Industry body SNEP has published its figures for France's recorded music market in the first half of 2020. It reveals a 0.4% year-on-year growth in revenues to €279m, a notable slowdown from the increases in recent years.
And of course, it's Covid-19 which is the main reason. The trend follows that of other markets: streaming revenues grew by 17.7% despite the pandemic, while physical sales fell sharply by 36.8%.
SNEP noted that the first half of the year is usually only around 40% of the annual market in France, expressing the hope that the year as a whole will see bigger growth than 0.4%.
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