STOCKHOLM, Sweden (VIP-NEWS) — Revenues in the Swedish music industry across records publishing and live performance, reached 9.2 billion kronor in 2015 – a 13% increase from the previous year.
The largest share of revenues, 4.8 billion kronor ($540m), came from the concert market last year – accounting for about half of the industry’s total income.
The 14 percent increase in concert revenues was the largest year-on-year jump since Musiksverige started collecting data on the revenue developments back in 2007.
Since 2010, Musiksverige has developed and presented statistics showcasing the financial performance of the Swedish music industry in the form of revenue generated via legal distribution channels within domestic and export markets.
The report analyzes trends within the Swedish music industry based on copyright revenue (licensing), revenue from recorded music and concert revenue.
Copyright revenue [licensing], which is the next biggest share of total music industry revenue, generated 2.3 billion kronor ($260m), an increase by 7%.
Music sales were up 12 percent to 2 billion kronor ($230m).
Yet concern continues over the ‘superstar economy’ and what it means in the market for up-and-coming artists/songwriters.
“We’re trying to strengthen local acts that have an increasingly hard time reaching listeners who now consume music through popular playlists dominated by international acts,” says Linda Portnoff, head of Musiksverige.
“Our mission is to work to create the best possible conditions for a sustainable future for Swedish music. That involves, among other things, a deep respect for creator’s rights and a better venture capital and financing structure for small and medium-sized companies”, says Portnoff.