Streaming is the top revenue source in Austria H1 2018 music market report

Austria reported growing revenue from streaming in the first half of 2018. In the first six months of the year, Austria saw 2.5 billion songs streamed, up from 1.5 billion in the year-ago period. Sales from streaming grew by 61.1% to €23.2 million. The vast majority of that streaming revenue, €21.1 million, stemmed from subscriptions.

The good performance from streaming helped boost Austria’s music market 6.3% in the first half. Total revenue for the period reached €53.5 million. It was also the first time the domestic market saw greater revenue from digital sources than from physical.

“Around 800,000 Austrian music fans have a streaming subscription, streaming has replaced the CD as the biggest source of revenue, making it all the more important that the same rules apply to everyone on the streaming market and also pay for providers like YouTube licenses,” said Dietmar Lienbacher, chairman of IFPI-Austria.

Anna Washenko