ČNS IFPI: Digital music sales up 35 %

Published: 21.04.2022 Related countries:  Netherlands Netherlands

The market grew despite the ongoing pandemic.

(ČIA) The total revenues of the music industry in the Czech Republic in 2021 increased by 19.5 % y/y to CZK 1.43bn. The market grew despite the ongoing pandemic. The leader was streaming services, which recorded an increase of 37 %. The Czech National Group of the International Federation of the Music Industry (CNS IFPI) informed about it. Last year, digital music consumption prevailed. The ratio of digital sales to physical media sales is 79:21. Revenues from digital sales increased by 35 %. Streaming services such as Spotify, Apple Music, YouTube Music, Deezer and Amazon Music are available in the Czech Republic. 

Prepared by the team of the CzechTrade foreign office in The Hague

Source: Česká informační agentura, s.r.o. (ČIANEWS)