Germany's recorded music growth basically just kept pace with inflation after the market's expansion rate nosedived from 7.2% down to 2.3%.
German recorded music hits EUR 2.42 billion
German recorded music hits EUR 2.42 billion
- Revenue climbed only 2.3% compared to 7.2% prior.
- That converts to roughly $2.73 billion in USD.
- GDP grew a measly 0.2% after two recessionary years.
- Inflation sat at 2.2%, nearly matching the revenue bump.
- Streaming revenue grew 4.1% to hit EUR 2 billion.
- That category alone represents 84.4% of total revenue.
- Digital formats overall grabbed 85.8% of the market.
- BVMI's Dr. Florian Drücke called growth solid regardless.
- Physical revenue dropped 5.9% to EUR 345 million.
- CD sales tumbled 11.3% to roughly EUR 175 million.
- Vinyl grew 2.8% and now claims 44.2% of the physical share.
- Physical revenues have shrunk by two-thirds since 2015.
- British recorded music grew 4.2% to GBP 2.45 billion.
- UK streaming subscription growth only matched inflation at 3.2%.
- Physical sales surged 11.5% across the channel, though.
- Vinyl revenue jumped 18.5% in Britain versus 2.8% in Germany.
- Drücke flagged AI penetration across every industry segment.
- Attention competition keeps intensifying from AI-generated content.
- Strong copyright protections remain a priority for BVMI.
- Sync licensing offered a bright spot, growing 7.2% yearly.