FIMI Archives

Music industry grows in Italy despite pandemic

26/09/2020

Music industry grows in Italy despite pandemic with streaming music subscriptions up 33% in first half of 2020 according to FIMI, the Italian music industry association. The lockdown has not stopped the enjoyment of music in Italy although this is increasingly driven by digital which now makes up 86% of all industry revenues. Of this, 82% is represented by streaming, which generated €68 million in the first six months of 2020. This is a significant leap compared […]

Digital music sales in Italy hit 85% during pandemic

06/08/2020

Digital music sales in Italy hit 85% during the pandemic with streaming increasing from 60% to 80% of sales in the first half of the year according to FIMI, the Italian recorded music industry association. This unprecedented shift to digital music is the result of the lockdown in Italy and its effect on the Italian record market. Subscription revenues have also increased by 33% in the first half of the year. The trend in Italy […]

COVID-19 will stop Italian music growth in 2020

26/03/2020

COVID-19 will stop Italian music growth in 2020 setting back the best results in five years for the industry in 2019 with growth of 8% which reached a total of €247 million. With the entire music supply chain stopped for more than a month because of the Coronavirus pandemic the effects on the Italian record industry are already being felt. There has already been a drop in the physical segment (CDs and vinyl) of over […]

Local music dominates Italian charts in 2019

13/01/2020

Local music dominates Italian charts in 2019 with 9 out of the top ten albums being Italian according to FIMI the Italian recorded music industry association. Colpa della Favole by Ultimo was the top album followed by Playlist Live by Salmo and in third place Machete Mixtape 4 by Machete. The only international name in the Top Ten is Queen, in tenth place with Bohemian Rhapsody, while the first female artist is positioned at number 15 […]

SOURCE: FIMI - Italian music industry in the first half of 2019

Italian music industry grows 5% in first half of 2019

12/08/2019

Italian music industry grows 5% in first half of 2019 with streaming subscription revenue up by 32% according to FIMI, the Italian recording industry association. Figures released for the first 6 months of 2019 show that streaming represents 63% of all the revenues of the Italian recording industry generating over €54 million in the first six months of 2019. Subscription revenue grew by 32% compared to 2018 and revenues from ad-supported audio also increased exceeding those of video sharing. Digital […]

Music piracy collapses in Italy

15/07/2019

Music piracy collapses in Italy with a 35% reduction in one year according to the latest data collected by the company Similarweb for IFPI and FIMI. The figures show a sharp decline in piracy in Italy with digital counterfeiting and the illegal distribution of online music via web and mobile dropping by 35% in the year from March 2018 and by over 50% compared to March 2017. In the first three months of 2019 the […]