There’s some disappointment afoot for world music biz information geeks like MBW: the French recorded music commerce physique, SNEP, says it’s not reporting market numbers for the primary half of 2021.
The org is completely pinning the blame for this resolution on one among France’s most profitable homegrown music corporations: Imagine, which floated on the Paris inventory change at a $2 billion valuation in June.
In a press release launched to media at this time, SNEP claims: “[SNEP] is that this yr is investing in modifications to additional enhance its procedures, helped by the experience of its new service supplier, the Official Charts Firm. The methodological modifications concerned on this transitional part name for enhanced cooperation from all corporations within the sector.
“Nevertheless, not like the opposite foremost distribution corporations – be they the key or unbiased labels – Imagine has till now proven no willingness to be clear about its actions in France. This has made it unattainable for the primary time to publish dependable information.
“In view of the necessity for correct evaluation of the annual figures, and in one of the best pursuits of the trade, we have now little question that Imagine will promptly adjust to the foundations established by all of the distributors contributing to market information.”
This assertion got here as considerably as a shock to Imagine, whose spokesperson instructed MBW at this time in response that the corporate was “shocked to study by a press launch and with out having been knowledgeable beforehand that SNEP wanted Imagine’s information for the publication of their market figures”.
Added Imagine: “Like a variety of different unbiased gamers, Imagine hasn’t been offering its information to SNEP for the final a number of years, and it was by no means a difficulty. We perceive that Imagine’s important market place within the French market makes its information essential to the completeness and reliability of the market information revealed by SNEP.”
“Imagine is at all times able to take part within the manufacturing of market information and artist rankings when produced in an unbiased, trustworthy and clear means, in all of its working international locations.”
Continued the Imagine spokesperson: “Imagine is at all times able to take part within the manufacturing of market information and artist rankings when produced in an unbiased, trustworthy and clear means, in all of its working international locations. We can be found to debate with SNEP how greatest to realize these targets in France.”
Clearly, there’s some studying between the traces essential right here. So let’s pick the important thing phrases.
SNEP claims that Imagine has “proven no willingness to be clear about its actions in France” to the commerce physique.
Imagine says that it’s by no means given its information to SNEP up to now, and acknowledges that – what with its market measurement – stats about its efficiency are kinda necessary if you wish to get a real learn of what’s taking place within the French recorded music market.
Then comes the tell-tale quote from Imagine: “Imagine is at all times able to take part within the manufacturing of market information and artist rankings when produced in an unbiased, trustworthy and clear means…”
Would possibly we take it from these phrases that Imagine is at present unimpressed by the way in which that SNEP is compiling its market information in France in tandem with the Official Charts Firm?
Watch this area. We’ll see if Imagine does certainly – and there’s arguably one thing a little authoritarian about this language – “promptly comply” with SNEP’s needs.
Within the meantime, we do have SNEP information displaying that in the entire of 2020, France’s recorded music trade generated US $883 million commerce revenues, a determine which was flat in comparison with 2019.Music Enterprise Worldwide
Picture Supply : www.musicbusinessworldwide.com – https://www.musicbusinessworldwide.com/snep-snipes-at-believe-believe-bites-back/
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