The music branch suffered the most from the pandemic. For rock groups, festivals are the main sort of revenue, before ad hoc and club concerts, broadcasts, streaming or recorded music.
Table 3: Sales of recorded music, 2018-2020
2018 | 2019 | 2020 | |
Physical sales (vinyl, cds etc.) | 1.43 | 1.45 | 1.31 |
Digital sales (streaming, downloads etc.) | 2.15 | 2.96 | 4.15 |
Source: https://www.mahasz.hu/piaci_adatok
Table 4: Composition of digital sales in 2020
Digital Sales | International | Domestic | Classical | Not musical content | Total |
Single | 61% | 37% | 1% | 0% | 100% |
Album | 54% | 23% | 14% | 10% | 100% |
Video | 14% | 31% | 56% | 0% | 100% |
All downloads | 54% | 32% | 11% | 4% | 100% |
Digital content | |||||
Mobile phone | 59% | 41% | 0% | 0% | 100% |
Subscription audio | 83% | 16% | 1% | 0% | 100% |
Advertisement based | 84% | 15% | 1% | 0% | 100% |
Video | 45% | 53% | 1% | 1% | 100% |
All streaming | 74% | 25% | 1% | 0% | 100% |
All digital sales | 73% | 25% | 1% | 0% | 100% |
Source: https://www.mahasz.hu/piaci_adatok
Classical music occupies a strong position in cultural policies. 16 symphony orchestras receive regular public support. Care is given to the condition of national and local concert halls and over 3000 pianos of orchestras, concert halls and music schools have been restored recently from public funds.
The House of Hungarian Music in Budapest City Park is soon to open in a futuristic building.
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