Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Music streaming market in Bulgaria on the rise

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!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Kerana and the Cosmonauts- ''Zhiva''

Kerana and the Cosmonauts- ''Zhiva''

One of Bulgaria’s most popular music bands- Kerana and the Cosmonauts – is adding a new constellation to its musical universe. On September 19, the musicians will present their second album titled "Octans". The event will take place at the..

published on 9/18/24 7:25 AM

The Bulgarian band SEVI one step away from a Grammy nomination

Established as one of the most successful rock groups in Bulgaria, the musicians from SEVI band quickly attract attention with their original, recognizable sound, strong female vocals and melodic songs. The band, which includes Svetlana..

published on 9/16/24 2:44 PM

Asen Kisimov - ''Kude Ostana Detstvoto''

Summer enters the classrooms today, along with the children's smiles. The first day of school is always exciting – both for the youngest, who are crossing the school threshold for the first time, and for the older ones, who fondly recall those magical..

published on 9/16/24 11:18 AM