Dutch music industry sees stabilization, streaming growth in 2015

Netherlands NVPI canvasA report from the Netherlands’ music industry group shared the nation’s music industry performance for last year. The NVPI estimated that the Dutch music industry grew by about 10%. The results marked some stability after years of declines.

Streaming service revenue rose at least 33% in 2015. Even though download revenue fell more than 20%, the overall digital market surpassed the physical format market and secured a 52% share. Physical formats did not post a decrease in revenue last year, reversing the trend of declines from the past few years.

“We have to go back 25 years to see such a rise in the music market in a year,” director Paul Solleveld said.

Anna Washenko