Spain’s music boom “did not last long,” laments industry association Promusicae’s Antonio Guisasola. BARCELONA — Spain’s recording industry will suffer a direct hit of at least 100 million euros ($109 million) in losses due to the coronavirus outbreak, according to Spanish industry association Promusicae.
The dire prediction comes in the face of news that recorded music sales in Spain peaked in 2019, when intake rose to 296.4 million euros ($324 million), up more than 22% over 2018.
Those numbers, released Wednesday (April 1) by Promusicae, represent a long fought for and robust recovery from 2014, when the recording industry slid to its lowest point after a decade-long decline. “The coronavirus crisis has negatively impacted our activity