The Federazione Industria Musicale Italiana, Italy’s music trade body, released its 2015 report, which showed continued growth for both digital and physical formats. The industry posted 21% overall growth to €148 million ($169 million) for the year, largely on the back of a 17% increase in physical sales.
Digital continued to increase, up from 38% of the market in 2014 to 41% last year, to a total of €60 million ($68 million). Revenue from all digital sources totaled €60 million ($68 million). For subscription streaming services, revenue rose 63% on-year to nearly €27 million ($30 million) and accounted for 45% of all digital. Ad-supported streaming generated more than €14 million ($16 million), up 38% from 2014.