The newly released Global Music Report 2017 tells of a healthy, and growing Norwegian music industry with revenue from recorded music continuing its year-on-year increase. In 2016 revenues were up 12,3% compared with 2015. Besides a dip in revenues in 2014, recorded music has seen a steady revenue increase since 2012, with 2016’s numbers 22,45% higher than 2012’s (NOK 784,1 mill vs. NOK 960,1 mill).
Norway is now the 18th largest market for recorded music, jumping two spots from 2015. The average Norwegian spent $21,7 on recorded music in 2016. We already know Norwegians are some of the world’s leading music fans, with almost 40% of Norwegians buying a music festival ticket in 2015.
Recorded music revenue in Norway grew 12,3% from 2015 to 2016, totaling $114,2 million (compared to $101,7 million in 2015).
Revenue from physical is up 1,5% ($0,2 million)
Digital revenue is up 15,7% ($9,8 million)
Streaming make up 92,25% of total digital revenue
Video streams account for 1,78% of total digital revenue
Top songs of 2016
1 Alan Walker – Faded, Sony Music
2 Sia feat. Sean Paul – Cheap Thrills, Sony Music
3 The Chainsmokers feat. Daya – Don’t Let Me Down, Sony Music
4 Coldplay – Hymn For The Weekend, Warner Music
5 Freddy Kalas – Jovial, Universal Music
6 Alan Walker – Sing Me To Sleep, Sony Music
7 Drake feat. Wizkid & Kyla – One Dance, Universal Music
8 Julie Bergan – Arigato, Warner Music
9 Major Lazer feat. Justin Bieber & MØ – Cold Water, Warner Music
10 Mike Perry feat. Shy Martin – The Ocean, Sony Music