NBS Billboard 200 Paper
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Transcript of NBS Billboard 200 Paper
Why does this matter? The Billboard 200 is a weekly-updated chart that
tracks the top-selling-and-streaming albums and EPs in the United States
— an appearance on the chart is a strong indicator of an artist’s success, and
in our research, often signals a move into the mainstream. Anyone interested
in finding and partnering with tomorrow’s big names, from record labels to
brands, could find enormous value in knowing which bands are more likely
to appear on the Billboard 200.
Our aptly-named Billboard 200 Score identifies, at any given moment,
the likelihood that an artist will appear on the Billboard 200, on a scale of
0 to 100, within the next year. Within this range, we have to define what
constitutes a “prediction.” Given that the average Billboard 200 Score for all
musicians is 0.2, a score of 5 — again, which indicates a 5% likelihood that
this artist will chart on the Billboard 200 within the next 52 weeks — seems
like a generous place to start. In fact, on any given day, only about 1,000
artists who have never charted before score at or above 5.
Over the last 18 months, we generated a Billboard 200 Score for 386 of
the 426 artists that charted on the Billboard 200. Of these 386 artists, 303
achieved a score above 5, on any given week. That’s nearly 80%, or 4 in 5, of
all the artists for which we generated a score.
OUR BILLBOARD 200 SCORE PREDICTED
FOUR OF EVERY FIVE ARTISTS TO REACH THE
BILLBOARD 200, SOME MORE THAN A YEAR
IN ADVANCE.
BILLBOARD 200 SCORES FOR ALL ARTISTSNBS Billboard 200 Scores for 386 artists that appeared on the Billboard 200 in 2014 SCORES 100 50 0 NO SCORE AVAILABLE
WEEK OF CHART APPEARANCE
80 WEEKS BEFORE CHARTING
K E E P I N ’ I T T W O H U N D R E DP R E D I C T I N G T H E B I L L B OA R D 2 0 0
Forecasting the future is a core capability for Next Big Sound — after all, we’re Next Big Sound, not Last Big Sound. For more than a year, our data scientists have trained their algorithms on predicting the future likelihood of an artist charting on the iconic Billboard 200 chart. Currently, our Billboard 200 Score is better than any single metric at predicting tomorrow’s top artists.
Have more questions about us? Reach out to [email protected] 2
WEEKS WITH INCREASE ABOVE 8%NBS Billboard 200 Scores for 386 artists that appeared on the Billboard 200 in 2014
WEEK OF CHART APPEARANCE
80 WEEKS BEFORE CHARTING
SCORES WEEK-TO-WEEK INCREASE ABOVE 8% INCREASE BELOW 8%
What if we raise the threshold higher, to a score of 15 out of 100? We call
this “The Sweet Spot” — on any given day, the top 300 uncharted artists
have a Billboard 200 Score at or above 15. 300 is a significant number as
each year roughly 300 artists chart on the Billboard 200 for the first time.
At this level of prediction — a 15% likelihood that an artist will reach the
Billboard 200 — our Billboard 200 Score correctly identified 236 of the 386
Billboard 200 artists, over three of every five!
Finally, we discovered a significant increase in scores for all artists from 8 to
10 weeks before their appearance of the Billboard 200 chart. For these three
weeks, scores increased an average of 8% each week.
ACCELERATING BILLBOARD 200 SCORES ARE A
STRONG INDICATION THAT AN ARTIST WILL HIT
THE BILLBOARD 200 WITHIN THE
NEXT TWO MONTHS.
Note the consistent increase for many artists7-9 weeks before charting
ALL BB 200 SCORES, FILTERED BELOW 15NBS Billboard 200 Scores for 386 artists that appeared on the Billboard 200 in 2014 100 50 >15SCORES < 5 15 — 5
WEEK OF CHART APPEARANCE
80 WEEKS BEFORE CHARTING
Have more questions about us? Reach out to [email protected] 3
What Makes Our Billboard 200 Score Better?
