Midem attendance was down 7% compared to 2012 with the four-day event reporting around 6,400 attendees travelling to the Palais des Festivals last weekend.
Last year’s show reported a rise of some 2% on the previous edition and back in 2001, there were 10,000 delegates.
Despite the downturn, Bruno Crolot, music markets director Reed Midem, was upbeat about the future of the event. He said: "The overall ecosystem is still there, including the politicians, the main highlight I've heard is that the business was great this year.
“Many meeting were packed and business was happening. And the sun was out, after the terrible weather in 2012. It made a difference in the dynamic of this year's event."
Midem 2014 will be held January 25-28 at the Palais des Festivals, with Brazil chosen as country of honor.