Tuesday, March 19, 2013

AM/FM Radio Holds Competitive Edge for Music


While Two in Three Adults Listen to Music on Broadcast Radio Weekly, New Music Platforms are Playing a Bigger Role

Toronto-based Vision Critical in conjunction with Canadian Music Week just released online survey results that show that broadcast radio stations continue to be the leading music source for North American adults. However, a wide range of digital options appear to be closing the gap.

Nearly two-thirds of North American adults reported listening to music on AM/FM radio stations via standard or streamed radio in the past week. 

Responses show that Canadian adults are slightly more inclined to listen to broadcast radio than Americans—70 percent compared to 63 percent listen weekly.

Though AM/FM usage remains considerably higher than competing platforms, emerging music sources such as YouTube, music download services, Internet radio and streaming services have gained a foothold among online adults.

Key findings include:
  • YouTube is a widely used platform for listening to music, especially among 18 to 34 year old adults. About 66 percent of 18 to 34 year old Canadians and 61 percent of 18 to 34 year old Americans listen to music on YouTube. This is virtually the same proportion of 18 to 34 year old adults who listen to music on broadcast radio stations (66 percent in Canada and 62 percent in the U.S.).
  • Though music consumption patterns are generally similar between Canada and the U.S., the use of Internet radio and music streaming services is considerably higher in the U.S. More than one in four American adults listen to music on the Web, whereas only about 20 percent of the Canadian adult population do so where services such as Pandora and Spotify are not available.
“We are seeing that music and in fact, radio itself are shifting platforms. This is not necessarily at the expense of broadcast radio but as a result of the expanding array of music platform choices.  Radio still plays a key role in keeping its listeners connected, but digital options are clearly moving into the pure music position.”  - Jeff Vidler, senior vice president of media and entertainment at VisionCritical

The survey was conducted between March 19-20, 2013 among 1,506 Canadian adults ages 18 and over and 1,004 American adults ages 18 and over. Email invitations were sent to members of the Vision Critical Market Panels, offering a nationally representative sample for Canada via the Angus Reid Forum and for the United States via Springboard America. The survey was fielded in association with Canadian Music Week, March 19-24, 2013 at the Marriott Eaton Centre in Toronto. 

2 comments:

Paul Kelly said...

FM is still the most important audio feature in the dashboard.

A radio that plays FM radio stations is still clearly the most important audio offering a dashboard can provide.

An overwhelming 99% of respondents in our new research say that if they were buying a car next week, FM in the dashboard is Important. 89% say FM Radio is "Very Important."

AM Radio does not fare nearly as well. In fact, of the audio features tested, AM is least important with 54% of respondents saying AM is "Not Important At All." Satellite Radio comes in a distant second to FM with 46% saying "Somewhat Important" and 19% saying "Very Important." Internet Radio in the dashboard is not far behind Satellite with 44% "Somewhat Important" and 13% "Very Important" responses. HD Radio did not do much better than AM. 51% say HD Radio is "Not Important at All" and only 9% saying HD is "Very Important" The nationwide study took place this week and included 509 male and female respondents aged 18 to 54.

Edison Research said...

Nearly six-in-ten adults (18+) say when they get
in a car they tune to FM/AM radio “most” or “almost all of the time.

That’s according to the forthcoming Infinite Dial 2013
report, an annual look at radio and new media consumption from Arbitron and Edison Research.

Arbitron will release the study April 2nd.