SNEP blames Believe for French music industry’s lack of S1 ’21 report
The National Union of Phonographic Publishing (SNEP) has officially refused to release details of the French recorded music industry’s income for the first half of 2021, citing Paris-based Believe’s reluctance to ” be transparent about its activities in France “. Believe that superiors, for their part, fought back against the allegations.
The SNEP has just revealed (via an official press release) that it “will not publish the figures” of the French recorded music industry in the first and second quarters of 2021, the alleged lack of transparency of Believe having made it “impossible for the first time to “publish” reliable data. ” SNEP, 99 – who previously reported that French music industry revenue in the first half of 2020 grew 0.4% year on year, well below the global growth rate – also mentioned Believe’s alleged reluctance “To apply the rules set by all distributors contributing to market data.
“While the SNEP is investing this year to adapt and further improve its procedures thanks to the expertise of its new service provider, The Official Charts Company” – a London-based entity operated in part by the BPI – “the methodological break caused by this transition phase calls for enhanced cooperation between companies in the sector.
“However, unlike the main players in distribution, both majors and independents, Believe has so far not wished to be transparent about its activities in France, making it impossible for the first time to publish reliable data”, continues the translation of Google from French. document, which then highlights the aforementioned disagreement related to the rules.
“In view of the analysis of the annual figures and in the best interest of the profession, we have no doubt that the company will quickly agree to apply the rules set by all the distributors contributing to market data”, concluded the SNEP .
As initially reported, Believe – which started trading on Euronext Paris in June – quickly hit back with a statement from her.
“Believe was surprised to learn through a press release and without first being informed that SNEP needed Believe’s data for the release of their market figures,” parent company TuneCore said. “Like many other independent actors, Believe has not provided its data to SNEP for several years, and it has never been a problem. We understand that Believe’s significant market position on the French market makes its data necessary for the exhaustiveness and reliability of the market data published by SNEP.
“Believe is always ready to participate in the production of market data and artist rankings when produced independently, honestly and transparently, in all of its countries of operation. We are available to discuss with the SNEP the best way to achieve these objectives in France, ”concludes the press release from the 16-year-old company.
At the time of this article’s publication, the SNEP did not appear to have responded to Believe’s statement, and it is unclear how the disagreement (and the lack of specific data on H1 2021 revenue for the French industry of recorded music) will affect the next IFPI reports, which indicated that France boasted the fifth largest music market of all countries in 2020, ahead of South Korea, sixth and behind Germany, fourth.