Music sales in Spain increase 6.2% during first half 2014
Spanish music industry reaches this year’s equator with encouraging numbers, according to 2014 H1 sales figures published today by Promusicae, association that gathers most of Spanish music producers. After years of accumulated drops in the annual sales volume, music fans in Spain have succeeded to reverse that trend for the first half 2014.
Invests in recording music, in all physical and digital formats, rose in the first semester by 58.08 million euros, a 6.2% increase compared to the figure seen in the same period 2013 (54.68 million).
The improvement is still modest for a sector that has seen a business turnover dramatically dropping, by 80%, over the last 13 years. However, 2014 figures are rising in physical formats as well as in digital consumption.
Sales of CDs and other physical formats (mainly vinyl and DVD) represent 32.1 million, 6.5% increase compared to 2013’s 30.1 million. The evolution is quite similar in the digital area, with a rise of 5.85% (24.5 to 25.9 million). Consequently, the share between physical and digital markets remains at an almost identical proportion of 55/45.
Global figures show that streaming represented 18.9 million euros turnover during 2014 H1, exactly 14% higher than in 2013 H1 (16.5 million).
From 400,000 to 1 Million streams
It is now the first anniversary of
Promusicae streaming chart, firstly released on 10th July 2013. 400,000 weekly streams were needed then to reach Top 1, while today’s number 1 song, Bailando (Enrique Iglesias feat. Cuban Descemer Bueno) has been exceeding for several weeks one million clicks.
The boom of streaming partially offsets a worse performance of other modalities that seem to lose fuel. Mobile related products (such as ring tones and ring back tones) decreased by 20% and today account to only 729,000 euros.
Downloads of digital songs, albums and videos (through services such as iTunes, for instance) also dropped 9% and set a 6.3 million euro business volume.
More here:
http://www.promusicae.es/news/view/3...irst-half-2014
