2015 NIELSEN

M U S I C U.S .
REPORT

Copyright 2016 The Nielsen Company 1

 WELCOME
ERIN CRAWFORD SVP
ENTERTAINMENT &
GM MUSIC
Welcome to Nielsens annual Year End Music Report, a summary of consumption trends and
consumer insights for 2015.

Going into the year, we had recently modernized the industry measuring stick - the Billboard
200 chart - to include track downloads and streamed songs in addition to traditional
album sales. The new chart reflected how fans now consume music, and in 2015 they
were consuming more than ever. Total consumption, including sales, streams and track
downloads, was up, fueled by the continued surge of streaming, which nearly doubled last
year.

And yet the biggest music consumption story of the year was not even available on streaming
services. We were awed by Adeles record-crushing 25. We monitored daily activity across
sales, streaming, airplay and social, and were thrilled to report on every new milestone she
achieved, incredible by any measuring stick.

We also listened to over 500,000 music consumers in 2015. We learned about their
consumption behaviors and preferences. We learned about their social activity how they
engage with their favorite artists, and how they use it to follow festivals and discover new
music. And importantly, we also showed brands the power and value of music fans; how to
reach them, and how to connect with them.

As advocates for the business of music, we are passionate about delivering the most
valuable, actionable, insights into music fans - and believe that smart data can inform
creativity. We hope you enjoy these 2015 highlights, and look forward to measuring your
amazing 2016 successes.

-Sincerely,

ERIN CRAWFORD

2 2015 NIELSEN MUSIC U.S. REPORT

 CONTENTS
HIGHLIGHTS AND ANALYSIS ............................................................. 4
YEAR IN MUSIC REVIEW ..................................................................... 6
CONSUMPTION CHARTS ................................................................... 7
BILLBOARD CHARTS ........................................................................... 11
ADELE ................................................................................................. 16
N-SCORE ............................................................................................. 18
RADIO .................................................................................................. 19
TWITTER TV RATINGS ......................................................................... 21
SOCIAL ................................................................................................ 22
FAN INSIGHTS .................................................................................. 23
MUSIC DISCOVERY.............................................................................. 24
MUSIC SPENDING............................................................................... 25
LIVE MUSIC ATTENDANCE.................................................................. 26
STREAMING SERVICES......................................................................... 27

Copyright 2016 The Nielsen Company 3

 NIELSEN MUSIC 2015
YEAR-END HIGHLIGHTS
AND ANALYSIS
Adeles 25 was the sales story of the year, despite only being available for the last
6 weeks of the year.

Week ending 11/26 (release week), Adele shatters the first week Nielsen
SoundScan record for weekly album sales with over 3.377 Million units,
breaking the weekly sales record previously held by NSyncs album, No
Strings Attached, which sold 2.416 Million in its first week.

For its release week, Adele/25 set an all-time record for highest album
share of total industry albums when it accounted for over 41% of the total
industry album sales for the week.

Adele/25 was the first title to ever scan over 1 Million units in multiple
weeks when she accomplished that feat in her second week (week-ending
12/03), with 1.112 Million album sales and then capped it off with an
unprecedented third week with 1.157 Million album sales during week-
ending 12/24.

Adele/25 set a first week record for Digital album sales as well, when she
sold 1.644 Million digital albums.

After only 6 weeks of sales, Adele/25 is already the 61st best-selling album
in Nielsen SoundScan history with over 7.4 Million sales.

Adeles catalog also showed dramatic increases in conjunction with the new
release as 21 re-entered the top 10 on the Billboard 200 chart for week-
ending 11/26 at Number 9. That was the first appearance in the top 10 for
21 since 10/21, a span of over 3 years. Adeles album 21 has also risen to
be the 10th best-selling album in SoundScan history with over 11.4 Million
sales.

Sales of Adele/25 represented 3.1% of all album sales for the year and 16.4%
of all album sales during the six weeks since its release. Coupled with her
Catalog albums, 21 and 19 the total Adele Catalog sold 8 Million albums in
2015.

This is Adeles 3rd time as biggest-selling album of the year she topped
the year-end album chart in 2011 and 2012 with her album 21 selling 5.8M
and 4.4M respectively. No other artist in SoundScan history has ever
topped the year-end album chart three times.

Adele/25 was also 16.4% of all Digital Albums sold in the last 6 weeks of the
year and was 48% of all digital albums sold during its release week. It also

4 2015 NIELSEN MUSIC U.S. REPORT

 was an amazing 26% of all albums sold at Mass Merchant retailers in the
six weeks since its release.

