Wednesday, 15 July 2015

Good news for the German, Italian and Swedish recorded music markets

The income of Germany's recorded music market grew 4.4% year-on-year in the first half of 2015. That was mainly driven by a whopping 87% rise in streaming subscription revenues, which easily offset a decline in CD album sales. Download sales also increased.  Germany’s record industry, the world’s third-biggest music territory behind the US and Japan, accrued €686m in the first half of 2015.

The income of Sweden's recorded music market rose 4.2% in the first six months of 2015 - with streaming growing once again to claim 83.9% of revenues. According to new data from IFPI Sweden analysed by MBW, the market's recorded music turnover in Jan-June this year stood at 507.5m SEK (€54.6m), up from 486.9m SEK in H1 2014 (€52.4m).

The income of the Italian recorded music market jumped up 22% in the first half of 2015, according to new figures published by Deloitte. The total revenues of the region stood at €65.55m, compared to €53.61m in H1 2014. A strong release schedule by local pop artists helped lift the total physical market by 22% to €37.3 million. Digital revenues increased 37% to €21.18m, with download sales up by 6% to €10.82m. Streaming, increased its year-on-year H1 income by 37%, up to €17.36m.

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