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Streaming has 83% share of Norway’s music market (H1 2016)

Norway H1 2016IFPI Norway released financial results for the first half of 2016, another banner report for streaming. The nation posted total music sales growth of 7.8% to 333 million kroner ($40.3 million). Streaming now holds a 83% share of that total, generating 278m kroner ($34.6 million) in the period. Streaming’s share rose 3% on-year and the income increased 30 million kroner over the first half of 2015.

Physical sales and vinyl sales also posted improved results for the period. Physical sales rose 3 million kroner to a total of 43 million kroner ($5.2 million) and a 13% share of total sales. Vinyl saw a 43% rise to 14.2 million kroner ($1.7 million).

Revenue from video streaming generated just 1.5% of the nation’s total revenue at 4.7 million kroner ($570,000).

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Anna Washenko

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