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German music market dips 0.8% in H1 2014

Tom Pakinkis
Germany

Physical and digital music sales dipped 0.8% in the first half of 2014 in Germany.

Total revenues in the first six months of the year totaled 656 million Euros – down by 4 million Euros compared to the first half of 2013.

CD was down 3.6% year-on-year but still represents 65.6% of overall revenues.

Download revenue fell 7.1% but still managed a share of 26.5% of the market.

Subscription and ad-funded streaming revenue increase 77% with the format accounting for 7.7% of the market.

Vinyl also saw growth as it climbed 34.5% YoY, claiming 2.4% of the market.

"We're seeing a comparatively stable overall market development in Germany, with the CD continuing to play a decisive role," said BVMI MD Dr. Florian Drücke. "Unlike in other countries, consumption of music in Germany is shifting to the digital world at a more moderate pace."

Via: Billboard

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Tags: Labels, Publishing, Management, Digital, Talent, Germany

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