Within the first half of 2024, German recorded music income elevated by 7.6% year-on-year.
That is based on market music trade affiliation BVMI, which revealed at the moment (July 23) that within the first six months of this 12 months, Germany produced EUR1.136 billion euros (roughly $1.23 billion), on a retail foundation, from music streaming in addition to gross sales of CDs, vinyl data and downloads.
Germany is the world’s fourth largest recorded music market, after the USA, Japan and the UK.
The important thing driver of development in Germany’s recorded music enterprise within the first six months of 2024 is audio streaming.
Income development from audio streaming in Germany in first half Annual improve of 12.7% and occupy 79.3% complete market quantity. In the meantime, obtain income fell 16% annual improve It solely accounts for 1.6% of the market.
Complete income from recorded music in bodily codecs falls Annual improve of 11.9% First half of the 12 months in Germany.
Income generated by CDs, % 8.1% The overall quantity of the German recorded music market will decline within the first half of 2024 A rise of twenty-two.5% in contrast with the identical interval final 12 months.
Recorded music income grows from German vinyl data Annual improve of 5.4% the primary six months of this 12 months. Vinyl report gross sales share 5.9% The nation’s recorded music market.
Germany’s bodily music enterprise, together with CDs, vinyl data, DVDs and singles – at the moment accounts for 14.7% Proportion of complete income of the German recording trade.
Elsewhere on the BVMI, in an announcement launched at the moment (July 23) alongside first-half figures for the German market, the group’s chairman and CEO commented on the trade’s present relationship with AI, and AI firms used music to coach their system utilizing copyrighted music.
De Luce argued {that a} “binding settlement” was wanted to stop artists’ works from being “sucked in and utilized by machines.”
“Nevertheless, particularly within the context of generative synthetic intelligence, it’s notably vital that we attain a primary and binding settlement that current content material conceived, produced and funded by people should not merely be absorbed and utilized by machines,” he stated. .
He added: “Our trade could be very clear: the aim is to construct partnerships. However whether it is used with out the consent of the rights holders and, most significantly, with out their participation in worth creation, we’ll Won’t settle for. So far as we all know, preliminary clarification course of [are being] Performed in the USA.
Final month, the three main U.S. music firms Sony Music Leisure, common music group and Warner Music Group Sued all music platforms Suno and Udio, accusing them of utilizing copyrighted songs to coach their AI with out permission.
In the meantime, the COPY Act not too long ago launched by a bipartisan group of U.S. senators might make it unlawful to make use of copyrighted materials to coach synthetic intelligence with out permission.
“The enchantment of streaming providers to music followers continues to develop.”
PhD. Florian Druc, British Virgin Islands
Dr. Florian Drücke, Chairman and CEO of BVMI, stated: “2024 is off to an excellent begin, with the trade producing a complete income of 1.136 billion euros within the first six months, a rise of seven.6% over the identical interval final 12 months.
Drücke added: “The enchantment of streaming providers to music followers continues to develop. Vinyl’s continued upward development exhibits that the bodily and digital worlds proceed to enhance and work together with one another.
German recorded music income hits euros 2.208 billion euros (on a retail foundation) grew in fiscal 2023 A rise of 6.3% in contrast with the identical interval final 12 months.
All EUR/USD conversions are primarily based on the European Central Financial institution’s common alternate charge for the related interval.