The combination of signals from multiple social and streaming channels
makes our likelihood predictions for the Billboard 200 far stronger than
other methods. No one source that we’ve analyzed has a stronger predictive
power than this blend of several metrics. Let’s take a look at how the
Billboard 200 score compares to a handful of other metrics, based on the top
1,000 artists predicted by each metric on January 1st, 2014.
Some believe that increasing radio airplay is the best indication of a
musician’s future success. Even in 2014, radio remained a powerful force and
a primary listening medium for many fans. However, if we looked at the top
1,000 uncharted artists on January 1st, we would have predicted 78 artists
that hit the Billboard 200 with airplay data, versus the 108 artists forecasted
by our Billboard 200 Score.
How about social signals? Here we find the same story. Among Twitter,
Facebook, Instagram, and Wikipedia, Instagram had the best prediction
success rate in 2014 — 55 artists, in total.
Meanwhile, among streaming networks, Vevo outperforms SoundCloud,
YouTube and Rdio at forecasting Billboard 200 artists. Of the top 1,000
breakout artists on Vevo, 66 appeared on the Billboard 200.
Finally, for a baseline comparison, there’s always random chance. A random
selection from the over 500,000 artists we track at Next Big Sound would
yield a success rate of only 0.008%, or about one success in 12,500 attempts.
Better to stick with the Billboard 200 Score!
NEXT BIG SOUND’S BILLBOARD 200 SCORE IS
NEARLY 40% STRONGER THAN RADIO PLAY AT
PREDICTING WHICH ARTISTS WILL MAKE THEIR
FIRST APPEARANCE ON THE BILLBOARD 200.
OUR BILLBOARD 200 SCORE HAS NEARLY TWICE
THE PREDICTIVE POWER OF THE STRONGEST
SOCIAL METRIC, INSTAGRAM FOLLOWERS.
OUR BILLBOARD 200 SCORE BEATS ALL OTHER METRICSNumber of 2014 charting artists within top 1,000 uncharted artists as of Jan 1, 2014
Have more questions about us? Reach out to [email protected] 4
See For Yourself!
Sharing the success of our Billboard 200 Score doesn’t end with this paper.
This score drives our Next Big Sound Chart — every week, we deliver a
ranked-ordered list of the fifteen artists with the highest Billboard 200 Score
that haven’t yet appeared on the Billboard 200 Chart. It’s an exciting, data-
driven window into the future’s likely stars.
If you’re interested going deeper and seeing Billboard 200 Scores for artists
that interest you, please reach out to [email protected]. We’d be more
than happy to apply our predictive powers to your music marketing needs.
Simply put, we look at social and streaming data for artists that have already
appeared on the Billboard 200 Chart, then use patterns we find in this data
to train algorithms to look for similar patterns in data for new, undiscovered
artists. We generalize from past data to predict future, unseen events.
The resources that enable this research are unparalleled — no other company
has over five years of historical data, across hundreds of metrics, for hundreds
of thousands of artists, that make this modeling possible. The Billboard 200
Score updates on a daily basis and evolves over time to account for the rising
and falling influence of different social networks.
For the figures presented in this paper, we examined data from eight different
networks, including Facebook, Twitter, and SoundCloud, from May 2013
through late November 2014. For a deeper dive into the methodology that
drives the Billboard 200 Score, please read Data Scientist Victor Hu’s post
from 2013 describing our success at predicting appearances on the Billboard
Hot 100 chart.
How Do We Make Our Predictions?
OUR TOP PICKS FOR 2015Top-scoring uncharted artists as of February 1st, 2015
GLASS ANIMALS78% Likelihood
VIEW PROFILE VIEW PROFILE VIEW PROFILE VIEW PROFILE VIEW PROFILE
THE WOMBATS73% Likelihood
ALESSO68% Likelihood
MICKEY GUYTON68% Likelihood
GEORGE EZRA65% Likelihood