Spain is the latest recorded music market with its first-half figures published, courtesy of industry body Promusicae.
Tag: Spain
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Spain’s recorded music revenues grew by 12.4% in 2022
Spanish music industry body Promusicae has published its annual figures for the country’s recorded music market.
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Unison files new lawsuit against Spanish collecting society SGAE
The collecting societies sector in Spain has a chequered history. SGAE was expelled from global societies body CISAC in 2019.
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Subscriptions now account for 55% of audio streaming in Spain
Spanish industry body Promusicae has published some figures for 2022, including the news that the number of music streams grew by 16%.
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Spanish 18 year-olds to receive €400 of ‘culture vouchers’ each
The Spanish government has revealed its latest effort to help the creative and cultural industries bounce back from Covid-19: the Youth Cultural Bonus.
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Spain has more than 4m paid music streaming subscribers
Although industry body Promusicae has warned that the country remains behind many of its neighbours in terms of streaming uptake.
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Posted inCountry Profile
Country Profile – Spain 2022
Spain’s recorded music market continues to grow – but worries remain over the take up of paid streaming and the spectre of piracy.
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Moonai launches its audio app that aims to tackle period pain
Spanish startup Moonai was one of our tips in our Startups Report last year before going on to be a finalist in the 2021 Midemlab startups contest.
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SGAE faces antitrust case after complaint from Unison
Private rights-management organisation Unison says it has successfully triggered a new antitrust proceeding against SGAE from the Spanish competition body CNMC.
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Music streams up by 23% in Spain as subscriptions grew
Spain is now a market dominated by streaming – it’s 85% of overall music consumption – and paid subscriptions are finally having an impact too.
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Spain recorded music revenues grew 22% in first half of 2021
New figures published by Spanish industry body Promusicae show a strong bounce back for the country’s recorded music market, after Covid-19 reined in its growth in 2020.
The body says that revenues grew by 22% in the first half of 2021 to nearly €170m, after growth of 4.4% in 2020. Streaming is more than 70% of those revenues, but there was growth in the first six months of 2021 for sales (up by 22%) and video streaming (up by 38%).
A separate Promusicae study outlines some of the dynamics at work in the Spanish market. The number of paid subscribers is “less developed than in other neighbouring countries”, with the popularity of ad-supported free streaming meaning that Spain generates “significantly less income per capita” for recorded music than other European countries.
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Spanish telco Telefónica launches its own music service
Ah, the age-old cycle of telcos launching their own music services, then shutting them down in favour of partnerships with third-party music DSPs, then launching their own music services again, […]