Music revenues in Portugal increased by 19% to 25 million euros
Digital market continues to have a large majority of national revenue
Revenues from the 1st of last music, in Portugal, represented an increase of 57 million euros, which represented an increase of 2% in relation to previous Producers, announced an Association for the Management of Producers’ Rights (Augest).
In the annual report on the record market for 2021, Audiogest highlights that “physical sales grew by 29.4% compared to 2020 and reached levels higher than sales in 2019 (prior to the covid-19 pandemic), in record order of 3.8%”, and “the vector for this recovery is concentrated in vinyl sales”.
According to the document, sent to Lusa, the market in 2011 has a large majority of digital agencies in national revenues, 7 continuous 1.6% of the global, which corresponds to about 18.9 euros.
Sales correspond to 27.2% of revenues (approximately seven million euros) and synchronizations to 1.2% (approximately 313 thousand euros).
As far as the digital market is concerned, the vast majority of revenues (97.3%, which corresponds to around 17.9 million euros) come from streaming.
Streaming in 2020 had revenues of 15.4 million euros, which represents an increase of 16.1%.
The remaining 3% of revenues from the digital market (corresponding to around 505 thousand euros) refer to ‘downloads’ and other digital ones, such as the ‘mobile’ segment.
Physical sales recorded an increase of 29.4%, compared to 2020. In 2020, physical sales revenues had been 5.4 million euros and in 2021 they were seven million.
It is albums, as opposed to ‘singles’ and DVD, that represent the largest share of sales in the market (98.2%, which corresponds to around 6.8 million euros).
In this field, vinyl stands out, representing 58.5% of album sales in 2021, against 41.3% of CDs, “something that happens for the first time in decades”, highlights Audiogest.
Revenues related to Private copying increased by 35% for 2020, when they became millions of euros of revenue, “also as an indirect result of the pandemic situation, with the purchase of more equipment by consumers”.
With regard to the rights of producers and artists, “despite the adversities associated with the period and the breakdown of pandemic events in public spaces”, as 2021 revenues dropped in November, from the 15.6 million registered in 2020 to 15.4 million in 2021.