Italian music industry saw digital and physical sales grow in 2015

Italy flag canvasThe 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.

Anna Washenko