No false note. But no triumphal march. In 2018, the music market has certainly continued to rise in France for the third year in a row, but modestly. After the burst of 2016 (+ 5.4%) and 2017 (+ 3.9%), growth last year amounted to just 1.8%, according to the report drawn up by the Snep, the main trade union of the producers. The sales digital and CD or a vinyl has reached 591 million euros, compared with 583 million a year earlier.
“The turnover [of the sector] in 2018 is equivalent to 40% of the value of the market fifteen years ago”
it is the third consecutive year of growth after fifteen years of significant decline, it is still far from the peaks financial achieved by the sector at the beginning of the millennium. “The turnover in 2018 is equivalent to 40% of the value of the market fifteen years ago”, acknowledges Alexander Lasch, the director general of Snep. Suffice to say that the music is still in recovery.
” READ ALSO – Music: in France, the subscriptions are now weighing more than CD sales …