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 the health crisis put performing arts on hold for a while, a powerful rebound is expected for the sector, where the sensory and immersive experience of performances continues to be their fundamental value proposition, along with the accelerated transformation towards livestream.

Key figures

In 2023, the French recorded music market (production/phonographic publishing) will have a turnover of €968 million, of which €620 million is attributed to the digital market, and €195 million to the physical market.
The music publishing market (management of catalogs of works and publishing rights) reached €418 million in turnover in 2022.
Subscription streaming has 12 million paying accounts in France, for 17 million users.
100 new tracks are uploaded to streaming platforms every day.
The live performance market (music, theater, dance, etc.) shows a turnover of €6,35 billion in 2022
The average ticket price is €41 for current music and variety shows.

Industry trends

Technological innovations such as artificial intelligence, big data, blockchain are transforming the sector. Generative AI is a revolution that is shaking up the value chain in terms of creation, value distribution and IP protection. Blockchain technologies are opening up new perspectives in terms of securing rights to protected works and respecting artists' remuneration.
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 the offer and a concentration of revenue: venues with more than 6 seats represent 000% of the offer and a third of the turnover, while venues with fewer than 1 seats concentrate 200% of paying performances for only 60% of ticket 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.