The Spanish music trade grew nearly 12% throughout 2023’s opening half of, when streaming accounted for nearly 87% of revenue, according to newly released knowledge.
Productores de Música de España (Promusicae) reached out to DMN this morning with Spain’s H1 2023 recorded music trade stats. In step with essentially the most attention-grabbing helpful resource, the European nation of about forty eight million generated €214.3 million (currently $229.46 million) in recorded revenue throughout Q1 and Q2, up about 11.Fifty three% from H1 2022.
On the help of the H1 2023 sum, Promusicae pointed to €186.17 million/$199.34 million in streaming revenue (up 13.26% YoY), along with €156.97 million/$168.07 million from audio streams (up 15.54% YoY) and the remaining €29.20 million/$31.27 million or so from video streaming (up 2.4% YoY).
Predictably, given these figures and longstanding tendencies, downloads (€1.52 million/$1.63 million, down 8.05% YoY) and mobile offerings along with ringtones (€899,000/$962,716, down 20.88% YoY) slipped throughout the six-month interval, per the Madrid-basically based mostly group.
Transferring to the bodily side, Promusicae identified revenue of €25.73 million/$27.55 million (reflecting 2.4% YoY enhance), which resulted largely from a 6.32% YoY gross sales spike for vinyl and its €14.46 million/$15.forty eight million H1 2023 contribution to the Spanish music trade. CD gross sales got right here out to €11.04 million/$11.82 million (down 1.32% YoY), the breakdown reveals.
Rounding out the bodily class, the entity acknowledged €96,000 ($102,804) in music-video gross sales, besides €145,000 ($155,270) in revenue from varied sources. In an announcement, Promusicae president Antonio Guisasola touted the showing and took the synthetic to demand authorities “to come to a resolution once and for all to make stronger the Spanish recording trade.”
Doing so, the almost 22-One year Promusicae head indicated, will help the Spanish music trade to “rob the good momentum skilled by Latin music to consolidate its enhance in our country and in a international country.”
Someplace else in Europe, Bundesverband Musikindustrie (BVMI) in slack July revealed that Germany’s possess recorded music house had generated €1.06 billion ($1.14 billion) throughout 2023’s first half of, for a YoY improvement of 6.6%. Streaming made up 75.7% of the total, though vinyl collected managed to expose an very just appropriate 6% of the total market, per BVMI.
Italy’s trade handbook, for its fragment, disclosed slack remaining month that the nation’s recorded music market had grown 14.2% YoY, for €176.09 million ($188.56 million) in revenue, throughout H1 2023. Digital contributed 84% of the figure, and vinyl nonetheless performed a double-digit enhance, the Federazione Industria Musicale Italiana also relayed.
Most recently, the French music trade turn out to be once acknowledged to agree with pulled in €397 million ($425.11 million) throughout H1 2023 – up 9.4% YoY – with streaming representing 77% of the sum. Miley Cyrus’ “Flowers” racked up essentially the most streams of any music in France throughout the six-month stretch, SNEP specified.