The digital market accounted for 86% of revenue in the country last year, while vinyl continued to surge despite an overall downward trend in physical media.
Recorded-music revenue hit an all-time high in Spain last year, growing by double digits over 2021, reports Productores de Música de España , the association that represents 95% of the country’s recording industry.
In 2022, Spain’s recorded music market earned a total of 462 million euros , marking an increase of 12.4% over the 411 million euros in revenue achieved the year prior, Promusicae reported Monday . Eighty-seven percent of last year’s total revenue number — or 402 million euros — was generated by music sales, up 9.3% from 2021. The digital market accounted for nearly 86% of music consumed in Spain last year at 345 million euros , 98% of which, or 340 million euros , came from streaming. Meanwhile, physical sales, which generated 56 million euros in revenue, continued to decline despite growth in the vinyl market.
The Promusicae report also notes that revenue from intellectual property rights has been booming for record labels, increasing by 42% last year to 56 million euros . The report cautions, however, that the increase is distorted somewhat by a return to normal activity in sectors like hospitality and nightlife following pandemic-era restrictions.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Seriously, This Toyota 86 Needs To Stay Away From AutoZone | CarscoopsThe first gen of the Japanese coupe has a larger rear wing than even a McLaren Senna GTR
Lire la suite »
As Francis marks a decade as pope, what does it mean to be 86?The pope, who on Monday hits the 10-year mark in his pontificate, shows the potential of life at 86 in the modern world. He travels to conflict-torn countries, gives speeches to full stadiums and said he feels no reason to give up the job anytime soon.
Lire la suite »
2 Hempstead schools improve academic performanceThe graduation rates have gone up from below 40% to 86%.
Lire la suite »
Saskatoon police recorded $300K budget surplus for 2022The largest area of expense was staff compensation, including overtime. yxe
Lire la suite »
Missing teen’s phone mysteriously recorded video of murder suspectDylan Rounds is thought to have been dead when the images were captured.
Lire la suite »
Texas legislators want Texans to vote on ending daylight savingsTexas Senator Paul Bettencourt filed SB 2329 and SJR 86 to allow Texans to vote on ending a 'spring forward.'
Lire la suite »