Mexico is experiencing a streaming revolution: revenues from access-based music services are up a staggering 130% in the first half of 2014.
The Mexican Association of Phonographic Producers (Amprofon) has released year-on-year information showing income in the Mexico market from streaming music services more than doubled to approximately 175 million Pesos (£8.0 million) in the six months to June 30. Streaming services legally available in the territory include Spotify, Deezer and Rdio.
The overall Mexican recorded music industry generated revenues of 724 million Pesos (£33.3 million) in H1 2014. 59% were digital, with a strong physical market continuing by claiming 41% of all income. 83% of physical sales were on CD; 12% were on DVD audio; 4% on DVD video; 1% was claimed by a combination of vinyl, cassettes, mini discs and Blu Ray.
Digital revenues were up 14% on H1 2013, generating 428 million Pesos (£19.7m). Streaming claimed 41% of those digital revenues, while of the income spent on downloads – 29% went on single tracks, 15% on albums and 8% on ‘mobile content’ including artist apps.
More than a third (34%) of sales were claimed by Mexican artists, while only 29% of sales consisted of ‘international anglo’ music – English speaking artists not from Mexico.
According to IFPI figures the Mexican record market increased in value by 17% between 2008 and 2012. However, the annual market in Mexico fell by 4.4% in 2013 to total $135 million (1.76bn Pesos; £81.28m).
The newly-announced first-half-year value of the country’s recorded music market – 724 million Peso (£33.3m) – suggests that the overall value of the full-year market is likely to dip slightly at the end of 2014.Music Business Worldwide