H1 2024 Archives

French music sales grew 5.9% in first half of 2024

28/10/2024

French music sales grew 5.9% in first half of 2024 compared to the same period last year according to figures released by SNEP, the French music industry association. Total sales were €415 million with physical sales down 6.8%% and digital sales up 9.6%. The volume of downloading remains stable but marginal with barely more than 1% of total turnover. First half of 2024 highlights Physical sales are falling again (-6.8%) after a cyclical surge in the first half of 2023. […]

Music sales in Spain grew by 16.6% in first half of 2024

14/10/2024

Music sales in Spain grew by 16.6% in first half of 2024 with vinyl LPs continuing to outsell CDs according to Promusicae, the Spanish record industry association. Spaniards spent €249.8 million on music consumption, both in digital and physical formats that represents a 16.6% growth for the Spanish music industry, compared to the same period of 2023 (€214.3 million). Total music sales for the period were €224.15 million euros with digital consumption making up 89.7% of […]

US Latin music grew 7% in first half of 2024

14/10/2024

The US Latin music market grew 7% in first half of 2024 with 98.7% being digital according to the RIAA, the US recording industry association. During this period revenues from Latin music in the US grew to a record high of $685 million and represents 7.9% of the total US music market up from 7.5% in the first half of 2023. Paid streaming subscriptions contributed more than two-thirds of total revenues and added more value than […]

US recorded music revenues up 4% in first half of 2024

05/09/2024

US recorded music revenues up 4% in first half of 2024 generating $8.4 Bn at estimated retail value according to the RIAA. The number of paid subscriptions grew to a record high of 99 million, with revenues up 4% to $5.7 Bn and accounted for 78% of the first half total. While paid subscriptions contributed nearly two-thirds of the added value in this period, vinyl shipments accelerated faster than any other major music format at 17%. […]

Local music continues to dominate Italian charts in first half of 2024

31/07/2024

Local music continues to dominate Italian charts in first half of 2024 according to FIMI, the Italian recorded music industry association. The Top Ten Albums and Singles are all Italian and are on track to make this the fifth year in a row that this has happened. After 5 consecutive weeks at the top of the weekly chart, Icon by Tony Effe leads the Album chart (physical + download + free & premium streaming) with I nomi del diavolo by Kid Yugi […]

German music streaming sales grew 12.7% in first half of 2024

23/07/2024

German music streaming sales grew 12.7% in first half of 2024 according to the BVMI, Germany’s recorded music industry association. Total sales were €1.136 Bn, an increase of 7.6% compared to the same period last year (H1 2023: EUR 1.056 billion according to the full-year financial statements for 2023). Demand for physical media fell significantly by 11.9%. CDs (-22.5%) still contributed 8.1% to total sales, while vinyl achieved a market share of 5.9% following renewed growth […]

Global streaming volumes grew 15.1% in first half of 2024

19/07/2024

Global streaming volumes grew 15.1% in first half of 2024 according to a recent report from Luminate, the entertainment data and insights company that powers Billboard Charts. Growth in US streaming was up 8% on this time last year with growth in all core genres, led by Latin music. Physical music continued to be popular with key new releases from the likes of Taylor Swift, Beyoncé and Billie Eilish, the first half of 2024 saw an organic […]