PARIS, France (VIP-NEWS) — The French recorded music market grew its revenues by 3.9% in 2017, with total annual sales up €22m to €583m, marking the second consecutive year of growth.
According to data from SNEP, the rise is thanks to a 23% increase in money earned from streaming, which was up €46m year on year to reach €243m in 2017, counting for 41.6% of the market.
Of that figure, €203m was generated by premium subscriptions (83.5%) with €40m coming from ad-funded tiers.
Ad-funded grew at a faster rate of 33%, however, while subscription income rose 21%.
Subscriber numbers were up to 4.4m from 3.9m in 2016 in France.
Digital (including streaming) took a 49% share of the recorded music market, a small percentage of which (6%) is downloads, which dropped sharply by 18.6%.
Physical still counts for the majority of revenues with a market share of 51.2%, which was down 4.7% to €298m.
Vinyl is up for the sixth year in a row and represents 12.2% of the turnover of the physical market (7.3% in 2016).
The entire music market, which includes income from sync and performance rights, also rose 3.9% by €27m in 2017, totaling €723m.
Of that overall number, performance rights earned €118m or 16% after declining 1.7% from 2016.
Sync saw the biggest rise of 49.6%, earning €22m—just over 3%.
Physical has a 41% share and digital follows closely behind at 39%.
After experiencing a dip from 2013 to last year, when video streaming counted for 16% and then 7% of the streaming income market, it was on the rise again in 2017, up to 11%.