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What Germany, Spain & Japan’s 2024 Recorded Music Reports Tell Us About Global Revenue Trends
Germany, Spain and Japan released their 2024 recorded music revenue reports. Here's an analysis of what they say about the state of streaming & sales.
The Spanish market slowed considerably in the second half of the year, leading to end-of-year gains that were six to seven percentage points lower than mid-year results. In Japan, the world’s second-largest recorded music market, physical audio sales rose 2% to 148.96 billion yen ($985 million), a worse showing than in 2023 (when they were up 8%) and 2022 (up 5%), according to the RIAJ. Japan is unlike most music markets in that physical formats remain the dominant moneymakers.
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