The German Federal Music Industry Association (BVMI) released their revenue report last week for music sales in the first half of 2014, and as Germany saw a 0.8 decline, it is still physical CDs that are contributing to the largest sales.
In the first six months of 2014, music sales in Germany reached $656 million euros, about four million less than the same timeframe in 2013, which doesn’t come to that much of a surprise as the music industry as a whole has been struggling with finding a way to keep sales up worldwide.
What is more surprising is that two-thirds of all music sales in the country still come from physical CD format.
“We’re seeing a comparatively stable overall market development in Germany, with the CD continuing to play a decisive role. Unlike in other countries, consumption of music in Germany is shifting to the digital world at a more moderate pace,” BVMI managing director Dr. Florian Drücke said in a statement.
Digital downloads have not proven to be as popular for German music buyers, but subscription and ad-supported streaming services have been showing a better success rate with a 77 percent increase in the first half of this year.
Another interesting note from the BVMI report is that for the first time in the history of the Top 10 Album Chart, nine German artists are represented. German singer Helene Fischer claimed the top sales spot after selling over 1.5 million copies of her album Farbenspiel in the first half of 2014 alone.
Photo: Helene Fischer by Fred Kuhles