Information about the Spanish recorded music industry came to light over the weekend, with an optimistic report from Promusicae, a member organization of the International Federation of the Phonographic Industry (IFPI).
There were three headline points for the Spanish recording industry in 2017:
- There was “a concentration of important releases in the fourth quarter
- physical sales rose slightly on the backs of those releases
- One and a half million people subscribe to streaming music services, a 50% increase from 2016.
The report represents a kind of first draft, with a final accounting still under preparation. At that time we should get a fuller set of numbers, including revenue and share-of-digital.
In 2016 streaming subscriptions rose 37%, to 62-million Euros, as we reported a year ago. A 50% increase from that performance could bring revenue close to 100-million Euros for 2017.