Many industries have had to revise their revenue forecasts downwards as a result of the coronavirus outbreak. After undergoing a major transformation following the boom in audio and video streaming, revenues from the recorded music market have declined sharply since 2002. Originally expected to reach 629 million euros in 2020, revenues have been revised downwards in the wake of the pandemic and are expected to reach 543 million euros in the best case scenario. However, the most pessimistic scenarios estimate that this figure would not exceed 495 million euros the same year.
Impact of the coronavirus outbreak on physical and digital sales of recorded music in France from 2002 to 2020
(in million euros)
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SNEP, & EY. (June 15, 2020). Impact of the coronavirus outbreak on physical and digital sales of recorded music in France from 2002 to 2020 (in million euros) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1135486/impact-coronavirus-physical-digital-recorded-music-sales-revenue-france/
SNEP, und EY. "Impact of the coronavirus outbreak on physical and digital sales of recorded music in France from 2002 to 2020 (in million euros)." Chart. June 15, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1135486/impact-coronavirus-physical-digital-recorded-music-sales-revenue-france/
SNEP, EY. (2020). Impact of the coronavirus outbreak on physical and digital sales of recorded music in France from 2002 to 2020 (in million euros). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1135486/impact-coronavirus-physical-digital-recorded-music-sales-revenue-france/
SNEP, and EY. "Impact of The Coronavirus Outbreak on Physical and Digital Sales of Recorded Music in France from 2002 to 2020 (in Million Euros)." Statista, Statista Inc., 15 Jun 2020, https://www.statista.com/statistics/1135486/impact-coronavirus-physical-digital-recorded-music-sales-revenue-france/
SNEP & EY, Impact of the coronavirus outbreak on physical and digital sales of recorded music in France from 2002 to 2020 (in million euros) Statista, https://www.statista.com/statistics/1135486/impact-coronavirus-physical-digital-recorded-music-sales-revenue-france/ (last visited November 21, 2024)
Impact of the coronavirus outbreak on physical and digital sales of recorded music in France from 2002 to 2020 (in million euros) [Graph], SNEP, & EY, June 15, 2020. [Online]. Available: https://www.statista.com/statistics/1135486/impact-coronavirus-physical-digital-recorded-music-sales-revenue-france/
