Paris-headquartered music distribution and companies firm Consider studies that it surpassed the milestone of €1 billion in digital music gross sales (DMS) for 2022.

Consider says that DMS is the income generated from its digital retailer companions and social media platforms earlier than royalty cost to artists and labels.

The corporate provides that DMS represents the recorded music digital gross sales of the artists supported by the Group, straight or by way of their labels.

The announcment comes two months after Consider posted its Q3 2022 outcomes (in November), reporting revenues of EUR €197.0 million for Q3 – a 36.9% YoY enhance in revenues.

On an natural foundation (at a like-for-like perimeter and fixed change charge), that determine was up 37.6% YoY.

The corporate stated in November 2022 that it anticipated to report full-year 2022 revenues in extra of EUR €750 million, up by over a 3rd in comparison with 2021.

In FY 2021, Consider posted €577.2m in annual income, up 30.7% YoY.

Consider grew to become a publicly listed firm in 2021, debuting on the Paris Euronext on June 10.

Commenting on the information of the €1 billion DMS milestone, Denis Ladegaillerie, Founder & CEO, Consider, stated: “We’re proud to have fun this milestone as a mark of Consider’s artists and labels’ steady success.

He added: “It’s a tribute to the energy and fervour of our two hearts: our artists, in any respect phases of their profession, who create vibrant music that followers connect with and are impressed by, and our individuals, who put their digital experience and expertise at their service with respect, equity and transparency.”

“It’s a tribute to the energy and fervour of our two hearts: our artists, in any respect phases of their profession, who create vibrant music that followers join  to and are impressed by, and our individuals, who put their digital experience and expertise at their service with respect, equity and transparency.

DENIS LADEGAILLERIE, BELIEVE

Added Ladegaillerie: “Our digital experience and innovation, our deep relationships with our streaming companions have delivered nice outcomes for our artists and labels, serving to them develop their audiences and their streams at a a lot sooner charge than the market.

“Delivering best-in-class  services and products to all artists, from DIY to established to high artists and shaping the way forward for  the music business by contributing to construct robust, thriving and numerous native music ecosystems is  what we stand for.”

Consider’s milestone was additionally applauded by its music platform companions together with YouTube, Amazon Music and Spotify.

“WE ARE  PROUD TO WORK ALONGSIDE BELIEVE AND LOOK FORWARD TO CONTINUING TO INNOVATE TOGETHER, BRINGING MUSIC TO FANS EVERYWHERE

LYOR COHEN, YOUTUBE

Lyor Cohen, International Head of Music, YouTube, stated: “This milestone is large! It’s one more signal of Consider’s dedication to construct a sustainable digital ecosystem for each artist within the  world — a mission that we not solely honor but in addition share by way of our long run partnership.

“We’re proud to work alongside Consider and look ahead to persevering with to innovate collectively, bringing music to followers in every single place. Congratulations!“

“BELIEVE IS A  VALUED PARTNER AND WE CONGRATULATE THEM ON THIS INCREDIBLE MILESTONE.”

JEREMY ERLICH, SPOTIFY

Jeremy Erlich, Vice President & International Head of Music, Spotify, added: “Consider is a  valued accomplice and we congratulate them on this unbelievable milestone.

“Enabling artists to stay off  their work is core to our mission at Spotify, and we’re proud to have performed an element in serving to Consider  artists discover, join with, and develop their fan bases all over the world.”

“CONGRATULATIONS TO BELIEVE FOR THIS MILESTONE, AND WE LOOK FORWARD  TO FINDING MORE WAYS FOR ARTISTS AND LABELS TO SHARE AND PROMOTE MUSIC TOGETHER.”

RISHI MIRCHANDANI, AMAZON MUSIC

Rishi Mirchandani, Vice President, Licensing and Technique, Amazon Music, stated: “We’re proud to work with Consider and supply extra alternatives for artists all over the world to  develop their careers and audiences.

“Congratulations to Consider for this milestone, and we glance ahead  to discovering extra methods for artists and labels to share and promote music collectively.”Music Enterprise Worldwide