French music streaming market grows 33% in first half

Saturday 13 September 2014 | 13:13 CET | News

French music streaming revenues, including video clips from YouTube, overtook download revenues in the first half, with streaming taking a 53 percent share of online music revenue, compared to 42 percent for downloads, according to music labels’ association SNEP. Subscriptions accounted for two-thirds of streaming revenue and over one-third of all online music. The share of mobile phone audio downloads slipped to 5 percent from 7 percent over the same period.

The study found that over 2 million French customers now subscribe to an audio streaming service. Streaming revenue rose by 33 percent to EUR 23.06 million in the first half at a time when France’s overall music sector saw its revenue decline by 9.2 percent to EUR 197.7 million in the first half, reflecting 13.6 percent drop in physical CD sales and, for the first time, an 18.5 percent contraction to EUR 27.3 million of downloads.

Separately, recording artists’ association Adami announced that the pay streaming market is an official market mainly driven by the Orange/Deezer agreement, which comes to term in 2015. Artists are nearly not remunerated and legal music download platforms are chocked out of the market. Streaming does not pay. It said that Fnac six months to only sign up 2,000 subscribers to the Fnac Jukebox service, and only 1,300 were pay customers.

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