News Formal

Spain’s Recorded Music Market Continues to Boom With 12.3% Revenue Growth in 2023

  • 📰 billboard
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 63%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

In Spain's recorded music market, revenue was up 12.33% in 2023 — according to the new annual report by Promusicae.

Promusicae has released the third edition of its annual report on the state of the recorded music industry in Spain. The report reveals that revenue from recorded music in Spain saw a significant increase of 12.33% in 2023, earning 520 million euros and surpassing the average growth rate seen in neighboring countries. This increase was driven primarily by streaming, which accounted for nearly 77% of the sector’s total revenue.

The average music consumption is 22.1 hours per week per person, above the global average of 20.7 hours.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 112. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Music Investment Platform JKBX Says Yields on Over Half of Its Available Songs Jumped in 2023The JKBX music investing platforms says 2023 yields were up, while OneRepublic earned the most for its song 'Counting Stars.'
Fonte: billboard - 🏆 112. / 63 Leggi di più »