New report reaffirms TikTok's affect on music streaming

A report commissioned by TikTok confirms what we have all recognized for the reason that social media platform went mainstream in 2020: TikTok drives music streaming.

Performed by leisure information and analysis firm Luminate, the “Music Influence Report” boasts TikTok’s optimistic affect on the music business. It discovered TikTok customers are twice as prone to discover and share new music on social and short-form video platforms. The discovering is unsurprising contemplating songs typically go viral on the platform as a part of challenges that encourage viewers to make their very own movies that includes the track.

It additionally shared that TikTok engagement correlates with elevated streaming numbers. This discovering mixed with TikTok’s new partnership with Spotify and Amazon Music — a change of tempo from final 12 months’s rumors of TikTok’s personal streaming platform “TikTok Music” — counsel the app goals to additional ingrain itself within the music business.

Different findings included that the majority TikTok customers take heed to music on streaming platforms, with many paying for these streaming companies — 44 p.c of TikTok customers within the U.S. pay for streaming companies in comparison with 79 p.c of TikTok customers within the UK. TikTok customers’ curiosity in music goes past platforms; throughout the ten nations studied within the report, TikTok customers usually tend to attend concert events and spend cash on different music purchases.

Secure to say TikTok’s affect on our listening habits is not waining anytime quickly.