Germany’s record business generated $1bn in the first half of the year, up 5.5% YoY

That’s the number. The German record business generated $1 billion in revenue (€967 million) in the first six months of this year from the sale and streaming of physical music.

The total sales figure of 967 million euros (on a retail basis) marked a 5.5% increase year-on-year for the world’s fourth-largest recorded music market.

According to new figures, for H1 2022, published by the German Music Industry Association (BVMI) today (August 11), German sales are driven by audio streams.

Audio streaming grew 9.1% YoY in the first half of the year and now accounts for 73.3% of the total revenue of the recorded music market.

In the physical sector, which generates just under a fifth of total revenue (19.8%), CD sales fell 6.5% year-over-year.

However, that decline has slowed significantly compared to the same period last year. By mid-2021, CD sales were down 16.4% in Germany.

Meanwhile, vinyl sales continued to increase. Revenue generated by this format grew 12.3% YoY. Vinyl currently holds 6.2% of the record market share in Germany.

Vinyl is now Germany’s third-biggest recorded music sales driver, generating almost half that of CDs in the first half of 2022 (12.8%).

Overall, the German physical business currently generates just under a fifth of all recorded music sales (19.8%).

BVMI reports that 80.2% of Germany’s recorded music sales are now generated digitally, with downloads contributing just 2.4% of the total market (see below).

Last year, Germany’s record business sales top $2 billion (on a retail basis) for the second year in a row.

BVMI reported in March that the German market’s revenue from physical and streaming music sales generated a total of 1.96 billion euros ($2.2 billion), a 10 percent increase over the same period. previous year compared to 2020.

“Further growth in the first half of 2022 is very good news, considering the current situation.”

Dr. Florian Drücke, BVMI

Dr. Florian Drücke, President & CEO of BVMI, said: “Further growth in the first half of 2022 is very good news, given the current situation.

“At 5.5%, the curve is not as steep as it was at the end of 2021 with a truly outsized industry gain of 10% – however, the online audio and vinyl segments continue to grow. actively growing and the general trend towards the use of digital music, along with the continued importance of the physical segment, remains unbroken.

“The consistent advancement of the entire spectrum of formats, digital and analog, and the always new additional revenue streams that our member companies develop for and with their artists, ensure stable dynamism, even in difficult economic times.”Worldwide music business

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