Collecting societies PRS for Music and SACEM teamed up for a presentation at the MAMA conference in Paris last Friday, comparing live and recorded music trends in the UK and France. The key finding: they’re very similar. Earlier this year, PRS’ Wallet Share study found that recorded music’s share of the consumer ‘wallet’ was stable from 1997 to 2001, but then went into decline just as broadband penetration reached critical mass. The new research finds a very similar tale in France, where live music is getting an increasing share of wallets, but where recorded music entered decline in 2002-03. PRS’ chief economist Will Page says the findings back up the importance of wallet share as a concept for the music industry to get its head around. Other findings from the new study: The UK has much larger [music] revenues per capita than France, where the Hadopi filesharing regime has yet to make a big impact. The study also hailed the ‘Guetta Effect’ that has seen French music exports to America almost double since 2004, thanks mainly to DJ David Guetta’s popularity there. Source: PRS for Music / SACEM
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