Streaming continues its growth with Audio on-demand streaming (+83% vs LY)
and Video on-demand streaming (+102%) both increasing dramatically.

Catalog continues to be the biggest share of on-demand streams, with

songs over 18 months old accounting for nearly 70% of all streaming
volume.

Streaming Equivalent Albums (where 1,500 streams is equivalent to 1

album) comprised 38.5% of the total industry volume, up from 23% in 2014.

An all-time weekly record was set week-ending 12/24 with nearly 7.5 Billion
on-demand streams.

Justin Bieber set an all-time record for total Audio on-demand streams in
one week for an album when songs from his album Purpose had over 100
Million on-demand audio streams in its release week (week-ending 11/19).

Vinyl LPs continued to set new all-time highs with nearly 12 Million units sold in
2015.

This marks the 10th straight year of growth for Vinyl LPs and surpasses last
years previous record volume by 2.8 Million units.

Independent record stores continue to be the biggest driver of Vinyl LP

sales, with over 45% of Vinyl LP sales coming from the Independent stores.

Rock is still the biggest genre for Vinyl LPs with over 68% of Vinyl LP sales
coming from Rock titles. With strong sales of Vinyl LPs by Adele/25 and
Taylor Swift/1989, pop more than doubled its share of Vinyl LP sales from
2014 (5.7% of total in 2015 vs. 2.8% of total in 2014).

Nearly 18% of all physical album sales for Rock were Vinyl LPs in 2015, up
from 13.4% in 2014.

Genre highlights it was a great year for Pop albums, as well as R&B/Hip-Hop.

Pop Albums, led by Adele/25 and Taylor Swift/1989 showed the most growth
year-over-year with a gain of 23% vs. 2014. CD sales for Pop records were up
21% vs. 2014 and Digital Album sales were up 22%. Although it was off of a
small base, Vinyl LP sales for the Pop genre were up 163% vs. last year.

R&B/Hip-Hop also showed growth in album sales vs. last year, as titles
such as Drake/If Youre Reading This, Its Too Late, The Weeknd/Beauty
Behind the Madness and Kendrick Lamar/To Pimp A Butterf ly all had strong
years. Album sales for R&B/Hip-Hop were up 2% overall vs. 2014 and
Digital Album sales were up 19% vs. last year.

Rock continued to be the #1 genre for Album sales, with nearly 33% of all
album sales coming from the Rock genre. Pop continues to dominate Track
sales, with 23% of track sales coming from the Pop genre. When it comes to
On-Demand Streaming, the dominant genre is R&B/Hip-Hop with over 21%
of on-demand streams coming from the R&B/Hip-Hop genre.

Copyright 2016 The Nielsen Company 5

 MUSIC CONSUMPTION

2015 YEAR IN MUSIC REVIEW

FEBRUARY 1

FEBRUARY
99% increase in Katy Perrys FEBRUARY 8
album sales the week after Most-Tweeted minute of the GRAMMYS is at
her Super Bowl halftime 10:42 p.m. EST, when 121,000 Tweets are sent after
performance. Kanye West approaches the stage following Becks
win for Album of the Year.

MARCH 17
The soundtrack for Foxs hit TV series Empire MARCH 30

MARCH
debuts at Number 1 on the Billboard 200 chart. 5.5% increase in streams of Jay Zs
Its the first TV soundtrack to debut at Number Big Pimpin the week following
1 since 2010. Tidals press launch.

APRIL 18
Record Store Day: the indie sector accounts
for 532,000 album scans, or 21.5 % of total
APRIL

physical album sales, and 11.9 % of overall sales,

representing the highest weekly sales percentages
APRIL 30 total for the indies since 2003.
Billboard Latin Music Awards:
Romeo Santos wins Top Latin Album
of the Year for his album, Formula,
Vol.2, which has sold 300,000 units JUNE 30
JUNE

to date. Apple Music launches. It is ranked as one of

Nielsens Top 10 Smartphone apps of 2015 with
54.5 MM unique users.

NOVEMBER 10
NOVEMBER

NOVEMBER 20 After Chris Stapletons CMA performance

Adeles album 25 sells 3.37 million in with Justin Timberlake, sales of his album Traveller
its first week to beat NSYNCs increase 6,000% putting it at the top of the
No Strings Attached single-week record Billboard 200 chart.
for album sales set back in 2000.

DECEMBER 11 DECEMBER 21
DECEMBER

Billboard names Lady Gaga, Woman of the Year. Mariah Careys All I Want For Christmas Is You is the
According to Nielsens Talent Analytics, Lady Gaga top on-demand holiday song with 8 million streams for
scores above the average in terms of Awareness, this week.
Influential, Social Media Savvy, and Trendsetter.
DECEMBER 24
The Beatles start streaming and their catalog has
over 14 million streams by Christmas.
Radio spins increase 89% 12/24-12/28 compared
to the previous week.

