In the first half of 2021, subscriptions to audio streaming services generated the highest income in the music industry in Italy. This sector's profit amounted to 67 million euros, a significant increase compared to the first half of 2019 when it reached 36 million euros. On the other hand, the physical market's value remarkably decreased. Between the first half of 2019 and the first half of 2020, the market value of CDs roughly halved, going down from 14.6 million euros to seven million euros, while the income of vinyl records dropped by 2.6 million. In this respect, it is reasonable to think that the coronavirus pandemic also had an impact on the physical market as record shops had to close during the lockdown in Italy between March and May 2020. The market slightly recovered in 2021 to ten million euros in CD sales.
Market value of the music industry in Italy in 1st half 2019 and 1st half 2021, by sector (in 1,000 euros)
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Other statistics that may interest you Music industry in Italy
Overview
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- Premium Statistic Market value of the music industry in Italy H1 2019-H1 2020, by segment
- Premium Statistic Market value of the music industry in Italy H1 2019-H1 2021, by sector
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Music and podcasts industry
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Music industry in the coronavirus pandemic
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Companies
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- Premium Statistic Number of music distribution companies in Italy 2021, by region
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Concerts
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Online streaming
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Music listening habits
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Favorite music genres
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FIMI. (September 22, 2021). Market value of the music industry in Italy in 1st half 2019 and 1st half 2021, by sector (in 1,000 euros) [Graph]. In Statista. Retrieved June 01, 2024, from https://www.statista.com/statistics/1180938/market-value-of-the-music-industry-in-italy-by-sector/
FIMI. "Market value of the music industry in Italy in 1st half 2019 and 1st half 2021, by sector (in 1,000 euros)." Chart. September 22, 2021. Statista. Accessed June 01, 2024. https://www.statista.com/statistics/1180938/market-value-of-the-music-industry-in-italy-by-sector/
FIMI. (2021). Market value of the music industry in Italy in 1st half 2019 and 1st half 2021, by sector (in 1,000 euros). Statista. Statista Inc.. Accessed: June 01, 2024. https://www.statista.com/statistics/1180938/market-value-of-the-music-industry-in-italy-by-sector/
FIMI. "Market Value of The Music Industry in Italy in 1st Half 2019 and 1st Half 2021, by Sector (in 1,000 Euros)." Statista, Statista Inc., 22 Sep 2021, https://www.statista.com/statistics/1180938/market-value-of-the-music-industry-in-italy-by-sector/
FIMI, Market value of the music industry in Italy in 1st half 2019 and 1st half 2021, by sector (in 1,000 euros) Statista, https://www.statista.com/statistics/1180938/market-value-of-the-music-industry-in-italy-by-sector/ (last visited June 01, 2024)
Market value of the music industry in Italy in 1st half 2019 and 1st half 2021, by sector (in 1,000 euros) [Graph], FIMI, September 22, 2021. [Online]. Available: https://www.statista.com/statistics/1180938/market-value-of-the-music-industry-in-italy-by-sector/