K5 post release short term
What it does: Predicts short-term streaming performance (two weeks post-release) on Spotify for released tracks.
Why use it: K5 helps optimize early-stage marketing campaigns and identify potential breakout tracks shortly after release. It provides actionable insights to:
- Refine Marketing Strategies: Adjust campaign targeting, budget allocation, and creative based on predicted performance trends.
- Capitalize on Momentum: Identify tracks exceeding expectations and double down on promotional efforts to amplify their reach.
- Course Correct Underperforming Tracks: Detect underperforming tracks early and implement corrective actions to improve their trajectory.
- Measure Campaign Effectiveness: Compare actual streaming performance against predictions to assess the impact of your marketing activities.
- Inform Future Release Strategies: Learn from short-term performance patterns to improve future release planning and campaign execution.
When to use it: Use K5 immediately after a track’s release, with at least three days of streaming data available.
How to use it in Songbird:
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Upload Audio: Upload the track’s audio file (MP3, WAV, or M4A). The filename must be the Spotify Track ID. (Include a clearly annotated screenshot of the upload area in Songbird).
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Input Metadata: Provide the track’s release date (YYYY-MM-DD), artist ID, and the last three days of streaming data from Spotify. Also, specify if the track is a focus track (Yes/No), any marketing alerts or initiatives, and your streaming goal. (Include a screenshot of the metadata input fields with labels).
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Run K5 Analysis: Click “Run Analysis” to generate predictions. (Include a screenshot highlighting the button).
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Interpret Results: Review the predictions, visualizations, and causal recommendations (if applicable) in Songbird. (Include a screenshot of the results page).
Key Inputs:
- Audio File (MP3, WAV, or M4A): The released track’s audio.
- Release Date: The track’s release date (YYYY-MM-DD).
- Artist ID: The Spotify ID of the artist.
- Spotify Streams (t-1, t-2, t-3): The streaming counts for the past three days.
- ISRC: The International Standard Recording Code for the track.
- Alerts (Optional): Any important marketing alerts related to the track.
- Focus Track (Yes/No - Optional): Indicates if the track is a current marketing priority.
- Streaming Goal (Optional): Target number of streams the label wants to achieve.
Key Outputs and Interpretation:
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Predicted Daily Streams: K5 predicts daily streams for the next 7 days after the initial 3 input days. (Include a line chart visualization, like the one generated by Songbird, showing predicted vs. actual streams over time. Annotate the chart clearly.) Example: In the provided example output, the
prediction
field shows the predicted streams for each day (target_day), whileactual_streams
show the real streams from Spotify. Visualize this as a line chart inside the product. -
Upper and Lower Confidence Bounds: The model provides confidence intervals (“upper” and “lower” bounds) for each prediction, indicating the range within which the actual stream count is likely to fall.
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Velocity: Rate of change in streaming performance, indicating momentum. Higher velocity suggests faster growth. (If shown in the Songbird output, include an explanation and visual representation, perhaps a separate line on the chart showing velocity).
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Recommendations (If applicable): For selected labels, K5 includes specific marketing interventions and their estimated impact (“lift”) on streaming performance. These are shown in
Recommendations
section.
For example, running a TikTok influencer campaign has an estimated lift of 1,425,020 streams, while running press/PR only has an estimated lift of 300,000 streams, meaning it is likely to cause a lower lift in streams. (Include screenshot)
Limitations:
- Short-Term Scope: K5’s predictive accuracy diminishes beyond the two-week timeframe.
- Reliance on Initial Data: The model’s accuracy depends on the quality and reliability of the initial three days of streaming data.
- External Factors: Unforeseen events, changes in listener behavior, and competitive releases can influence actual streaming performance, causing deviations from predictions.
Example Scenario:
A label releases a new track and uses K5 to monitor its performance. After a few days, they observe that the track is underperforming compared to predictions. K5’s causal inference module recommends increasing investment in a specific marketing channel (e.g., TikTok influencer campaign).
The label implements the recommendation and observes a significant positive impact on streaming numbers, demonstrating the value of K5’s insights for real-time campaign optimization. After the initial two weeks, they switch to the K7 model for long-term performance forecasting and strategic planning.