Music streaming market in Bulgaria on the rise

published on 5/5/20 3:37 PM

Photo: IFPI

Revenues from online streaming in Bulgaria have increased by 65% in 2019. The Global Music Report 2020 of the International Federation of the Phonographic Industry (IFPI) shows that 33.2% of streaming services come from the Bulgarian music market. The revenue in the music sector amounts to USD 7.3 million, which is a 22.1% increase on 2018.

"Overall, digital revenue is far from its potential due to the chaotic and incomplete digitization of Bulgarian music," members of the Bulgarian Association of Music Producers comment.

The revenue for music performers and producers are expected to grow after the introduction of the unique ISRC codes in Bulgaria in 2020.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Music Bulgarian Association of Music Producers Global Music Report IFPI ISRC music producers streaming

More from category

Bulgarian National Radio Symphony Orchestra starts its new season

The Bulgarian National Radio Symphony Orchestra under the baton of chief conductor Konstantin Ilievski opens its new season tonight. In the "Bulgaria" Hall in Sofia, Georgi Andreev will perform his work "Land of Roses" for gadulka and..

published on 9/27/24 6:50 AM

Australian Depressive Black Metal band Austere with a concert in Sofia

A concert by Australian Depressive Black Metal band Austere will take place tonight /September 26/ in "Mixtape 5" club in Sofia. The concert is the band's first in this country and is one of Austere's rare live performances, as the..

published on 9/26/24 8:00 AM

Signal band announces two more concerts of its Signal Symphonic project

One of Bulgaria's most popular band Signal has announced two more concerts from its successful project "Signal ‎Symphonic" . Started in 2018, after a pause imposed by the pandemic, in this project the veterans of Bulgarian rock music continue to combine..

published on 9/25/24 10:43 AM