France’s recorded music industry recorded its sixth consecutive year of growth in 2022, according to figures published this week by industry body SNEP.
Yadeck turns French rappers into NFT-driven digital card game
It’s a fun spin on the idea of digital collectibles: an online game that involves building decks of digital cards based on French rappers.
French deal sets minimum streaming royalties for musicians
Something significant is afoot in France, via an agreement between labels body SNEP and producers organisation SCPP.
UK and France saw double-digit recorded music growth in 2021
The IFPI is launching its annual Global Music Report (GMR) on 22 March, which is when we’ll get to see what kind of growth the recorded music industry saw in 2021.
Believe revenues up 33%, but it has fallen out with SNEP
Having gone public earlier this year, distributor Believe will be providing quarterly updates on its business. The latest came yesterday with its figures for the first half of 2021, during which its revenues grew by 33% year-on-year to €260m (around $306.6m). 91% of those revenues came from digital sources.
The company breaks down its figures into two services: ‘premium’ and ‘automated’ solutions – the latter being TuneCore. Premium solutions revenues grew by 34% to €243m in the first half of this year, while automated solutions revenues grew by 17% to €17m.
Believe recorded an operating loss of €14m in the first half of this year. For 2021, it is predicting that its revenues will grow by at least 23%.
France’s music market grew by 0.4% in first half of 2020
Industry body SNEP has published its figures for France’s recorded music market in the first half of 2020. It reveals a 0.4% year-on-year growth in revenues to €279m, a notable slowdown from the increases in recent years.
And of course, it’s Covid-19 which is the main reason. The trend follows that of other markets: streaming revenues grew by 17.7% despite the pandemic, while physical sales fell sharply by 36.8%.
SNEP noted that the first half of the year is usually only around 40% of the annual market in France, expressing the hope that the year as a whole will see bigger growth than 0.4%.
France now sees 1bn audio music streams every week
France is the latest major market to publish its recorded music sales numbers for the first half of 2018, with the headline news being that on-demand streaming grew 39% from the opening six months of 2017 and now makes up 56% of the total market.
Recorded music trade body SNEP reports that there were 27bn streams on audio-streaming services in the first half of this year, up 33% from the 19.4bn in the first half of 2017.
That means more than 1bn audio streams a week in France now, a symbolic milestone, up from 750m in H1 2017 and double the 500m recorded in H1 2016. Back in H1 2014 there were only 173m streams a week.
French market slips 2.3% with digital now 55% of music revenues
New figures published by French industry body SNEP show that digital is now the biggest part of the French recorded music market. In the first six months of 2017, it accounted for 55% of recorded music revenues in the country.
Unlike in other major territories, streaming is not yet managing to counter the physical and downloads decline. While the French market was worth €189.5m in the first half of this year, that was a fall of 2.3% from the €193.9m in H1 2016. While streaming revenue was up 27.3% to €87.5m, the physical market tumbled 18.2% to a value of €85.1m.
Audio streams were up 55% in France in 2016 says SNEP
French industry body SNEP will not publish its full figures for 2016 until the end of February, but it has given a hint at one of the trends they will reveal in an early estimate released yesterday. “The French market is returning to significant growth for the first time in 15 years,” reported SNEP in its statement.
“The strong growth in streaming revenues alone is driving this virtuous dynamic, thanks in particular to the growth in revenues linked to subscriptions.” SNEP also reported that French people listened to more than 28bn songs on audio-streaming services in 2016, up 55% year-on-year.
SNEP reports ‘spectacular’ streaming growth in France
French music body SNEP has reported half-year figures and hailed the “spectaculaire ascension” (translating that phrase should be easy enough) of music-streaming.
SNEP knocked back in push for piracy search filters
Search engines like Google and Bing will not be forced to automatically block results for searches with music artists and the term ‘torrent’.
Streaming in France up 36%
New figures from SNEP show that streaming was up 36% in the first half of the year compared to the same period in 2014. A total of 7.5bn tracks were […]