H1 2020 Archives

Physical sales suffer during pandemic in France

02/11/2020

Physical sales suffer during pandemic in France declining by 36.8% largely offset by a 17.7% increase in streaming to give an overall rise of 0.4% in the first half of 2020 according to SNEP, the French recorded music industry association. The French music industry had a turnover of €279 million during the period and this slowdown in growth follows 3 consecutive years of growth. In common with other countries there has been a marked shift […]

US Latin music market grew 18.6% in first half of 2020

10/10/2020

The US Latin music market grew 18.6% in first half of 2020 with streaming accounting for 96% of this market according to the RIAA, the US recording industry association. During this period revenues from Latin music in the US grew to $296.1 million at retail value, the fourth consecutive year of double digit percentage growth. Latin music continued to grow its share of overall US music revenues to 5.2%. Total streaming revenues grew 20.3% to $285.2 […]

Music industry grows in Italy despite pandemic

26/09/2020

Music industry grows in Italy despite pandemic with streaming music subscriptions up 33% in first half of 2020 according to FIMI, the Italian music industry association. The lockdown has not stopped the enjoyment of music in Italy although this is increasingly driven by digital which now makes up 86% of all industry revenues. Of this, 82% is represented by streaming, which generated €68 million in the first six months of 2020. This is a significant leap compared […]

SOURCE: RIAA - US streaming revenues H1 2020

Streaming grows to 85% of music revenue in US

10/09/2020

Streaming grows to 85% of music revenue in US growing 5.6% to $5.7 Bn in the first half of 2020 according to the RIAA’s 2020 Mid-Year Music Industry Revenue Report. Streaming music grew to 85% of the market by value, compared with 80% the prior year. There were differences in trends between Q1 and Q2 of 2020, as retail store closures, tour cancellations, and other impacts of COVID-19 affected the music industry in many significant […]

Increase in streaming overcomes pandemic slump in Spain

09/09/2020

Increase in streaming overcomes pandemic slump in Spain with an increase in music sales of 4% in the first half of 2020 according to Promusicae, the Spanish recorded music industry association. The Spanish music industry has managed a 3.99% upturn in global sales, despite of the pandemic impact on the physical market, losing almost 45% of revenues as a consequence of closing of shops during lockdown. Revenues, according to figures compiled by the association (representing […]

German music industry continues to grow despite COVID-19

29/08/2020

German music industry continues to grow despite COVID-19 with a 4.8% increase in sales in the first half of 2020 according to the BVMI, Germany’s recorded music industry association. The industry generated a total of 783.7 million euros from audio streams as well as from the sale of CDs, downloads and vinyl in this period. This is 4.8% more than in the same period last year (H1 2019: 748.1 million euros sales after the full […]

Digital music sales in Italy hit 85% during pandemic

06/08/2020

Digital music sales in Italy hit 85% during the pandemic with streaming increasing from 60% to 80% of sales in the first half of the year according to FIMI, the Italian recorded music industry association. This unprecedented shift to digital music is the result of the lockdown in Italy and its effect on the Italian record market. Subscription revenues have also increased by 33% in the first half of the year. The trend in Italy […]