Solid development of the music market
According to the half-year figures published by the German Music Industry Association (BVMI), the market for music recordings in Germany continues to develop very solidly.
As announced by the German Music Industry Association (BVMI), sales of streams, CDs, downloads and vinyl totaled 1.056 billion euros from January to June inclusive, an increase of 6.6 percent compared to the same period last year (H1 2022: 990 million euros according to the full-year financial statements for 2022). Demand for physical sound storage media was at a similar level to the same period of the previous year and thus remained stable (-0.8%). CDs (-4.1%) contributed 11.2% to total sales, while vinyl achieved a market share of 6.0% following a renewed growth spurt of 6.3%. And contrary to the long-term trend, sales of DVDs/Blu-rays rose slightly (+0.9%).
Together, CDs, vinyl, DVDs and singles still account for almost a fifth (18.0%) of sales, while the digital market, which gained 8.4%, accounts for a good four-fifths. While revenue from audio streaming increased by 9.7%, downloads fell by 4.9%.
