The German music market is thanks to new Internet services growing faster than expected last year. The total turnover of the sector increased by 4.6 percent to 1.55 billion euros, as the Federal Association of Music Industry (BVMI) announced on Thursday. In preliminary calculations, in January, he still came from an increase of 3.9 percent. Here, business with streaming music did – in which the songs through services like Spotify, Apple Music, Deezer or Napster can be played directly from the network – more than doubled with an increase of 106 percent. It now accounts for 14.4 percent of total revenues.
The CD provides despite a decline of 4.2 percent remains for the bulk of the business. Your revenue share was in 2015 still at 60.8 percent, the sales go but steadily. Downloads lay with a revenue share of 15.6 only marginally above the streaming revenue.
German market is growing third year in a row
In Germany, sales thus rose last year for the first time since 2009. over the mark of 1.5 billion euros. Turn of the century the business was still over a billion euros more.
For the German music market, it is the third consecutive year of growth. Here the pace is increasing: in 2013 there was the first plus after 15 years with narrow 1.2 percent, the following year it was 1.8 percent
The record lives
. sector, whose business has been hit hard by the spread of digital copies over the Internet, hopes to have a sustainable growth through streaming services. For 2020, growth is forecast to sales of around 1.7 billion euros, mainly thanks to increasing use of streaming
The Renaissance of the record as a niche service continues. Vinyl grew with an increase of 30.7 percent although believed not quite as strong as in the extrapolation, but now makes from 3.2 percent of total revenue. Last year the record brought an even 2.6 percent of industry revenues for 2015 BVMI had initially calculated an increase to 3.3 percent. (AP)
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