The recorded music market is suddenly looking tired. Poor numbers out of France follow declining digital sales in the U.S. and weak first-quarter numbers in Japan.
French recorded music industry group SNEP has revealed that total revenues were down 6.7% in the first four months of the year. A 7.3% decline in physical revenue combined with a 5.2% decline in digital revenue. This period marks the first time the French market has seen a decline in digital revenues, according to SNEP.
SNEP attributes nearly all the digital revenue decline to “a special operation” by a major label that was not renewed in 2013 and a temporary cessation of YouTube payments following a deal with SACEM. In the absence of these two factors, the year-over-year decline in digital revenues would have been 100,000 Euros, or 0.3% of digital revenue, according to SNEP.
Read the full story: Billboard