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Internet

French online music worth EUR 110 mln in 2011 - study

Tuesday 31 January 2012 | 10:24 CET | News
France's digital music industry grew by 25 percent to EUR 110 million in 2011, according to copyright holders' association SNEP. Downloads accounted for EUR 56 million of revenue, with subscription and streaming services accounting for most of the remainder. Download revenues grew by 18.4 percent compared to 2010. Streaming and subscriptions grew by 73 percent to EUR 39 million. Subscriptions services such as those from Spotify and Deezer grew by 89 percent to EUR 26 million. Mobile ringtones accounted for 13 percent of digital music revenues in 2011, down from 20 percent in 2010. Internet music growth was insufficient to offset falling sales of music on physical supports, down 11.5 percent to EUR 412 million, with the overall recorded music market falling by 3.9 percent in 2011. Based on figures from Nielsen and the IFPI, French P2P website users fell by 29 percent from 6.3 million visitors in October 2010 to 4.3 million in October 2011. The European and world average decreases were 9.6 percent and 8.7 percent, respectively, over the same period. The number of French visitors to legal music download sites rose by 19 percent to 47.4 million in 2011, compared to 39.7 million a year earlier.

Categories: Internet
Companies: Deezer / Spotify
Countries: France
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