6 2015 NIELSEN MUSIC U.S. REPORT

 OVERALL ALBUM CONSUMPTION WITH
TEA AND SEA
(INCLUDES ALL ALBUMS & TRACK EQUIVALENT ALBUMS &
STREAMING EQUIVALENT ALBUMS IN MILLIONS)

2015 2014 % CHG.

TOTAL ALBUM
549.4 476.9 +15.2%
+ TEA + SEA

NOTE: TRACK EQUIVALENT ALBUMS RATIO OF 10 TRACKS TO 1 ALBUM AND

STREAMING EQUIVALENT ALBUMS RATIO OF 1500 STREAMS TO 1 ALBUM

TOTAL ALBUM SALES

(INCLUDES CD, CASSETTE, VINYL , & DIGITAL ALBUMS IN
MILLIONS)

2015 2014 % CHG.

TOTAL UNITS 241.4 257.0 -6.1%

CD 125.6 140.8 -10.8%

DIGITAL 103.3 106.5 -2.9%
LP/VINYL 11.9 9.2 +29.8%

Source: Nielsen Music 12/29/14 -12/31/15

Copyright 2016 The Nielsen Company 7

 PHYSICAL ALBUM SALES BY STORE T YPE
(INCLUDES CDS, CASSETTES, VINYL LPS IN MILLIONS)

2015 2014 % CHG.

CHAIN 28.7 31.0 -7.5%

INDEPENDENT 17.3 18.2 -5.0%

MASS MERCHANT 51.2 62.9 -18.6%

NON-TRADITIONAL 40.9 38.5 +6.2%

(NON-TRADITIONAL INCLUDES INTERNET, VENUE, DIRECT-TO-CONSUMER AND

OTHER NON-TRADITIONAL RETAIL OUTLETS)

DIGITAL TRACK SALES

(IN MILLIONS)
2015 2014 % CHG.

TOTAL UNITS 964.8 1,102.5 -12.5%

ON-DEMAND MUSIC STREAMS

(INCLUDES AUDIO + VIDEO DATA FROM AOL, BEATS, CRICKET,
GOOGLE PLAY, MEDIANET, RDIO, RHAPSODY, SLACKER, SPOTIFY,
XBOX MUSIC, YOUTUBE/VEVO - IN BILLIONS)

2015 2014 % CHG.

STREAMS 317.2 164.5 +92.8%

AUDIO 144.9 79.1 +83.1%

VIDEO 172.4 85.4 +101.9%

8 2015 NIELSEN MUSIC U.S. REPORT

 TOTAL DIGITAL MUSIC CONSUMPTION

(DIGITAL ALBUMS + TRACK EQUIVALENT ALBUMS + STREAMING

EQUIVALENT ALBUMS IN MILLIONS)

2015 2014 % CHG.

TOTAL UNITS 411.3 326.4 +26.0%

NOTE: TRACK EQUIVALENT ALBUMS RATIO OF 10 TRACKS TO 1 ALBUM AND STREAMING

EQUIVALENT ALBUMS RATIO OF 1500 STREAMS TO 1 ALBUM

CURRENT AND CATALOG SALES

(CATALOG IS DEFINED AS OVER 18 MONTHS SINCE RELEASE

IN MILLIONS)

2015 2014 % CHG.

OVERALL CURRENT 118.5 130.5 -9.2%

ALBUMS CATALOG 122.8 126.5 -2.9%

DIGITAL CURRENT 52.5 53.8 -2.5%

ALBUMS CATALOG 50.9 52.6 -3.4%

PHYSICAL CURRENT 65.8 76.3 -13.8%

ALBUMS CATALOG 71.2 73.7 -2.7%

DIGITAL CURRENT 479.8 532.9 -10.0%

TRACKS CATALOG 484.9 569.6 -14.9%

Copyright 2016 The Nielsen Company 9

 GENRE BREAKDOWN TOTAL CONSUMPTION BY FORMAT
(SELECTED TOP GENRES ALBUMS + TRACK EQUIVALENT ALBUMS + STREAMING EQUIVALENT ALBUMS)

