The balance of the first six months of the year for the recorded music market in Italy is certainly positive: it marks an overall growth of 14.2%, with a turnover of over 175 million euros (Deloitte data for Fimi).
It is the streaming sector that dominates the Italian scenario, reaching 139 million for an overall growth of 16%, with the subscription segment alone marking +18.2%.
Revenues from the ad-supported audio segment also rose by 22.9%, while video streaming revenues fell slightly by -0.5%.
Overall, digital now represents 84% of the market, in line with the results of 2022.
A positive sign also for the physical sector, which covers a market share of 16% and closes the semester at +9.4%: dominating is the stainless vinyl segment, which grows by 14.3% and with a trend reversal for the CD also up 5.3%.
Of note, especially for this segment, is the impact of the Bonus Cultura 18app, which at the end of June had generated over 8 million euros. The first half of the year also confirms the dominance of the Italian repertoire, with the top ten albums and singles led by Italian titles.
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