● 65% of creative young people would rather go viral than sell out Wembley

● 30% of Gen Z believe success is going viral on social media

● Almost half (47%) of Brits think that social media should be added to the curriculum

● More than a third of Brits discover new music through social media

London: New research by Mastercard, to celebrate its 25-year headline sponsorship of The BRIT Awards with Mastercard, reveals social media and the metaverse are shaping how we discover, share and listen to new music. The research reveals what success looks like for the future of our creative industries, and it’s clear social media has ushered in huge changes:

Young people (aged 16-24) see social media as their best route to success; forty per cent (40%) of those asked believe going viral is key, compared to traditional routes such as gigging in a pub (11%) or winning a talent show (15%).

When speaking to people currently working in the creative industry specifically, four out of five (83%) listed going viral on social media as a personal career goal, showcasing just how important platforms like TikTok, Snap Chat and Instagram have become.

It might just be time to say goodbye to the chanting crowd and hello to likes on your videos - as 65% of people would rather go viral than sell out a show the equivalent of Wembley Stadium. Almost half (49%) of those who work in the creative industry say having their own work go viral would be the ultimate career success.

Gen Z lead the way in seeing the benefit of social media, with a third believing success is reaching one million streams on a music streaming platform (33%), followed closely by going viral on social media (30%). Whereas 41% of people aged 40-55, Gen X, take a more traditional view that making it into the top 40 is the ultimate career milestone.

Viral TikToks and Instagram reels seem to be taking over the way listeners and artists discover and connect to each other, with nearly half (45%) revealing it’s important to them to see their favourite artist ‘active’ on social media. TikTok, initially launched in 2016, now has over 30.8 million daily users, with the average user opening the platform 19 times a day with young people aged 10-19 its leading audience (25%).

The research also showed nearly two-fifths (37%) of Brits are discovering new music through social media (highest amongst Gen Z at 40%) compared to 17% of Brits who choose to go to live music gigs. Over half (56%) of people aged 16-24 would rather take a music recommendation from social media compared to 16% of people aged 55+.

As we continue to see the effect social media has on individuals, especially those of the younger generation, it is no surprise that people are wanting to understand more. Nearly half (47%) of Brits surveyed thought that schools should start to teach people about how to use these platforms to optimise their careers.

Social media now, Metaverse music next?

Social media is currently shaping the way music is discovered, downloaded and digested by listeners but this research also shows where music might be going next; the Metaverse. Artists like Lil Nas, Charlie XCX and the Foo Fighters have already hosted virtual gigs. Nearly half of Brits (43%) are aware the metaverse is used for gigs and almost a quarter (23%) of people aged 16-24 have already attended a metaverse gig. Eight percent (8%) of all Brits asked revealed they have watched a performance of their favourite artist on the platform in the last year. With people over 55 the most likely to have never interacted with the metaverse (65%).

Social Media in education and what BRIT School students think

In the run-up to The BRIT Awards with Mastercard on the 11th February 2023 Mastercard asked students from a variety of disciplines at The BRIT School, including music, art, and dance, for their thoughts on what success looks like and the skills required for their future careers. Nearly half (47%) of students revealed that they had

showcased their work on social media to be able to kick-start their careers. With a further one-third (29%) using social media itself to learn how to promote, share and reach new audiences with their work. As reflected by the other research, nearly half of all students (47%) believe that going viral on social media can seriously propel you forward in your career.

Agnes Woolrich, Vice President, Marketing & Communications, UK&I Says: “We are proud to be entering our 25th year of partnership with The BRIT Awards and use this milestone to explore the future of music. It is so interesting to see how social media continues to develop, evolve and shape music, technology and creative careers. At Mastercard, we continue to support the talent of tomorrow and develop new ways to connect people with music and their passion.”

- END -

For further information, please contact mastercard@talkertailor.com

The research was conducted by Censuswide with 2060 aged 16+ who use at least 1 social media account (at least once a month) between 30.12.22 to 2.12 22. Censuswide abide by and employ members of the Market Research Society, which is based on the ESOMAR principles and are members of The British Polling Council.

The research was conducted by Censuswide with 250 adults who currently or have previously worked in the creative industry who use at least 1 social media account (at least once a month) between 30.11.22 to 05.12 22. Censuswide abide by and employ members of the Market Research Society which is based on the ESOMAR principles and are members of The British Polling Council.

The research was conducted by a self-answered survey via Survey Monkey of 86 BRIT School Students. Across all educational disciplines, all students are aged 14-16 and have fully consented to their data being used within this release.

About Mastercard (NYSE: MA)

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

www.mastercard.co.uk

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