The publishing market in France was worth €393m ($466m) in 2018, up 7% compared to 2017.
That’s according to the latest figures published by the country’s music publishing trade associations, The CSDEM and the CEMF, in their “Barometer of music publishing” report for 2017-2018.
CSDEM states that the increase is owed to an in investment in new signings and that almost two thirds of more than 15,000 new French works published in 2018 were from new talent.
The report was compiled using responses from a survey of 280 companies including major and indie music publishers.
The publishing market in France is spread over three sectors: Pop, Classical and Music Bookstore, which accounted for 81%, 10% and 9% of total turnover respectively.
According to the report, the publishers surveyed generated an average turnover of €6m ($7.1m) in 2018 for a median turnover of around €655,000 ($1.2m).
Over 60% of the survey’s respondents had a turnover of less than €1m ($1.9m).
Across the total publishing market, the majors (classified in the report as publishers with more than €10m ($11.9m) turnover represented slightly less than 50% of the market’s value in 2018.
Meanwhile, ‘allocations’ from SACEM (the Society of Authors, Composers and Publishers of Music) increased by 3% year-on-year, owed to an increase in digital rights (up 17%) and the strong performance of public performance rights (up 4%), which offset a 4% decline in mechanical rights to €126m ($236m).
Elsewhere, sync rights for advertising campaigns, films and TV series were up 33%.
Export rights (for French works used abroad and collected by sub-publishers outside France) increased by 7%.
Rights related to classical music, including the sales of sheet music, rental of orchestral equipment, SEAM (Société des Editeurs et Auteurs de Musique) reprography rights and grand rights, fell by 7%.
Other rights such as graphic license rights, management fees and neighboring rights on masters increased by 23%.Music Business Worldwide