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Posted inNews

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%.

Posted inNews

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%.

Posted inNews

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.

Posted inNews

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.

Posted inData, News

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.