{"id":7736,"date":"2025-03-19T11:19:53","date_gmt":"2025-03-19T10:19:53","guid":{"rendered":"https:\/\/www.fimi.it\/?post_type=news&p=7736"},"modified":"2025-07-18T09:06:17","modified_gmt":"2025-07-18T07:06:17","slug":"italian-recorded-music-revenues-rise-by-8-5-in-2024-italy-is-the-third-largest-market-in-eu-growing-more-than-global-and-regional-averages","status":"publish","type":"news","link":"https:\/\/www.fimi.it\/en\/news\/italian-recorded-music-revenues-rise-by-8-5-in-2024-italy-is-the-third-largest-market-in-eu-growing-more-than-global-and-regional-averages\/","title":{"rendered":"ITALIAN RECORDED MUSIC REVENUES RISE BY 8.5% IN 2024 \u2013 ITALY IS THE THIRD-LARGEST MARKET IN EU, GROWING MORE THAN GLOBAL AND REGIONAL AVERAGES"},"content":{"rendered":"
\n

It\u2019s the seventh consecutive year of growth<\/h2>\n

FIMI publishes its exclusive 2024 Report<\/h2>\n<\/div>\n
<\/div>\n
\n

For the\u00a0seventh consecutive year of growth<\/strong>, the Italian recorded music market confirms its vitality with an\u00a0overall increase of 8.5% in 2024<\/strong>, reaching almost half a billion euros (461.2 million) and positioning as the\u00a0third-largest important market in the EU<\/strong>\u00a0after Germany and France.<\/p>\n

The Expansion of Digital and the Drive of Streaming<\/h2>\n

The driving force is streaming<\/strong>, representing\u00a067% of total revenues<\/strong>\u00a0and recording\u00a013.5% growth<\/strong>\u00a0– 308.1 million euros. With a total amount of\u00a095 billion streams during 2024<\/strong>\u00a0(up 31% compared to 2023), the most relevant segment is represented by\u00a0subscriptions<\/strong>\u00a0– which recorded an increase of 17.1% – while the\u00a0ad-supported<\/strong>\u00a0segment remains stable, recording a modest +0.4%: these data confirm the growing interest of Italian consumers in subscription-based models, which offer unlimited access to increasingly larger and more diversified catalogues. The\u00a0video streaming<\/strong>\u00a0segment also recorded a significant increase (+14.1%), demonstrating how audiovisual content continues to represent an important lever for music consumption.<\/p>\n

And despite the physiological decline in\u00a0downloads<\/strong>\u00a0(-12.7%), the\u00a0Italian digital market<\/strong>\u00a0as a whole reached 312.2 million euros, with a\u00a0growth of 13.1%<\/strong>\u00a0compared to 2023.<\/p>\n<\/div>\n

 <\/p>\n

\"Italian<\/p>\n

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 <\/p>\n

The impact of the Government’s Culture Cards on the slowdown of Physical<\/h2>\n

Beyond the unstoppable advance of digital, the\u00a0physical market<\/strong>\u00a0continues to play an important role, accounting for\u00a013% of total revenues<\/strong>, although overall it recorded a\u00a02.1% decline<\/strong>, settling at 61.3 million euros. This slowdown is due to the replacement of the Italian Government\u2019s Culture Bonus with the new\u00a0Culture Cards for income brackets and excellent students<\/strong>, which have provided less incentive for purchasing recorded music.<\/p>\n

Despite the overall decline in the segment,\u00a0vinyl<\/strong>\u00a0remains the preferred physical medium format for Italian music lovers with a\u00a0growth of 6.8%<\/strong>\u00a0(38.9 million euros): this is the\u00a0sixth consecutive year of growth for the format<\/strong>\u00a0that places\u00a0Italy as the eighth-largest market globally<\/strong>.<\/p>\n

Reversed trends for Performance Rights and Synchronizations<\/h2>\n

Performance rights<\/strong>\u00a0also recorded an\u00a0increase of 2.6%<\/strong>, reaching 74.8 million euros and covering 16% of total revenues, representing the\u00a0second source of revenues in the Italian record market after streaming<\/strong>.<\/p>\n

Despite the decline recorded in the\u00a0Private copy<\/em>\u00a0area due to the decline in electronic devices\u2019 sales, the overall figure testifies to the growing importance of royalties deriving from the public use of music: an area that continues to guarantee significant revenues for artists and producers.<\/p>\n

On the contrary,\u00a0Synchronizations<\/strong>\u00a0recorded a\u00a04.8% decline<\/strong>, bringing the segment\u2019s share to just 3% of total revenues: this is the result of an increasingly intense competition in the music licensing market and a slight reduction in investments in this area.<\/p>\n

Italian music export on the rise<\/h2>\n

Royalties from Italian Music Export<\/strong>\u00a0performed very well, reaching a total of 27.95 million euros in 2024, marking an increase of 13.8%: digital segment is naturally the main driver of this growth, with a significant increase of 24.4%.<\/p>\n

Overall the growth of Italian music export revenues increased by over 16 million euros from 2020 to 2024, reaching a\u00a0growth of 140% in just five years<\/strong>.<\/p>\n

Redefining Italian music consumption<\/h2>\n

The 2024 data confirm the structural transformation of the Italian market, increasingly oriented towards digital and\u00a0consumption models based on access rather than ownership<\/strong>: the continuous expansion of paid streaming underlines a change in the listeners habits, with music in 2024 being more oriented towards\u00a0new releases<\/strong>\u00a0than the catalog (82% of streams come from songs released from 2010 onwards) and linked to the\u00a0local repertoire<\/strong>\u00a0(45% of total streams), which within the\u00a0annual charts<\/a>\u00a0has gone from occupying 59% to 84% in the last ten years.<\/p>\n

This result is linked to the great\u00a0generational turnover<\/strong>\u00a0that has not been recorded in other sectors of the Italian cultural industry: from 2014 to 2024, in fact, the average age of the artists present in the annual Top Ten has decreased by 31.7%.<\/p>\n

Overall, the Italian record market confirms its highly dynamic nature, with prospects for further growth driven by technological innovation and new models of music consumption: insights and additional exclusive data are available in the new report\u00a0THE ITALIAN RECORD MARKET<\/strong>\u00a0available on the\u00a0FIMI\u2019s website<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

It\u2019s the seventh consecutive year of growth FIMI publishes its exclusive 2024 Report For the\u00a0seventh consecutive year of growth, the Italian recorded music market confirms its vitality with an\u00a0overall increase of 8.5% in 2024, reaching almost half a billion euros (461.2 million) and positioning as the\u00a0third-largest important market in the EU\u00a0after Germany and France. 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