The music market.

With a turnover of €920 million, the French recorded music ma 920 million, the French recorded music market continues to grow, posting a 6.4% increase in 2022. This positive trend confirms the remarkable performance observed since 2017.

Despite a complex environment marked by economic uncertainty, inflation and the challenges of constantly changing usage, growth remains significant. Sales revenues are approaching their level of 15 years ago, but represent only 52% of the historical peak reached in 2002. Digital exploitations now generate three quarters of revenues, while physical media only represent a quarter, marking a reversal from 10 years ago.

Subscription streaming remains the main source of revenue for recorded music, reaching €426m and growing by 11% compared to 2021. Although 16 million users have adopted paid streaming, its adoption has not yet reached all audiences in France. Platforms and producers therefore face the major challenge of convincing consumers of all ages to take the subscription step.

Ad-supported streaming and video streaming are experiencing more sustained growth, but still generate modest revenues. They account for 8% and 9% of sales revenue respectively.

While the results for physical media as a whole are marking time, vinyl continues to do well with a 13% increase in value. It now accounts for 45% of physical sales, coming close to CD, which has regained its position as the second largest source of revenue in the market.

Synchronisation (image-based music in films, commercials, video games) and neighbouring rights (private copy, music on the radio, TV clips, sound effects) also continue to grow, representing €32m (+34%) and €122m (+12%) respectively.

In addition, French artists singing in French continue to perform remarkably well. In 2022, 17 of the top 20 albums were French productions, as were 77% of the top 200 best sellers. This basic trend has been maintained over the past ten years. The presence of the younger generation alongside established artists on the podium of the year's bestsellers also highlights the vitality of French production.

Despite these successes, many challenges remain to meet the needs of artists and the expectations of consumers. Innovation is the key to producers' strategy, enabling them to anticipate new influences, enrich the fan experience and bring artists closer to their audience beyond traditional media.

Developments in gaming, metavers, NFTs and their interaction with existing communities are now an integral part of the design of launches, in line with the artist's vision