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Streaming services to ensure growth Dutch music industry

Streaming services to ensure growth Dutch music industry

Photo: AFP

The Dutch music industry has its sales in the first half of the year, a significant increase due to a large growth in the use of streaming services.

Streaming services delivered in the first six months of 2016 a total of 40 million euros, it appears from the figures that trade association NVPI Tuesday published.

In the same period a year earlier, were streaming services still only account for 26.4 million euro turnover. There was thus a growth of 52 percent was recorded.

Vinyl

Streaming now accounts for more than half of the total income of Dutch artists. The turnover of the music industry came in a total of 72.3 million euro, an improvement of over 23 percent compared to a year earlier.

The physical sales of cd’s and lp’s grew by 2.4 percent to € 27.8 million. In particular, the populareit of vinyl contributes to that growth, according to the NVPI.

Digital downloads will play an increasingly smaller role. There was still 4.5 million euros in sales, more than 13 percent less than last year.

Growth
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The Dutch music industry recorded also in 2015, all growth after the poor performance of 2014. Between 2004 and 2012 halveerden the Dutch consumer spending on music over. Since then, especially thanks to the rise of streaming services, better again with the music industry.

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