{"id":7773,"date":"2022-03-22T11:34:14","date_gmt":"2022-03-22T10:34:14","guid":{"rendered":"https:\/\/www.fimi.it\/?post_type=news&p=7773"},"modified":"2025-07-18T09:25:43","modified_gmt":"2025-07-18T07:25:43","slug":"italian-recorded-music-revenues-grew-27-8-in-2021","status":"publish","type":"news","link":"https:\/\/www.fimi.it\/en\/news\/italian-recorded-music-revenues-grew-27-8-in-2021\/","title":{"rendered":"Italian Recorded Music Revenues Grew 27.8% in 2021"},"content":{"rendered":"
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Digital music consumption, fuelled by growth in paid subscription streaming, drives the music growth<\/p>\n<\/div>\n

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According to FIMI, the organisation that represents the italian recorded music industry, there was a strong growth of 27,8% and more than \u20ac 332 million of revenue for local revenues, boosting Italy to the\u00a0top ten of the most important global markets\u00a0<\/strong>after five years.<\/p>\n

Deloitte\/IFPI market data show that, as had happened in 2020,\u00a0revenues from new streaming accounts boosted the whole italian record industry:<\/strong>\u00a0paid subscription streaming segment rose by 35,6%.<\/p>\n<\/div>\n

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\"Italian<\/p>\n

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Strong impact has also been seen in the video streaming area, which, thanks to advertising, rose by +46,3%. Overall, the whole audio and video streaming segment grew by 24,6%, reaching \u20ac208 million. Considering the only audio segment,\u00a0Italian consumers achieve over a billion of streams every week.<\/strong>\u00a0Generally, as highlighted also by the IFPI\u00a0Engaging with Music<\/em><\/a>\u00a0research, in 2021 Italian consumers spent over 19 hours a week by listening to music: 45% of them through a premium account, whereas the percentage rises of 57% in people aged 16 to 24 years.<\/p>\n

After a difficult 2020,\u00a0also CD sales come to generate renevue, growing up to +10.6%\u00a0<\/strong>– nevertheless, this data remains lower when compared to 2019. Considering physical sales in particular, the enduring growth of vinyl continues. After overcoming CD sales at the beginning of 2021, the vinyl segment confirmes its exploit due to a rise of nearly 79%, while other physical formats like audio cassette revenues increased by 245%.\u00a0The Italian Culture Bonus \u2013 500 \u20ac provided by the Italian State to the 18 years olds for them to spend to buy books, cinema tickets, concert tickets and recorded music (both physical and digital) – made the difference<\/strong>\u00a0with regard to the physical formats, whose impact came to represent over \u20ac 21 million overall.<\/p>\n

Also\u00a0performance rights<\/strong>\u00a0segment rose with a +37,2% to \u20ac 52 million, while music\u00a0synchronization\u00a0licenses<\/strong>\u00a0increased to 36,4%, passing \u20ac 10 million for the first time.<\/p>\n

This was a particular strong year for the Italian music market: these results\u00a0confirms the wide investments on Italian artists and new young talents by local record labels.<\/strong>\u00a0Tax credits for new productions, furthermore, definitely had positive effects.<\/p>\n

In the annual charts, Italian repertoire dominates both the Album and the Single\u00a0top tens<\/em>: a large group of Gen Z artists obtained wide-ranging results by winning several platinum records. Overall, in 2021 a number of 231 Albums, 6 Compilations and 1.054 Digital Single Tracks have been awarded with gold, platinum, and multiplatinum records.<\/p>\n

Due to the strong innovation within the\u00a0music industry<\/strong>\u00a0(among the leading segments of Italian digital economy)<\/strong>\u00a0successful opportunities have been created for artists.<\/p>\n

In 2021, 479 albums surpassed 10 million of streams from 302 artists, a very relevant growth comparing ten years ago.<\/p>\n

In 2011 only 134 albums by 105 artists exceeded the equivalent threshold of 10.000 copies (physical + download): a very important data, even considering the\u00a0economic sustainability of the market.<\/strong><\/p>\n

During the past year renevues also grew for the Italian music abroad, which in terms of royalties generated from abroad, has grown by 66% reaching about \u20ac 20 million.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Digital music consumption, fuelled by growth in paid subscription streaming, drives the music growth According to FIMI, the organisation that represents the italian recorded music industry, there was a strong growth of 27,8% and more than \u20ac 332 million of revenue for local revenues, boosting Italy to the\u00a0top ten of the most important global markets\u00a0after […]<\/p>\n","protected":false},"author":2,"featured_media":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categorienews":[],"tags_news":[],"class_list":["post-7773","news","type-news","status-publish","hentry"],"acf":[],"yoast_head":"\nItalian Recorded Music Revenues Grew 27.8% in 2021 - Fimi<\/title>\n<meta name=\"description\" content=\"Italian Recorded Music Revenues Grew 27.8% in 2021\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fimi.it\/en\/news\/italian-recorded-music-revenues-grew-27-8-in-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Italian Recorded Music Revenues Grew 27.8% in 2021 - 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