GENRE % OF FORMAT TOTAL

% OF TOTAL
ALBUMS TRACKS STREAMS
CONSUMPTION
CHILDREN 1.1% 1.8% 0.4% 0.6%

CHRISTIAN/GOSPEL 2.8% 3.4% 2.8% 2.1%

CLASSICAL 1.3% 2.1% 0.5% 0.7%

COUNTRY 8.5% 11.2% 11.5% 4.1%

DANCE/ELECTRONIC (EDM) 3.4% 1.8% 4.2% 4.7%

HOLIDAY/SEASONAL 1.7% 3.0% 0.8% 0.8%

JAZZ 1.3% 2.1% 0.6% 0.6%

LATIN 4.5% 2.1% 1.7% 8.5%

POP 15.7% 14.1% 22.6% 14.5%

R&B/HIP-HOP 18.2% 15.1% 19.7% 21.1%

ROCK 24.5% 32.6% 19.8% 17.5%

Read as: 11.2% of albums are Country titles.

FORMAT BREAKDOWN- TOTAL CONSUMPTION BY GENRE

(SELECTED TOP GENRES)

GENRE % OF TOTAL

PHYSICAL ALBUM DIGITAL ALBUM TEA SEA

CHILDREN 51% 21% 6% 22%

CHRISTIAN/GOSPEL 27% 26% 18% 29%

CLASSICAL 45% 27% 7% 22%

COUNTRY 37% 20% 24% 19%

DANCE/ELECTRONIC (EDM) 7% 17% 22% 54%

HOLIDAY/SEASONAL 55% 19% 8% 18%

JAZZ 46% 27% 8% 19%

LATIN 16% 4% 7% 73%

POP 23% 16% 25% 35%

R&B/HIP-HOP 18% 18% 19% 45%

ROCK 34% 24% 14% 27%

10 2015 NIELSEN MUSIC U.S. REPORT

 BILLBOARDS TOP
CHARTS OF 2015
COMPILED BY
NIELSEN MUSIC
2015 OVERALL TOP 10
(BASED ON U.S. ALBUM SALES; TRACK EQUIVALENT ALBUMS; STREAM EQUIVALENT ALBUMS)

TOTAL ALBUM SONG ON-DEMAND

RANK ARTIST TITLE VOLUME AUDIO STREAMS
(000s) SALES (000s) SALES (000s) (000s)
1 ADELE 25 8,008 7,441 4,770 135,400

2 TAYLOR SWIFT 1989 3,105 1,993 10,563 83,002

3 JUSTIN BIEBER PURPOSE 2,225 1,269 4,672 732,357

4 ED SHEERAN X 2,206 1,162 6,786 548,663

BEAUTY BEHIND THE
5 THE WEEKND MADNESS
2,045 862 6,156 849,813
IF YOU'RE READING THIS,
6 DRAKE IT'S TOO LATE
1,919 1,142 2,770 749,380

7 MEGHAN TRAINOR TITLE 1,795 1,007 5,833 307,136

8 SAM SMITH IN THE LONELY HOUR 1,741 1,018 4,168 459,192

9 SAM HUNT MONTEVALLO 1,378 757 4,387 273,118

10 FETTY WAP FETTY WAP 1,295 254 6,342 609,994

2015 TOP ALBUMS (BASED ON U.S. SALES)

RANK ARTIST TITLE SALES (000s)

1 ADELE 25 7,441

2 TAYLOR SWIFT 1989 1,993

3 JUSTIN BIEBER PURPOSE 1,269

4 ED SHEERAN X 1,162

5 DRAKE IF YOU'RE READING THIS, ITS TOO LATE 1,142

6 SAM SMITH IN THE LONELY HOUR 1,018

7 MEGHAN TRAINOR TITLE 1,007

8 THE WEEKND BEAUTY BEHIND THE MADNESS 862

9 SOUNDTRACK FIFTY SHADES OF GREY 861

10 LUKE BRYAN KILL THE LIGHTS 851

Copyright 2016 The Nielsen Company 11

 2015 TOP CD ALBUMS (YTD SALES)

RANK ARTIST TITLE SALES (000s)

1 ADELE 25 5,018

2 TAYLOR SWIFT 1989 981

3 LUKE BRYAN KILL THE LIGHTS 623

4 SAM SMITH IN THE LONELY HOUR 621

5 MEGHAN TRAINOR TITLE 591

6 ED SHEERAN X 579

7 JOSH GROBAN STAGES 551

8 JUSTIN BIEBER PURPOSE 492

9 PENTATONIX THAT'S CHRISTMAS TO ME 435

10 ONE DIRECTION MADE IN THE A.M. 426

2015 TOP DIGITAL ALBUMS (YTD SALES)

RANK ARTIST TITLE SALES (000s)

