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.