A new report has confirmed that more new music is being recorded and uploaded to streaming services than ever before. According to Luminate (via Music Business Worldwide), an average of 120,000 new CIHRs — or individual tracks — were uploaded to streaming platforms every day in the first quarter of 2023.
That works out to more than 10 million tracks uploaded across audio and video platforms like Spotify, Apple Music, YouTube Music, and more during the first three months of 2023. The 120,000-per-day average represents a 28.5% increase from all of 2022, when An average of 93,400 tracks are uploaded per day.
Luminate, which provides sales data for painting Music Charts, reports that more than 43 million new tracks will be uploaded to music streaming services this year if the trend continues. Last year, more than 34 million tracks were uploaded.
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Music lovers are also flocking more than ever before. Global on-demand audio streams were up 23% year over year in the first quarter of 2023 compared to the first quarter of 2022, with a 13% increase in the US. Latin, country and world music are the fastest growing genres this year.
It should be noted that a significant number of the tracks are literally white noise, with an increasing number being generated by artificial intelligence. Some of the most popular AI-generated songs recently were a track using fake vocals from Drake and The Weeknd that went viral in April, followed by a “collaboration” between Bad Bunny and Rihanna.
Be sure to read our roundup of all the music streaming services to choose the best one for your needs.
