Spain Spain's recorded music market continues to grow - but worries remain over the take up of paid streaming and the spectre of piracy - Music ...

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Spain Spain's recorded music market continues to grow - but worries remain over the take up of paid streaming and the spectre of piracy - Music ...
1                                                                                          03.02.2022 •
                      www.musically.com

❱      Spain
Spain’s recorded music market continues to grow - but worries remain
over the take up of paid streaming and the spectre of piracy.

                                                                                                SEBASTIÁN YATRA
                                                                                                AND MYKE TOWERS

WHILE SPAIN’S RECORDED MUSIC MARKET                       music income in Spain by €50m ($74.4m), significantly slowing
has made vast leaps since the dark days of the early      the recovery of a market where income is still less than half of
2010s, when a number of observers essentially gave        what it was in 2001.
it up for dead, significant worries remain according to
industry body Promusicae, which paints a picture of a     “Forecasts for 2020, just before the pandemic began, were
market behind many of its European neighbours the         estimated at around €400m ($459m) in turnover,” says
transition to the paid streaming model.                   Promusicae president Antonio Guisasola. “The recorded
                                                          music industry had been showing solid signs of recovery for
Promusicae made these claims in a recent paper            years and it seemed that it was entering a new phase where
that examined the effect of the pandemic on Spain’s       remarkable results were predicted, in view of the previous
recorded music industry, produced in collaboration        years. However, the arrival of the pandemic brought many
with the International University of La Rioja (UNIR).     uncertainties back to the sector. We finally managed to close
Among the many findings in the paper was the claim        the year at €354m ($406m).”
that the pandemic had reduced expected recorded
                                                          This, perhaps, was to be expected to some extent. But the
                                                          paper also found that the volume of paid subscribers on
                                                          streaming platforms is less developed in Spain than in many
     Spain : statistics                                   nearby countries, with just 41.2% of all music consumption in
                                                          Spain taking place via paid subscription, compared to 58.1% in
                                                          the UK and 72.4% in Sweden.
     Population... 47.3m
     GDP (purchasing power parity)... $1,715bn            Guisasola tells Music Ally that 3.7m people in Spain
     GDP per capita (PPP)... $36,200                      subscribed to a music streaming service in 2020 – up from 3m
     Mobile/cell phone subscriptions... 55.6m             in 2019 – and is confident that the total has now hit 4m.
     Smartphone users... 39.1m
     Internet users - total... 42.5m                      “Streaming, embraced by millions of consumers around the
     Broadband connections... 15.9m                       world as a natural way of listening to the music they prefer,
     Broadband - subscriptions per 100 people... 33.9
                                                          has helped us to regain constant growth in Spain,” says
                                                          Guisasola. “But, despite the good current results, we have
     Sources: CIA World Factbook / Statista
                                                          not even managed to live up to years like 2007, which were

the report              ❱   Country profiles
Spain Spain's recorded music market continues to grow - but worries remain over the take up of paid streaming and the spectre of piracy - Music ...
2                                                                                                        03.02.2022 •
                                                                                      www.musically.com

                                                               ❱       Spain continued
                                                               SPOTIFY: TOP 20 SONGS LAST YEAR IN SPAIN
                                                               by average chart position in the Spanish Top 200 daily chart

                                                               Yonaguni - Bad Bunny
                                                               Todo De Ti - Rauw Alejandro
                                                               Pareja Del Año - Sebastian Yatra,Myke Towers
                                                               AM Remix - Nio Garcia,J Balvin,Bad Bunny
                                                               Fiel - Remix - Wisin,Jhay Cortez,Anuel AA,Los Legendarios,Myke Towers
                                                               Fiel - Los Legendarios,Wisin,Jhay Cortez
                                                               Qué Más Pues? - J Balvin,Maria Becerra
                                                               Bandido - Myke Towers,Juhn
                                                               DÁKITI - Bad Bunny,Jhay Cortez
                                                               Me Fije - Alex Rose,Rauw Alejandro
                                                               Tú Me Dejaste De Querer - C. Tangana,Niño de Elche,La Húngara
                                                               911 - Sech
                                                               Eladio Carrion: Bzrp Music Sessions, Vol. 40 - Bizarrap,Eladio Carrion
                                                               Ella No Es Tuya - Remix - Rochy RD,Myke Towers,Nicki Nicole
                                                               Travesuras - Remix - Nio Garcia,Casper Magico,Ozuna,Wisin & Yandel,Myke Towers,Flow La Movie
                                                               EL MAKINON - KAROL G,Mariah Angeliq
                                                               Loco - Justin Quiles,Chimbala,Zion & Lennox
                                                               AM - Nio Garcia,Flow La Movie
                                                               Bésame - Luis Fonsi,Myke Towers                                                                                         BAD BUNNY
                                                               Ingobernable - C. Tangana,Gipsy Kings,Nicolás Reyes,Tonino Baliardo

                                                               YOUTUBE: TOP 20 ARTISTS LAST YEAR IN SPAIN
                                                               by average chart position in the Spanish weekly music video chart
Country-level top artist data kindly provided by Chartmetric

