Music Streaming Surging in Germany

A big boost in streaming audio revenues helped Germany’s music market grow 2.4% in 2016 despite falling sales of CDs and digital downloads.

Music Industry Sales Share in Germany, by Format, 2016 (% of total)According to music industry trade group Bundesverband Musikindustrie (BVMI), music sales in Germany reached €1.58 billion ($1.75 billion) in 2016, marking the fourth consecutive year of growth for the country’s music business.

Digital formats’ share of the total rose to 38.0%.

Read Article: eMarketer

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