The Limited Times

Now you can see non-English news...

The music market stagnates in France

2021-03-16T18:13:51.496Z


Strong growth in streaming helped cushion the 20% drop in CD and record sales. Two rooms, two atmospheres. The French recorded music market played muted last year. Song sales generated € 781 million in revenue, barely 0.1% growth. Despite the dual health and economic crisis, in the United States, the music industry concluded 2020 on a fortissimo note. It saw its turnover jump 9% to $ 12.2 billion. This difference in tempo is directly linked to the configuration of each of t


Two rooms, two atmospheres.

The French recorded music market played muted last year.

Song sales generated € 781 million in revenue, barely 0.1% growth.

Despite the dual health and economic crisis, in the United States, the music industry concluded 2020 on a fortissimo note.

It saw its turnover jump 9% to $ 12.2 billion.

This difference in tempo is directly linked to the configuration of each of the two markets.

Across the Atlantic, streaming now represents 83% of the sector's revenues.

CD and record sales barely 9%.

The digital transformation of the sector is much more advanced there than in France, where CDs and vinyls still account for more than a quarter of turnover, against 60% for streaming.

Normal.

The national market is supported by a network of more than 4000 points of sale, which still covers the territory.

Read also: In the United States, vinyl sales surpass those of CDs

Another "

cultural exception

", the French are still

This article is for subscribers only.

You have 80% left to discover.

Subscribe: 1 € the first month

Can be canceled at any time

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All business articles on 2021-03-16

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.