The Spanish sound recording and music publishing industry has undergone a big change in recent years. Its digital music market is growing with retail revenues expected to reach $219 million in the next two years. Its live music market has grown surpassing revenue from recorded music sales in the UK. Its growing population combined with a widespread ability to promote and distribute music via the Internet, represent important opportunities for Canadian artists and industry. In Portugal, digital units continue to rise, fueled by the growing presence of broadband connections in the home. As Canadian Music Week brings Spain and Portugal into focus, these developing markets will soon be open for Canadians to be discovered.
In Portugal, digital units continue to rise, fueled by the growing presence of broadband connections in the home. The underground music scene is growing, with new labels and artist collectives establishing themselves as a possible future avenue for sales growth, and the country’s infra-structures for live music – several networks of recently-built small theatres with state of the art equipment – provides a key tool for the live sector to withstand the economic turmoil of the times. As Portugal begins to export more music, the world will slowly but surely become aware that Portugal is no longer all about Fado.
As Slacker Canadian Music Week brings Spain and Portugal into focus, these developing markets will soon be open for Canadians to be discovered.
