Music revenues in Germany grew to €1.8 billion last year, thanks to lockdown

Germany’s revenues from physical music sales and streaming grew 9% year-on-year to €1.79 billion in 2020, Music Business Worldwide reports. A good portion of 71.5% of revenues came from digital music, growing 24.6% in a year, from €1.13bn to €1.27bn. CD sales in the market fell 18% YoY, remaining the second-strongest format in the German recorded market with a 21.6% share of sales in 2020. totalling €387m. Vinyl revenues grew 24.7% YoY to €99m, and had an overall market share of 5.5%.