German Music Industry Points to Streaming for Recent Growth Spurt

photo: Billboard

The announcement was made by Frank Briegmann, Universal Music Group’s president of Central Europe and a board member of the German music industry association (Bundesverband Musikindustrie), at its annual sales convention in Berlin. […] Many consumers who are using streaming services are paying for music for the first time, Briegmann pointed out. Streaming saw an 87 percent increase in the first seven months and now accounts for 12.8 percent of German music sales. – Wolfgang Spahr, Billboard