1 ADELE 25 2,307

2 DRAKE IF YOU'RE READING THIS, ITS TOO LATE 985

3 TAYLOR SWIFT 1989 938

4 JUSTIN BIEBER PURPOSE 768

5 ED SHEERAN X 546

6 SOUNDTRACK FIFTY SHADES OF GREY 538

7 KENDRICK LAMAR TO PIMP A BUTTERFLY 516

8 THE WEEKND BEAUTY BEHIND THE MADNESS 514

9 DRAKE AND FUTURE WHAT A TIME TO BE ALIVE 508

10 CHRIS STAPLETON TRAVELLER 411

12 2015 NIELSEN MUSIC U.S. REPORT

 2015 TOP LP VINYL ALBUMS (YTD SALES)

RANK ARTIST TITLE SALES (000s)

1 ADELE 25 116

2 TAYLOR SWIFT 1989 74

3 PINK FLOYD DARK SIDE OF THE MOON 50

4 BEATLES ABBEY ROAD 49,8

5 MILES DAVIS KIND OF BLUE 49

6 ARCTIC MONKEYS AM 48

7 SUFJAN STEVENS CARRIE & LOWELL 44,9

8 ALABAMA SHAKES SOUND & COLOR 44,6

9 HOZIER HOZIER 43

10 SOUNDTRACK GUARDIANS OF THE GALAXY 43

2015 TOP DIGITAL SONGS (YTD SALES)

RANK ARTIST SONG SALES (000s)

1 MARK RONSON FEAT. BRUNO MARS UPTOWN FUNK! 5,529

2 ED SHEERAN THINKING OUT LOUD 3,976

3 WIZ KHALIFA FEAT. CHARLIE PUTH SEE YOU AGAIN 3,801

4 ADELE HELLO 3,712

5 MAROON 5 SUGAR 3,343

6 WALK THE MOON SHUT UP AND DANCE 2,986

7 FETTY WAP TRAP QUEEN 2,730

8 OMI CHEERLEADER 2,698

9 THE WEEKND THE HILLS 2,586

10 TAYLOR SWIFT FEAT. KENDRICK LAMAR BAD BLOOD 2,580

Copyright 2016 The Nielsen Company 13

 TOTAL ON-DEMAND STREAMS (AUDIO + VIDEO COMBINED)

RANK ARTIST SONG ON-DEMAND STREAMS (000s)

1 FETTY WAP TRAP QUEEN 616,463

2 SILENTO WATCH ME (WHIP/NAE NAE) 563,406

3 MARK RONSON FEAT. BRUNO MARS UPTOWN FUNK! 555,808

4 WIZ KHALIFA FEAT. CHARLIE PUTH SEE YOU AGAIN 472,264

5 THE WEEKND THE HILLS 444,018

6 ED SHEERAN THINKING OUT LOUD 350,579

7 ADELE HELLO 334,799

8 OMI CHEERLEADER 328,365

9 FETTY WAP FEAT. REMY BOYZ 679 322,176

10 THE WEEKND CAN'T FEEL MY FACE 314,499

TOP AUDIO ON-DEMAND STREAMS

ON-DEMAND AUDIO STREAMS

RANK ARTIST SONG
(000s)

1 FETTY WAP TRAP QUEEN 214,842

2 THE WEEKND THE HILLS 207,504

3 DRAKE HOTLINE BLING 177,413

4 THE WEEKND CAN'T FEEL MY FACE 174,451

5 MAJOR LAZER & DJ SNAKE FEAT. M0 LEAN ON 167,819

6 MARK RONSON FEAT. BRUNO MARS UPTOWN FUNK! 160,763

7 FETTY WAP FEAT. REMY BOYZ 679 155,994

8 JUSTIN BIEBER WHAT DO YOU MEAN? 154,446

9 SKRILLEX & DIPLO FEAT. JUSTIN BIEBER WHERE ARE U NOW 153,575

10 THE WEEKND EARNED IT (FIFTY SHADES OF GREY) 151,941

14 2015 NIELSEN MUSIC U.S. REPORT

 TOP VIDEO ON-DEMAND STREAMS

ON-DEMAND VIDEO STREAMS

RANK ARTIST SONG
(000s)

