The Dutch recorded music business is on for a good year: revenues accrued in the first half of 2013 were up for the first time in 12 years in Holland, according to NVPI stats.
Revenues increased by 1.9% – the first half-year increase in 12 years – with the digital market increasing 60% from 15 million euros to 24 million euros (up 60%).However, physical revenues plummeted by 18% year-on-year.
The digital increase was mainly due to subscription and advertising revenue from streaming services, whose revenues grew 131% in the first half.
“The good news is that after 12 years [revenues are increasing],” said NVPI and Universal’s Kees van der Hoeven. “Consumers have clearly embraced streaming services. But the physical sales are still very important and we are very pleased with the relaunch of Fame and Free Record Shop.”
NVPI director Paul Solleveld added: “The combination of user services [and] affordable and effective enforcement against illegal supply is essential for the music market, investments in the business and continue to allow in new talent.”Music Business Worldwide