H1 2021 Archives

US Latin music market grew 37% in first half of 2021

18/10/2021

The US Latin music market grew 37% in first half of 2021 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 $407 million and represents 5.8% of the total US music market. Paid music subscriptions continued to be the biggest driver of Latin music revenue growth. Revenues from paid subscriptions grew 41% to $279 million, accounting […]

Music sales in Spain grew by 12.4% in first half of 2022

Music sales in Spain increase by 22% in first half of 2021

09/10/2021

Music sales in Spain increase by 22% in first half of 2021 with physical sales recovering but not to pre-pandemic levels according to Promusicae, the Spanish record industry association. Spaniards spent almost 169.2 million euros in consuming music, both in digital and physical formats that represents a 22.3% increase compared to the same period of 2020 (138.3 million euros) – a time marked by the start of the pandemic, the preventive closure of non-essential shops […]

Paid subscriptions drive US streaming growth

14/09/2021

Paid subscriptions drive US streaming growth, up 27% in the first half of 2021 versus the prior year, from $5.6 to $7.1 billion at retail value. Figures released by the RIAA show that paid subscriptions continued to be the strongest contributor to growth, comprising nearly two-thirds of total revenue, and more than 80 million paid subscriptions for the first time. At wholesale value revenues rose 25%, from $3.7 billion in 1H 2020 to $4.6 billion […]

Italian record industry grows 34% in the first half of 2021

08/09/2021

Italian record industry grows 34% in the first half of 2021 with streaming subscriptions growing by 41% in the same period. According to Deloitte data commissioned by FIMI, the Italian recording industry association, streaming subscription growth continues a trend that began in 2020 with a strong general shift of consumers towards subscription services. After a complex 2020 in terms of access to retail outlets and distribution caused by the pandemic, the physical segment has also […]

Streaming makes up almost 80% of German music sales

13/08/2021

Streaming makes up almost 80% of German music sales turning over €903.8 million in the first six months of 2021, an increase of 12.4% over the same period last year. This is according to figures released by the BVMI, Germany’s recorded music industry association. The strongest format on the market remains audio streaming, whose share of total sales is now 70.6% after further growth (+19.9 %). Downloads contribute only 3.3% to the total market after […]

83% of French album sales are locally produced

30/07/2021

83% of French album sales are locally produced with 166 French productions out of the 200 best-selling albums in the first half of 2021 according to SNEP, the French music industry association. Topping the list was Les Enfoirés with 350,000 album sales followed by SCH and Damso. Young talent figured prominently alongside established artists with 31 young artists achieving a first album in the Top 200, 26 of which were produced in France. This pattern was also reflected […]

US music industry grew 13.5% in first half of 2021

14/07/2021

US music industry grew 13.5% in first half of 2021 according to the MRC Data Midyear Report US 2021 published in collaboration with Billboard magazine. This was led by a 15% i increase in on-demand audio streaming during the time period, while vinyl continued its hot streak of 15 consecutive years in year-over-year sales growth with a 108.2% increase in total vinyl sales. For the first time at the midyear point in MRC Data’s history […]