In 2022, digital book lending grew significantly due to innovations that high-performing public libraries, schools and other institutions used to serve their readers. These efforts resulted in record circulation of digital books, with ebooks, audiobooks, magazines and comic books each greatly contributing to year-over-year growth, according to industry leader OverDrive.
Source: OverDrive Releases 2022 Digital Book Circulation Data and Highlights
Trailerization is a relatively new term and the distinctions within it are malleable. There are reimaginations, which are usually instrumental covers by composers. There are overlays, where elements are added to a song in varying degrees. Then there are remixes, where the source material is distinctly altered, often to shift the context.
Source: Movie Trailers Keep Tweaking Well-Known Songs. The Tactic Is Working.
Source: From Artificial Intelligence to Profitability: 5 New Rules for Streamers in 2023 | Charts
British music industry body the BPI has published its annual figures for recorded music consumption in the UK, which grew by 4.3% in 2022. The BPI’s figures show that the number of ‘album equivalent sales’ – a metric that uses a formula to blend streams with sales of digital and physical music – was 166.1m last year, up from 159.3m in 2021.
Source: Recorded music consumption in the UK grew by 4.3% in 2022 – Music Ally
U.S. vinyl album sales hit a modern-era high in the week ending Dec. 22, as 2.232 million copies were sold, according to Luminate. That marks the single-largest sales week for vinyl albums since Luminate began electronically tracking music sales in 1991. It’s also only the second time in the modern era (1991-onward) that weekly vinyl album sales have exceeded 2 million.
Source: Weekly U.S. Vinyl Album Sales Break Modern-Era Record
On a global basis, overall investment in original content for streaming and broadcasting will increase by just 2% in 2023, projects media analyst firm Ampere Analysis. That would be the lowest growth rate in a decade, with the exception of a COVID-driven slump in 2020. In contrast, original content expenditures are estimated to have grown 6%, to $238 billion, in 2022, driven primarily by subscription video-on-demand (SVOD) platforms.
Source: Video Insider: Original Content Spending Growth Forecast To Slump In 2023
BookTok, a TikTok community of readers, reviewers, and authors, has redefined publishing’s relationship with book content creators. Since its rise in popularity in 2020, the group has been directly responsible for millions of book sales, hundreds of trending conversations around new releases, and an organic word-of-mouth marketing structure that has publishing entities desperate to get a piece of the action.
PUBG Mobile, a free mobile game that’s been downloaded over a billion times outside of China, is launching its own label, called ‘Beat Drop’. PUBG has already been releasing its own original music since 2020 via a virtual band called POWER 4 (see video below), and the launch of the new label, according to PUBG, “marks the next step in PUBG MOBILE’s journey to shake up the gaming and entertainment industry”.
The never-ending supply of new programming that helped define the streaming era appears to finally be slowing. The number of adult scripted series ordered by TV networks and streaming companies aimed for U.S. audiences fell by 24 percent in the second half of this year, compared with the same period last year, according to Ampere Analysis, a research firm. Compared with 2019, it is a 40 percent drop.