German music industry continues to grow
In the first six months of this year, the music industry in Germany achieved a total turnover of 967 million euros, an increase of 5.5 percent compared to the same period last year.
According to the German Music Industry Association (BVMI), audio streaming remains the strongest format on the market, accounting for 73.3% of total sales after further growth (9.1%). This means that 80.2 percent of revenues from music sales in Germany are now generated digitally, with downloads only contributing 2.4 percent to the overall market following a further decline in sales.
Although CD sales in the physical sector continued to decline (-6.5%), the pace has slowed considerably compared to the same period last year (-16.4%). Meanwhile, the sales curve for vinyl records continues to point upwards (12.3%). With a market share of 6.2 percent, it remains the third strongest market segment, generating almost half as much revenue as CDs (12.8 percent). Overall, the physical business still accounts for just under a fifth of total sales (19.8%).