1 SILENTO WATCH ME (WHIP/NAE NAE) 487,490

2 FETTY WAP TRAP QUEEN 401,621

3 MARK RONSON FEAT. BRUNO MARS UPTOWN FUNK! 395,045

4 WIZ KHALIFA FEAT. CHARLIE PUTH SEE YOU AGAIN 327,156

5 TAYLOR SWIFT SHAKE IT OFF 237,745

6 THE WEEKND THE HILLS 236,514

7 ED SHEERAN THINKING OUT LOUD 204,804

8 ADELE HELLO 198,963

9 TAYLOR SWIFT BLANK SPACE 192,930

OMARION FEAT. CHRIS BROWN &
10 POST TO BE 192,681
JHENE AIKO

Copyright 2016 The Nielsen Company 15

 ADELE
2015 WAS THE YEAR OF ADELE

After a four year break, Adeles long-awaited new

album 25 arrived in late fall and has been breaking
records ever since. With over 7.4 million YTD album
sales (in just six weeks), Adele and 25 were the
feel-good story of the year for the music industry.
We break down the numbers

BUILDING ON THE SUCCESS OF 21

253
consecutive weeks in
the chart and counting!

11.3M
6
sales to date

2 YEARS Grammy Awards

top-selling album
in a row including 'Album of The Year '

HELLO RELEASED OCTOBER 23

1.1 "Hello" has been played over

270k times on U.S. radio with over
ll
V

million record-setting 1.56 billion audience impressions.

downloads in one week

129
ll
72%
V

million audio streams

to date
of those who purchased 25

188 said the time that passed since

her last release "made me
ll
V

million video streams want to buy it even more"

to date

16 2015 NIELSEN MUSIC U.S. REPORT

 25
RELEASED
NOVEMBER 20, 2015
1.2
million sales week-ending 12.24;
only album to sell more than 1 million
in 3 different weeks ever

3.38
million record-setting 1.1
sales first week million record-setting
sales second week

TV APPEARANCES (all NBC)

THE TONIGHT SHOW ADELE LIVE IN NEW YORK CITY
SATURDAY NIGHT LIVE WITH JIMMY FALLON THE TODAY SHOW on NBC 12/14/15

NOV. 21ST NOV. 23RD NOV. 25TH The highest rated TV

6,220,00 3,973,00 4,768,00 concert special in
AVERAGE 4,490,00 AVERAGE 3,430,00 AVERAGE 4,608,00 over ten years.
TOTAL P2+ VIEWERS TOTAL P2+ VIEWERS TOTAL P2+ VIEWERS

2.4 million people saw The top hashtag was

1.3 million people saw one or more 641k people saw one or more of
one or more of 121k Tweets #AdeleLiveInNYC -
of 51k Tweets about the show 20k Tweets about the show
about the show mentioned in 31,700 Tweets

THE FANS 23%

22%
More likely to buy new
More likely to try to eat gourmet
food whenever they can

when in the market to

purchase an automobile
38%
62% 22%
18% 19%

13% 13%
11%
2% 3%

12 - 17 18 - 34 35 - 54 55+

32% 20%
How many can she sell? She reaches people who dont
14%
More likely to get their
In a survey of U.S consumers, 32% normally buy music - 20% of those news from the internet
either bought or intend to buy 25 who bought or intend to buy 25
identified as non-music buyers

41% 55% 18%

More likely to follow a
Streaming Impact: 41% of people who Likeable and relatable: favorite brand or company
purchased 25 the first week said that its 55% of fans said that Adele on a social net. site
lack of availability on streaming services is someone I can relate to
impacted their purchase decision
Adele is the most-liked current 10%
More likely to listen to
15%
But 86% of those people that they artist out of the 800+ artists that Less likely to enjoy
would have bought it anyway Nielsen tracks the radio every day television advertising

Copyright 2016 The Nielsen Company 17

 N-SCORE
Nielsen N-Score measures fans perception of top talent in music, sports, books, film and TV across 10
attributes including Awareness, Likeability, Influential and Trendsetter. N-Score is used by brands,
talent and content developers to understand endorsement value.

2015 TOP 10 MUSICIANS AMONG MILLENNIALS (18-34)

1 JUSTIN TIMBERL AKE 6 PINK

2 JENNIFER LOPEZ 7 THE BEATLES

3 TAYLOR SWIFT 8 KAT Y PERRY

4 ADELE 9 KELLY CL ARKSON

5 BEYONC 10 USHER

Source: Nielsen Talent Analytics

18 2015 NIELSEN MUSIC U.S. REPORT

 RADIO
Radio reaches more Americans than any other device or platform. 93%
of adult consumers (18+) use radio each week, more than TV (87%),
smartphones (71%), PCs (54%), TV-connected devices (40%) and tablets
(29%).

In the 48 Nielsen portable people meter (PPM) markets, Pop

Contemporary Hit Radio (CHR) and Country were again the leading
music formats in 2015, followed by Adult Contemporary (AC), Hot
AC and Classic Hits.

