Total consumption of current music in the U.S.—album sales, track purchases and online streams of music that is less than 18 months old—shrunk by 1.4% in the first half of 2022, according to a new report by Luminate. The decline is especially worrying for music executives because Americans are actually consuming 9.3% more music than last year. “We’re talking about ‘current’ music actually getting less popular,” Tim Ingham of industry tracker Music Business Worldwide wrote in a recent analysis.
Source: Beyoncé Releases Album ‘Renaissance’: Can She Break the New Music Curse?
