Italy Archives

Italian record industry grows 34% in the first half of 2021

08/09/2021

Italian record industry grows 34% in the first half of 2021 with streaming subscriptions growing by 41% in the same period. According to Deloitte data commissioned by FIMI, the Italian recording industry association, streaming subscription growth continues a trend that began in 2020 with a strong general shift of consumers towards subscription services. After a complex 2020 in terms of access to retail outlets and distribution caused by the pandemic, the physical segment has also […]

Streaming during 2020 was up 31.8% in Italy

17/01/2021

Streaming during 2020 was up 31.8% in Italy reaching a record 1Bn streams per week during the last weeks of 2020 according to FIMI, the Italian music industry association. According to data compiled by GfK data for the association, premium streaming dominated the market this year with a growth of 31.8%, while free streaming was up 9%. The lockdown and the related closure of many stores has slowed down the sales of physical media which after months […]

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 […]