Urban Contemporary (aka Hip-Hop) radio had a record-breaking

year in 2015, reaching its highest share of 18-34 audience ever
recorded in PPM measurement. The format moved from 6th place in
2014 to 4th place this year on the 18-34 ranker, growing its audience
by 12% year-over-year.

And during the summer, Classic Hits once again saw the most
audience growth in warm-weather months of any format. 2015
marked the second consecutive summer that Classic Hits listening
spiked more than any other type of radio across the U.S.

2015 TOP RADIO SONGS

(U.S. RADIO ALL FORMATS, INCLUDING NETWORK & SATELLITE)

IMPRESSIONS
RANK ARTIST SONG PLAYS (000s)
(000s)

1 MARK RONSON FEAT. BRUNO MARS UPTOWN FUNK! 854 4,804,496

2 WALK THE MOON SHUT UP AND DANCE 706 3,981,730

3 ED SHEERAN THINKING OUT LOUD 632 3,586,173

4 MAROON 5 SUGAR 618 3,470,501
5 JASON DERULO WANT TO WANT ME 568 3,071,643
6 WIZ KHALIFA FEAT. CHARLIE PUTH SEE YOU AGAIN 564 3,140,899
7 TAYLOR SWIFT STYLE 550 3,163,189
8 THE WEEKND EARNED IT (FIFTY SHADES OF GREY) 543 2,928,354
9 ELLIE GOULDING LOVE ME LIKE YOU DO 530 2,928,018
10 THE WEEKND CAN'T FEEL MY FACE 528 2,900,066

Copyright 2016 The Nielsen Company 19

 The chart below breaks down the national listening landscape for the
top 10 most popular radio formats of 2015 for the 18-34 audience in
Nielsens PPM markets.

TOP 10 RADIO FORMATS OF 2015 (PERSONS 18-34)

RANK FORMAT P18-34 SHARE

1 Pop Contemporary Hit Radio(CHR) 12.40%

2 Country 9.10%

3 Hot Adult Contemporary(AC) 7.60%

4 Urban Contemporary 6.50%

5 Adult Contemporary(AC) 6.40%

6 Rhythmic Contemporary Hit Radio(CHR) 5.80%

7 Alternative 5.00%

8 Mexican Regional 4.60%

9 Classic Rock 4.50%

10 News Talk 3.60%

AQH-Average quarter hour. Data from January-November 2015. Persons 6+ AQH across 45
non-embedded PPM markets, Mon-Sun 6 a.m.-12 midnight.

Read as: Year-to-date(through November 2015), 12.4% of U.S. radio listeners aged 18-34
were tuned to a Pop CHR station during any 15-minute period during the day.

Source: Nielsen Audio

20 2015 NIELSEN MUSIC U.S. REPORT

 TWITTER T V RATINGS
Award showsand Kanye West specificallywere in the spotlight on Twitter this year.

The most-Tweeted minute in a special in 2015: 2015 MTV Video Music Awards (MTV),
which garnered 248,000 Tweets at 10:49 p.m. ET on Aug. 30 in the minute following
Kayne Wests announcement that he would be running for President of the United States
in 2020.

The most-Tweeted series minute of 2015: The Voice (NBC), which garnered 182,000
Tweets at 8:57 p.m. ET on April 28.

A total of 2.4 million Tweets were sent about the Empire two-part season finale on March
18, 2015 on FOX. This made it the most Tweeted drama series episode this year and since
Nielsen Social began tracking TV-related Twitter activity in October 2011. Activity peaked
as the final episode drew to a close at 10 p.m. EST with 51,000 Tweets sent in that minute
alonethe most Tweeted minute for any drama series this year.

For 2015s Top 10 Specials for Twitter TV Ratings, 7 of the 10 were Entertainment specials,
and half were music specials.

TOP 10 TV SPECIALS 2015

AUDIENCE TWEETS
RANK PROGRAM DATE NETWORK
(000) (000)

1 The 57th Annual Grammy Awards 02/08/15 CBS 13,317 13,432

2 The Oscars 02/22/15 ABC 13,019 5,923

3 2015 MTV Video Music Awards 08/30/15 MTV 11,823 21,356

4 The 72nd Annual Golden Globe Awards 01/11/15 NBC 10,436 1,885

5 2015 American Music Awards 11/22/15 ABC 10,158 5,331

6 2015 Billboard Music Awards 05/17/15 ABC 9,805 3,321

7 State of the Union 2015 01/20/15 TV Event 9,726 2,598

8 Republican Presidential Candidates Debate 08/06/15 Fox News Channel 9,278 3,293

9 CNN Republican Debate 09/16/15 CNN 9,008 2,459

10 The BET Awards 2015 06/28/15 BET 9,004 7,381

Source: Nielsen. Data from Jan. 1, 2015-Nov. 30, 2015. Nielsen Social captures relevant Tweets in the U.S. from three hours before through three hours
after broadcast, local time. Unique Audience measures the audience of relevant Tweets ascribed to a program from when the Tweets are sent until the end
of the broadcast day at 5 a.m. Series and Specials include those on English- and Spanish-language broadcast and national cable networks only. Specials
are across all day parts and are ranked by unique audience for each individual telecast. Series include new/live prime time and late fringe programming
only.

