Culture revenue up 2.6 billion euros in the third quarter of 2022 (+13% year-on-year rebound).
This business note published by the Department of Studies, Foresight, Statistics and Documentation (DEPS) measures economic activity of the market field of culture in the third quarter of 2022, based on the turnover reported by enterprises to the Directorate-General for Public Finance.
For the past year, quarterly activity measured in terms of the value of the market field of culture has exceeded its pre-crisis level in 2019.
The crop merchant field displays 13% year-on-year rebound in Q3 2022 (+ EUR 2.6 billion), recording a gain of €1.9 billion (+ 9 %) compared to 2019, the pre-crisis year considered “normal”.
This rebound corresponds to a sector growth du live performance, du video game and of wealth management. The other cultural sectors show less or stable growth in turnover.
Analysis by commercial cultural sector in Q3 2022* :
The film attendance is down 9% from Q3 2021 and Net decrease compared to the same quarter of 2019 (-31%). The number of entries in Q3 2022 is close to 32 millioncompared to 45 million in the third quarter of 2019.
Turnover of advertising agencies exceeds by 12% its value of the third quarter 2021 and is stable compared to 2019.
Turnover of the press 8% year-on-year growth but remains just over 2% lower than the same quarter of 2019.
Turnover in the audiovisual and film sector increases by 6% over the third
quarter 2021 ; the increase is of 11% over 2019. This sector is experiencing a
growth in value over the last five quarters compared to the pre-crisis situation (2019).
The turnover of radio equal its third quarter 2021 value and slightly exceeds more than 3% that of the third quarter 2019.
As in the previous two quarters, in Q3 2022, the pound thus knows a stability of its turnover over a year, this one successor to the dynamism of the sector observed as of the third quarter 2020 and until Q4 2021.
Activity in the recorded music sector grows sharply + 12 % compared to 2021 and
+25% compared to 2019.
This quarter was marked by a strong rebound of
the videogame activity, at almost +50% compared to the same periods in 2021 and 2019.
Turnover from live entertainment
merchant shows a strong 66% rebound compared to its value in the third quarter of 2021. Revenues from the live market show in the third quarter
2022 also exceed 18% their corresponding 2019 value.
Visual arts turnover exceeds by 25% its value taken in the third quarter 2021 and of 35% its value taken in the third quarter 2019.
The turnover generated by the architecture activities
grew by 9% year-on-year and 7% above its Q3 2019 value.
This quarter significantly exceeds (+14%) the third quarter of 2019.
REMEMBER:
€2.6 billion overall quarterly gain
13% rebound over one year for the commercial field of culture
Top contributors:
- Performing arts (66%)
- Video game (48%)
- Wealth management (31%)
The film screening and, to a lesser extent, the press are this quarter the only two cultural sectors whose quarterly turnover has still not reached or exceeded its corresponding pre-crisis value of 2019.
*Details of the method, data and classification of cultural activities pages 19 to 22.
Ludovic Bourlès, Yann Nicolas
Collection Economic Outlook Note, 2023#1, 24p., January 2023
