France’s file enterprise grew 8.2% to €364m in H1, however progress slowed on the planet’s fifth largest music market

The H1 recorded music income numbers are in for France, the world’s fifth-largest music market.

In accordance with a brand new set of information revealed by the nation’s trade physique SNEP,  France generated recorded music revenues of €364 million within the first half of 2022, with the market rising 8.2% YoY.

In financial phrases, France’s 8.2% recorded music income progress represents a €27 million enhance versus H1 2021.

In accordance with SNEP’s H1 report, revealed on September 27,  recorded music trade revenues in France reached €337 million again within the first half of 2021.

That H1 2021 income haul was up 20.7% YoY, which, in financial phrases, was up by €57 million.

In different phrases, the dimensions of YoY progress seen in France in H1 2022 was lower than half the dimensions of the YoY progress seen within the nation’s recorded music market in H1 2021 (see beneath).

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Taking a deeper take a look at France’s H1 recorded music income knowledge reveals that streaming was the largest progress driver within the first half of the yr, accounting for 76% (€282m) of complete revenues out there.

Total revenues from streaming (together with premium, ad-supported and video streams) grew 14%, or by €36 million YoY in H1 2022, from €246 million in H1 final yr.

Revenues from premium, subscription-based streams grew 12.8% YoY to €211.5 million, and accounted for 58% of complete revenues, versus 56% within the first half of 2021.

Advert-supported streams, in the meantime generated revenues of €28.1 million in H1 2022, up 10%, or €2.7 million versus H1 2021.

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Elsewhere out there, SNEP notes in its report that it noticed a major enhance in revenues from video streaming, which grew 37.6% YoY.

Revenues from video streaming accounted for 10% of total revenues out there for the primary time.

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Bodily revenues in France, in the meantime, which command a 22% share of the recorded music market, declined 8.7%, from €90.4 million in H1 2021, to €82.5 million in H1 this yr.

Regardless of this drop in bodily music income, SNEP experiences that vinyl gross sales grew 15% YoY.

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France’s H1 outcomes observe a yr (2021) wherein the world’s fifth-largest music market noticed its recorded music prime $1 billion (€861 million), representing 14.3% YoY progress and marking the fifth consecutive annual enhance for the market.

France’s double-digit progress in 2021 eclipsed the 0.1% enhance seen by the market in 2020 (the pandemic yr), when the market generated €781 million ($891m).Music Enterprise Worldwide