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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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
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
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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