Two reports were released this week, which shows that streaming in Belgium and Sweden are on the rise.
The Belgium music market grew 6.5% in the first half of 2016 thanks to an 80% rise in income from streaming. “Premium streaming [has] now [started to advance] our country’s [music market] and will eventually be larger than CD sales,” said Olivier Maeterlinck, director of BEA.
Recorded music sales increased in Sweden by 8.6% during the first six months of 2016. Jonas Siljemark, President, Warner Music Nordic said: “The subscription-driven Swedish market continued to be strong in the first half year of 2016. “At the same time it is important that we continue to work for the value of our artists’ music making it possible to increase investment in additional great Swedish artists.”
This is promising news and hopefully continues to become more consistent not only in these regions but across the USA and beyond. To read the Belgium report, click here. For the Sweden report, click here.
