The French recorded music market grew 5.9% within the first half of 2024, pushed by double-digit development in paid subscription income, with French artists dominating the charts throughout the interval.
Based on information from business teams SNEP (this Nationwide Recording Publishing Group), the recorded music turnover within the first half of 2024 will attain 415 million euros ($449 million At half the typical change fee), streaming accounts for €328 million ($355 million) that.
Paid subscriptions accounted for the most important share of streaming income, with income €258.5 million ($279.5 million), or 62.2% accounts for all recorded music income. Paid subscription income rises Annual enhance of 11.3%the strongest development of any recorded music section.
Advert-supported streaming seems on 38 million euros ($41.1 million), up Annual enhance of 6.1%. Digital music income totals €332.7 million ($359.8 million), up Annual enhance of 9.6%.
“Nevertheless, these performances are usually not sufficient to compensate for the delay within the improvement of paid streaming in France,” SNEP stated within the report.
Bodily music gross sales decline Annual enhance of 6.8%arrive 82.5 million euros ($89.2 million), pushed by a Annual enhance of 13.2% CD gross sales drop, €37.8 million ($40.9 million). Vinyl gross sales maintain regular at 41.8 million euros ($45.2 million), up Annual development of 0.2%.
SNEP notes that that is the primary time for the reason that Eighties that vinyl report gross sales have exceeded CD gross sales.
“We’re seeing encouraging outcomes, however they need to be higher, particularly for streaming subscriptions, as we nonetheless want to succeed in a passable degree of maturity,” the SNEP chief government stated. Alexander Rush clarify.
“We’re seeing encouraging outcomes, however they need to be higher, particularly for streaming subscriptions, provided that we nonetheless want to succeed in a passable degree of maturity.”
Alexander Rush, SNEP
Rush stated he wish to see the federal government “redefine” the significance of music subscriptions within the nation’s “Tradition Move” scheme, an app launched by the French authorities that enables younger folks to attend quite a lot of well-located Cultural and creative actions and venues.
Whether or not as a result of authorities coverage or cultural shifts, home music more and more dominates the French recorded music market, reflecting developments in native music Can be seen in many European countries.
SNEP experiences that 16 of 20 The perfect-selling albums in France within the first half of 2024 had been all produced in France; 72% prime 200 The album is produced regionally. on the identical time, 15 of 20 Probably the most performed monitor is in French.
Nonetheless, international superstars have not been fully pushed out of the French music scene. SNEP states Taylor SwiftThe Eras tour, which stopped in France within the first half of the yr, “created an actual craze in all places” [her] music.
SNEP notes that many different worldwide stars making a significant impression within the first half of 2024 are ladies, together with billie eilish, ariana grande, Dua Lipaand beyonce.
interval, 130 Album will get licensed, provides 20% annual enhanceSNEP stated. These embrace 73 Gold certification; 54 Platinum, Double Platinum or Triple Platinum certification; one Diamond certification; and two Double Diamond certifications.
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