According to IFPI data, the recorded music revenue of France grew by just 1.4% in 2018 but figures published by industry body SNEP reveal that the first half of 2019 has been much better.
According to the report by SNEP, out of France’s top 200 best ‘selling’ albums in H1 2019, 160 were by French artists. (That’s ‘selling’ as in, a combination of actually selling units, plus an ‘equivalent’ formula reflecting these records’ paid streams.) This underlines the rise of domestic hip hop acts in the country.
SNEP says that 40% of the Top 200 albums in H1 2019 could be described as ‘French urban’ music and records described as ‘Rap Francais’ claimed 50% of the Top 10 biggest albums in the period.
Overall recorded-music revenues grew by 12.7% year-on-year in France in the H1 2019 to €277.2million and streaming revenues grew by 28.3% year-on-year to €175.3million ( more than 63% of the market).
SNEP’s Director-General Alexandre Lasch said, “Audio streaming subscriptions are now the major source of value creation in our market. However, France still has less than 6 million subscribers and the room for improvement remains considerable to transform this early growth found in a sustainable model.”
This growth was huge because of the rise in subscription/paid-for streaming revenues, which increased by 25% to €138.1million ($154million) compared to H1 2018.
Physical sales were down 15% in 2018, but only by 4.3% in the first half of 2019 whereas download revenues fell by 21.8%.
Labels and artists generated around €31.2million ($35million) more across all formats in the first six months of 2019 in France than they did in H1 2018.
Deux Frères by PNL is the top album in France in 2019 so far. The duo recently signed a wide-ranging partnership with Apple Music. Deux Frères attracted over 113,000 sales equivalents in its first week on the French chart in April, going to No.1 and staying there for five weeks. Since its release to the end of June, Deux Frères ‘sold’ (sales plus streaming equivalents) 264,300 units in France.
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