Music & Performing Arts

Recorded music, music publishing, performing arts

We have never listened to as much music as we do today, testament to the solidity and resilience of its usage.

Although Covid brought live entertainment to a standstill for a time, a powerful rebound has been noted for the sector, where the sensory and immersive experience of live entertainment remains the fundamental value proposition.

Key figures

In 2024, the French recorded music market (phonographic production/publishing) shows a turnover of approximately €1 billion, of which €674 million is attributed to the digital market, and €196 million to the physical market.
The music publishing market (management of catalogs of works and publishing rights) reached €597 million in turnover in 2024.
Subscription streaming has 12,3 million paying accounts in France, for 17,7 million users.
100,000 new tracks are uploaded to streaming platforms every day, of which approximately 20% are AI-generated.
In 2024, there are nearly 70,000 paid performances (as in 2023) and the sector reaches new heights with 37,9 million admissions (+2%), 1,6 billion euros in ticket sales revenue excluding VAT (+13%) and an average ticket price of €45 (+10%).
The live entertainment market (concerts, dance, opera, orchestra, theatre, etc.) represents €5,5 billion in added value in 2024.

Industry trends

Technological innovations such as artificial intelligence and big data are transforming the sector. Generative AI is a revolution that is disrupting the value chain, impacting everything from creation and value distribution to IP protection. Blockchain technologies are opening up new possibilities for securing rights to copyrighted works and ensuring fair compensation for artists.
The very high concentration and consolidation upstream and downstream of the value chain contrast with a movement of disintermediation of the sector, characterized by an increase in self-production and self-distribution among artists.
The growth of streaming is a structural phenomenon of transformation of the music industry at the global level, with a strong stake in the distribution of value (user or market centric). However, its growth is limited in France, with a relatively low penetration rate of paid subscriptions (half that in the United States).
Increased transversality between the music sector and other creative industries (video games, fashion, cinema, etc.).
Catalogs of publishing rights and masters are becoming increasingly valuable assets.
A dynamism in the export of music Made In France and internationalization as an essential component of the global strategy of French artists.
Artists are becoming real brands.
Live music is tending towards a fragmentation of supply and a concentration of revenue: venues with more than 6,000 seats represent 1% of the supply and more than a third of the turnover, while venues with fewer than 200 seats concentrate 58% of paid performances for only 5% of ticket sales revenue.
The festival economy is proving fragile: despite a positive development in their attendance and ticket revenue, two thirds of music festivals are not achieving economic balance.
The excellent results of the live broadcasts in 2024 cannot be separated from the impact of the Paris Olympic Games ceremonies. Far beyond festive and sporting events, these ceremonies demonstrated the full scope of a collective narrative. They transcended the simple framework of a spectacular show to become a reflection of a country, with its complexity, its contradictions, its grandeur, and its darker sides.