The German Music Business Affiliation (BVMI) reviews €1.056 billion ($1.18B) in revenues for H1 2023.
Revenues from streams, CDs, downloads, and vinyl gross sales are up 6.6% in comparison with H1 2022. Bodily gross sales had been at an analogous degree as the identical interval and remained secure (-0.8%). CD gross sales had been down -4.1% in comparison with 2022 however nonetheless contributed 11.2% to 2023’s whole gross sales figures.
Vinyl instructions 6% of the full gross sales market. Collectively, CDs, vinyl, DVDs, and bodily singles generate beneath one-fifth (18%) of whole gross sales, whereas the digital market gained 8.4% and accounted for four-fifths of the market accordingly. Revenues from audio streaming continued to develop at 9.7% for H1 2023, whereas downloads declined by 4.9% in the identical interval.
“Music gross sales in Germany proceed to develop positively regardless of the economically advanced general scenario,” says Dr. Florian Drücke, Chairman & CEO of the BVMI. “For a few years now, streaming has been the well-known driver that has considerably elevated the market as an entire, the well-known pie, benefiting everybody concerned—corporations and artists alike.”
“Sadly, this circumstance is ignored within the present unbalanced debate concerning the streaming market. Simply because the entrepreneurial perspective is all too usually ignored, which in recent times has needed to adapt time and again to altering market circumstances and new gamers.”
“At this time, the way in which into the music market is actually open to everybody with functioning web entry; artists are free to decide on whether or not and in that case, which partnership and companies they need to use; accordingly, the cooperations between labels and artists are modular and extremely particular person within the case of a collaboration,” Drücke continues.
“On the identical time, it’s our member corporations who pay advances, which within the overwhelming majority of instances are usually not being recouped. This excessive entrepreneurial danger can also be part of coping with our trade’s realities and the roles of the respective companions out there.”