                                                               Bad Bunny - Yonaguni (Video Oficial)
                                                               Rauw Alejandro - Todo de Ti (Video Oficial)
                                                               Sebastián Yatra, Myke Towers - Pareja del Año (Official Video)
                                                               C. Tangana, Niño de Elche, La Hungara - Tú Me Dejaste De Querer
                                                               J.Balvin, Karol G, Nicky Jam, Crissin, Totoy El Frio, Natan & Shander - Poblado
                                                               KAROL G, Mariah Angeliq - EL MAKINON (Official Video)
                                                               Eladio Carrión || BZRP Music Sessions #40
                                                               Justin Quiles x Chimbala x Zion & Lennox - Loco (Official Music Video)
                                                               J. Balvin, Maria Becerra - Qué Más Pues? (Official Video)
                                                               Jarabe de Palo - Misteriosamente Hoy (Videoclip Oficial)
                                                               RVFV, OMAR MONTES - NO QUIERO AMOR (Video Oficial)
                                                               Natti Natasha x Becky G - Ram Pam Pam [Official Video]
                                                               Camilo - Vida de Rico (Official Video)
                                                               Wisin, Jhay Cortez, Anuel - “Fiel Remix” (Official Video) ft. Myke Towers, Los Legendarios
                                                               Moncho Chavea, José Rey, Liderj, Anthony - Me Llaman Loco (Video Oficial)
                                                               Daviles de Novelda - Flamenco y Bachata
                                                               No me lo creo – Nyno Vargas
                                                               Myke Towers x @JuhnTV - BANDIDO (Video Oficial)                                                                RAUW ALEJANDRO
                                                               Bésame - Luis Fonsi,Myke Towers
                                                               MORAD - NECESARIO (VIDEO OFICIAL)

                                                               already going downhill, and billing less than 50% of years like,         Guisasola says that this worries the Spanish industry.
                                                               for example, 2001, which were good for the industry.”                    “Spaniards generate less income per capita than neighbouring
                                                                                                                                        countries despite the fact that, according to studies such as
                                                               Promusicae also offered its take on the IFPI’s 2021 Engaging             IFPI’s Engaging with Music 2021, we listen to more music
                                                               With Music report, with the news a mixture of positive and               per day than the world average,” he says. “It is something that
                                                               negative for Spain. Spaniards listen to music for 20 hours a             worries us, a priority for us, and for this reason we are being
                                                               week, compared to the 18.4-hour global average, but this                 demanding with streaming and its figures. The results must be
                                                               listening is still concentrated on free platforms. Ad-supported          consistent with the effort we make as an industry. Ultimately,
                                                               music streaming platforms make up 14% of total listening in              many more paid subscriptions are required.”
                                                               Spain, according to the report, compared to the 9% average,
                                                               while video platforms are head of audio platforms when it                Promusicae also highlighted the continued importance of
                                                               comes to consumption.                                                    music piracy in Spain, with 57% of Spaniards aged 16 to 24

                                                               the report                ❱   Country profiles
Spain Spain's recorded music market continues to grow - but worries remain over the take up of paid streaming and the spectre of piracy - Music ...
3                                                                                                                      03.02.2022 •
                            www.musically.com

❱         Spain continued
                                                                                                                                      Source: Promusicae

      Recorded music market in Spain                                   Market in detail
      Figures in RRP. First half of 2021. Totals in € millions         First half of 2021. Figures in € thousands
                                                                                                                               1.2%
      200                              +22.34%
                                                    169.2                                                              15.5%

      150
                     138.3
                                       +19.76%

                                                   144.1 (85.2%)   42.9%
      100           120.3 (87%)
                                                                                 Physical             55.7%                    Digital

       50

                     18.0 (13%)
                                       +39.61%
                                                   25.1 (14.8%)                                                                  82.3%
         0
                     2020                             2021
                             Physical            Digital               CD     Vinyl album Singles                   Audio streams  Video streams
                                                                             Videos Other                            Downloads    Mobile products

surveyed by the IFPI using piracy to consume music. “Piracy                       With all this in mind, Guisasola remains positive. “We have
has not been eradicated in our country and it is an issue that                    completed a year with a clear reactivation of the economy,
continues to greatly concern us,” says Guisasola. “We have                        leaving behind many of the difficulties and unknowns that we
no choice but to continue raising awareness of the serious                        had at the beginning of the year,” he concludes. “
problem it poses for musicians and creators in general.”
                                                                                  We work in a dynamic, well-prepared and professional sector
Against all this, the actual figures for Spain’s recorded music                   that contributes every year to the economy and culture of
market remain largely positive. In the first half of 2021                         our country, with new talents and musical successes. With
music sales grew 22% to €169.2m ($192m), according to                             all this background and with the necessary optimism at the
Promusicae, a 22.3% rise on the first half of 2020.                               beginning of the year, I would like to think that the best is
                                                                                  always yet to come.”
Digital income grew 19.7% to €144m ($163.39M), of which
82.3% came from audio streaming (both ad-supported and
subscription) and 15.5% from video streaming. Figures are
net yet available for full-year 2021. But Guisasola says it is
possible that the “rebound” effect observed in the first half of
2021 will have softened somewhat in the second half of the
year.

The Spanish music industry also received good news in the                                We work in a dynamic, well-
shape of the “bono cultural” - a €400 voucher for 18 year-olds
in Spain to spend on cultural goods - which could help with
                                                                                         prepared and professional
the take up of streaming.                                                                sector that contributes every
“The Ministry of Culture is still working on the details of this
                                                                                         year to the economy and
measure,” Guisasola says. “What does seem to be clear is a cap                           culture of our country,
of €100 for digital consumption. On digital platforms there are
all kinds of offers to purchase premium subscriptions, even for
                                                                                         with new talents and
students from €4.99 per month. It can be a great opportunity                             musical successes”
to increase subscriber numbers, especially among users in that
younger demographic.”

                                                                                          Antonio Guisasola,
                                                                                          Promusicae

the report                     ❱   Country profiles
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