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The H1 recorded music income numbers are in for France, the world’s fifth-largest music market.
In accordance with a brand new set of information printed by the nation’s trade physique SNEP, France generated recorded music revenues of €364 million within the first half of 2022, with the market rising 8.2% YoY.
In financial phrases, France’s 8.2% recorded music income development represents a €27 million improve versus H1 2021.
In accordance with SNEP’s H1 report, printed on September 27, recorded music trade revenues in France reached €337 million again within the first half of 2021.
That H1 2021 income haul was up 20.7% YoY, which, in financial phrases, was up by €57 million.
In different phrases, the scale of YoY development seen in France in H1 2022 was lower than half the scale of the YoY development seen within the nation’s recorded music market in H1 2021 (see under).
Taking a deeper have a look at France’s H1 recorded music income knowledge reveals that streaming was the largest development driver within the first half of the yr, accounting for 76% (€282m) of complete revenues out there.
General revenues from streaming (together with premium, ad-supported and video streams) grew 14%, or by €36 million YoY in H1 2022, from €246 million in H1 final yr.
Revenues from premium, subscription-based streams grew 12.8% YoY to €211.5 million, and accounted for 58% of complete revenues, versus 56% within the first half of 2021.
Advert-supported streams, in the meantime generated revenues of €28.1 million in H1 2022, up 10%, or €2.7 million versus H1 2021.
Elsewhere out there, SNEP notes in its report that it noticed a major improve in revenues from video streaming, which grew 37.6% YoY.
Revenues from video streaming accounted for 10% of total revenues out there for the primary time.
Bodily revenues in France, in the meantime, which command a 22% share of the recorded music market, declined 8.7%, from €90.4 million in H1 2021, to €82.5 million in H1 this yr.
Regardless of this drop in bodily music income, SNEP stories that vinyl gross sales grew 15% YoY.
France’s H1 outcomes comply with a yr (2021) during which the world’s fifth-largest music market noticed its recorded music prime $1 billion (€861 million), representing 14.3% YoY development and marking the fifth consecutive annual improve for the market.
France’s double-digit development in 2021 eclipsed the 0.1% improve seen by the market in 2020 (the pandemic yr), when the market generated €781 million ($891m).Music Enterprise Worldwide
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