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Digital music revenue in Poland was higher than physical for the first time ever in the first half of 2020 and streaming has helped local talent – already big in Poland – to explode
Japan’s recorded music market lost 19% of value in the first half of 2020, despite an increase in digital revenue of 11% – but it was a drop that was expected, given the impact of COVID-19.
As in most countries, the nationwide lockdowns imposed in India to contain the spread of Covid-19 have had severe effects on the music industry there over the past six months. That’s not because India is a strong market for physical sales: at $132.8m, streaming accounted for 73.2% of the $181.4m Indian recorded music market in […]
As in most countries, the nationwide lockdowns imposed in India to contain the spread of Covid-19 have had severe effects on the music industry there over the past six months.
That’s not because India is a strong market for physical sales: at $132.8m, streaming accounted for 73.2% of the $181.4m Indian recorded music market in 2019.
Instead, it’s because the majority of the music consumed on Indian streaming services is from film soundtracks, the releases of which have largely been on hold since mid-March.
Surprisingly, the recorded music industry has been resilient. Listenership on audio streaming services grew by 40% yearon year in the first half of 2020, according to trade body the Indian Music Industry (IMI).
While the global pandemic has obviously been incredibly bad news for everyone in the music industry, for France’s digital music business, the timing could almost not have been worse, coming at a time when the country was finally emerging as a growing digital-led business.
COVID-19 is particularly impacting the performance rights income that makes up a significant part of the Argentinian music industry revenue… but streaming is serving as something of a silver lining.
A lack of reliable figures makes China a difficult music market to understand. Even so, its digital potential is vast.
Singapore’s digital music business is small but – relatively – thriving, with a large number of streaming services, a strong tech scene and a high conversion rate from free to premium streaming.
In a fast-growing region for recorded music income, Mexico has continued to shine, its impressive annual results showing continued growth and impressive numbers.
Israel offers unique challenges and unique opportunities to the global music business – a relatively small country with a strong tech culture, where music streaming has, perhaps, yet to really catch on
Finland’s digital music industry is in relatively good health after years of steady growth, although it lags behind its Nordic neighbours in terms of premium music subscribers.
The global music industry may be watching Sweden closely to see when the streaming pioneer will plateau, but the signs, pre-COVID anyway, indicates that Spotify’s home country still has potential for further growth.
