The music market in France generated EUR 781 million (approx. USD 883 million) in 2020, which corresponds to an annual growth – albeit very small annual growth – of only 0.1% in the pandemic year.
The results, which include total revenue for physical and digital sales, neighboring rights and synchronization, were released this week by the French retail organization SNEP.
According to SNEP, physical and digital sales combined (excluding neighboring rights and synchronization) increased 4% to EUR 658 million (USD 744 million).
That returned that physical / digital number to 2008 levels, but still accounted for only 46% of the highest sales of 2002 in the world’s fifth largest music market.
A closer look at the 2020 sales figures for France reveals that total physical sales decreased 20% from EUR 230 million (USD 258 million) in 2019 to EUR 184 million (USD 208 million) last year, when the record dealers closed due to the pandemic.
Neighboring rights revenue also declined 19% from EUR 124 million ($ 139 million) in 2019 to EUR 101 million ($ 114 million) last year, while Sync revenue decreased by EUR 24 million ( $ 27 million) in 2019, down 10% to EUR 22 million ($ 25 million) last year.
In better news, music streaming sales in France reached EUR 453 million (USD 511.89 million) in 2020, an annual growth of 20.6% year over year.
Music streaming represented 69% of total sales in France and 96% of all digital sales in 2020.
In particular, paid subscriptions to music streaming services were a major growth driver in France over the past year.
There were 8.7 million paid subscriptions in the country in 2020, up from 7.2 million in 2019 and 5.5 million in 2018.
These paid subscriptions were up 23% year over year and accounted for 78% of total streaming revenue.
According to the SNEP, 30% of the French population or 20 million people use audio streaming, an increase of 33% compared to 2019.
In France, the volume of records sold and the income from them has quadrupled since 2015.
Last year around 4.5 million records were sold, which corresponds to a turnover of 51.1 million euros.
Last year (and for the third year in a row) 19 of the country’s top 20 albums were produced in France and performed in French.
French rap and urban music made up half of the country’s top 200 albums in 2020.
According to SNEP data, Vitaa and Slimanes Versus was the largest album of all formats in France last year.
“In the face of a global crisis, French producers have tirelessly pursued their task of developing, supporting and promoting French recording artists who have not been on the stage for more than a year.”
Alexandre Lasch, SNEP
Alexandre Lasch, Director of SNEP, said: “In the face of a global crisis, French producers have tirelessly pursued their task of developing, supporting and promoting French recording artists who have not been able to perform on the stage for over a year.
“In these uncertain times, the French music industry continued to take risks. In 2020, more than 300 million euros were invested in new signings, productions, recordings, marketing and all other promotional materials that had to be adapted to the restrictions imposed by the global health situation ”.Music business worldwide