French Music Streaming Grows in First Half of 2019

France’s local music publishing trade organization SNEP reports that music streaming revenues in France grew 28.3 percent over last year in the first six months of 2019 reaching $195 million.

According to IFPI data, France last year was the world’s fifth largest market for label and artist revenue, but, with a 15% decline in physical format sales, overall revenues only grew by a 1.4% versus 2017.

According to SNEP, growth was largely due to a rise in paid-subscription music streaming revenues, which increased by 25% to $154 million compared to H1 2018.

Physical format revenues declined 4.26% year-on-year, while download revenues fell by 21.8%. But neither of these reductions were enough to prevent streaming bringing France’s recorded music market’s revenues up 12.7% year-on-year at the midyear point.

Labels and artists generated some $35 million more across all formats in the first six months of 2019 in France than they did in H1 2018.

Source: SNEP