Revenue of the music industry in France from 2007 to 2023, by format

Since 2007, it appears that the physical revenue of the music industry in France is decreasing. In contrast, the digital revenue of the music industry continues to increase. In 2023, digital revenues recorded a revenue of 620 million euros. In 2027, the digital music revenue is expected to reach more than 1.4 billion U.S dollars. 

The rise of digital music over physical revenue

In 2007, the revenue of physical music amounted to 662 million euros. Ten years later, the number went down to reach 298 million euros. This important decrease was followed by an impressive increase of the revenue of digital music in the country, which exceeded the revenue of the physical music market that same year for the first time. Indeed, from 50.8 million euros of revenue in 2007, digital music grew over the years to reach a turnover of 285 million euros in 2017. Similarly, the sales volume of music albums in stores in France has been decreasing over the past few years, while music streaming is becoming more popular with each passing year among consumers.

Music streaming in France

Online music streaming is becoming more and more popular. In 2018, around 30 percent of French consumers declared streaming music daily. The number of digital music users is expected to increase in the coming years. Those users seem to favor streaming compared to downloading, and online music streaming platforms like Deezer, Apple Music or Spotify are now used by a majority of French people.