Copyright 2016 The Nielsen Company 21

 GLOBAL TOP 10 ARTISTS, BASED ON
SOCIAL & WEB ENGAGEMENT
Social/Web Engagement in 2015 based upon total RTD activity as of year
end.

1 KAT Y PERRY 6 L ADY GAGA

2 JUSTIN BIEBER 7 EMINEM

3 TAYLOR SWIFT 8 SELENA GOMEZ

4 SHAKIRA 9 ADELE

5 RIHANNA 10 JUSTIN TIMBERL AKE

Source: Nielsen Music Conncect

22 2015 NIELSEN MUSIC U.S. REPORT

 FAN INSIGHTS

Source: Nielsen Music 360 U.S. 2015

Copyright 2016 The Nielsen Company 23

 HOW WE DISCOVER MUSIC

Since 2014, more people are discovering music on the radio and at live events.

Source: Nielsen Music 360 U.S. 2015

Question: Which of the following are ways you discover new music?

Base: Total Respondents (3305)

24 2015 NIELSEN MUSIC U.S. REPORT

 HOW WE SPEND ON MUSIC

About one-third of consumer spending on music is used towards live music events. Teens spend on
digital tracks and albums, while Millennials spend on music festivals.

HOW WE SPEND ON MUSIC

$152 $80 $163
ADMISSION TO LIVE MUSIC
CONCERTS

32% 31% 29% ADMISSIONS TO MUSIC

FESTIVALS

SATELLITE RADIO
9% SUBSCRIPTION
10% 17%
1%
8% PAID ONLINE MUSIC
11% 5% STREAMING SERVICES
13% 9%
7%
PHYSICAL FORMS OF
9% MUSIC (E.G. CDS, VINYL)
13%
25% 12% DIGITAL TRACKS/ALBUMS
11%
3%
7% 7%
8% MUSIC GIFT CARDS
5% 3% 11%
5% 5%
TOTAL TEENS MILLENNIALS (AGE 18-34) ADMISSION TO SMALL LIVE
(AGE 13-17) MUSIC SESSIONS

ADMISSION TO DJ EVENT
Source: Nielsen Music 360 U.S. 2015

Question: In a typical year about how much money do you spend on the following entertainment activities?

Copyright 2016 The Nielsen Company 25

 LIVE MUSIC ATTENDANCE

Overall, live music attendance is up in 2015, with one half of Americans stating theyve been to a
live music event. Club events, with or without a headlining DJ, are up since 2014. Millennials and
Hispanics are more likely to attend live music events compared to the general population.

Source: Nielsen Music 360 U.S. 2015

Question: About how many of the following types of live events, if any, do you attend per year?

26 2015 NIELSEN MUSIC U.S. REPORT

 MOST IMPORTANT FACTORS IN CHOOSING A STREAMING SERVICE

When selecting a streaming service, most users cite cost and ease of
use as most important factors, followed by song library.

Source: Nielsen Music 360 U.S. 2015

Copyright 2016 The Nielsen Company 27

 ABOUT NIELSEN
Nielsen Holdings plc (NYSE: NLSN) is a global performance
management company that provides a comprehensive understanding
of what consumers watch and buy. Nielsens Watch segment provides
media and advertising clients with Total Audience measurement
services for all devices on which content video, audio and text
is consumed. The Buy segment offers consumer packaged goods
manufacturers and retailers the industrys only global view of retail
performance measurement. By integrating information from its Watch
and Buy segments and other data sources, Nielsen also provides its
clients with analytics that help improve performance. Nielsen, an S&P
500 company, has operations in over 100 countries, covering more than
90% of the worlds population.

For more information, visit www.nielsen.com.

Copyright 2016 The Nielsen Company. All rights reserved. Nielsen and
the Nielsen logo are trademarks or registered trademarks of CZT/ACN
Trademarks, L.L.C. Other product and service names are trademarks or
registered trademarks of their respective companies.15/9032

28 2015 NIELSEN MUSIC U.S. REPORT