MEXICO RECORDED INDUSTRY GROWS 11% AS DIGITAL DOMINATES
AUGUST 24, 2015 BY TIM INGHAM
Mexico saw a 10.94% rise in income from recorded music in the first half of 2015, up to 801m Pesos (US $47m; €41m).
According to data from the Mexican Association of Phonographic Producers (Amprofon), digital music sales represented 66% of the total, with 529m Pesos ($31m; €27m).
This was 24.2% up on H1 2014, when digital claimed 59% of the market with revenues of around 427m Pesos ($25m; €22m).
Physical music sales claimed 34% of income in the Jan-June 2015 period. The year before, they took 41%.
Overall H1 2015 physical revenues stood at 272 Pesos ($16m; €14m) in the first six months of 2015, down from an estimated 297m Pesos in H1 2014.
Amprofon didn’t specify how streaming contributed to 2015’s numbers, but it did last year.
In H1 2014, income from streaming services more than doubled to around 175 million Pesos – a 41% share of total digital music sales.
According to the IFPI, Mexico’s recorded music industry pulled in $130.3m in the whole of 2014, leaving it as the 14th biggest market in the world.
The Mexican record market increased in value by 17% between 2008 and 2012.
However, the annual market fell by 4.4% in 2013 to total US $135 million..
[One of Mexico’s best-selling artists of all time – and of 2015 so far – Juan Gabriel] Music Business Worldwide