Italian music industry up 15.1% in Q1 2024

Revenues worth over 200 million euros - Deloitte data for FIMI

By: ansa.it

Aug 27 2024
39
2612 Views

Italian music industry up 15.1

The Italian music industry grew 15.1% in the first semester of 2024 with revenues worth over 200 million euros, according to data provided by the Deloitte consulting service provider for Italian music industry federation FIMI published on Tuesday.
    The result was significantly affected by the impact of streaming premium with revenues growing by 23%, leading the entire streaming segment to cover 81% of the market thanks to an overall growth of 18.1%.
    In the first half of 2024, according to data provided by German research institute Growth from Knowledge (GfK), the streaming market's volume rose by 31.7% with over 46 billion totalized streams.
    In addition, video streaming revenues went up 23.5%.
    The physical albums' market also grew 5.7% with a 15% share of the sector - a result impacted by the growth of vinyl records which went up 16% while the CD segment went down 10.6%.