2023 Archives

The US Latin music market continued to grow in 2023

23/04/2024

The US Latin music market grew 16% over 2022, 14% above the previous peak in 2005, according to the RIAA, the American recorded music industry association. Total revenues of $1.4 Bn represented an all-time high share of overall US recorded music revenues of 7.9%, up from 7.3% in 2022. Streaming Streaming is the dominant choice of Latin music fans today, delivering more than 98% of total Latin music revenues. Overall, streaming revenue grew to $1.3 Bn, up […]

US music revenues grew for 8th consecutive year

26/03/2024

US music revenues grew for 8th consecutive year in 2023 up 8% to a record high of $17.1 Bn according to figures released by the RIAA. Streaming continued to be the biggest driver of growth with record levels of paid subscriptions, continued growth in ad-supported revenues and growing contributions from new platforms and services. Paid subscriptions continue to drive streaming growth Streaming continued to account for the great majority of recorded music revenues in 2023. Paid subscriptions, […]

Streaming now makes up 88% of Swiss music sales

11/03/2024

Streaming now makes up 88% of Swiss music sales with total sales of CHF 233.9 million in 2023, 5% more than in the previous year according to IFPI Switzerland. Music streaming services such as YouTube, Apple Music and Spotify grew to CHF 206.1 million (+8%) and now accounts for 88% of the overall market. Sales of downloads and physical recordings continue to decline. The moderate growth in vinyl that has continued since 2010 fell slightly […]

Dutch music industry grew 9% in 2023

08/03/2024

Dutch music industry grew 9% in 2023 with streaming being the main source of income according to NVPI Audio, the Dutch music industry association. In 2023, the total turnover of the Dutch music industry amounted to 299 million euros, an increase of 9% compared to 2022. Turnover from streaming music increased by 11% to almost 240 million euros. Sales of CDs and vinyl also grew, respectively 16.1 (+5%) and 38.2 (+3%) million euros. The growth is […]

German music sales continued to grow in 2023

07/03/2024

German music sales continued to grow in 2023 with revenue reaching €2.21 Bn – up 6.3% on 2022 according to the BVMI in recently released figures. The majority of sales, 81.5%, were generated from the digital business, which grew by 7.9%, driven by audio streaming (+8.4%), which now has a market share of 74.8%. The physical market (18.5%) remained stable (+0.1%) due to renewed significant vinyl growth of 12.6%. CD sales fell by 5.9% but still remains the second strongest […]

40.3% of Americans listen to podcasts regularly

31/01/2024

40.3% of Americans listen to podcasts regularly with a 12% growth in the number of listeners in the past 2 years according to Triton Digital. Triton Digital’s U.S. Year-End Podcast Report provides key insights into the growing US podcast landscape over the course of 2023. Key findings from the U.S. Year-End Podcast Report The number of monthly podcast listeners in the US has increased by 12% in the past 2 years. 40.3% of the US population are monthly […]

Spanish streaming increased 20.8% in 2023

23/01/2024

Spanish streaming increased 20.8% in 2023 with 87 Bn streams, up from 72 Bn streams in 2023 according to Promusicae, the Spanish recorded music industry association. Streaming continues to account for 87% of music consumption with paid subscriptions that currently accounting for 56% of the total consumption of audio streaming. These statistics confirm the recent IFPI report published in December 2023 which found that Spaniards listen to more music throughout the day, on average, than in other neighbouring countries consuming […]