Recorded music revenues in Italy increased last year for the first time since 2002.
Figures published by Deloitte for FIMI, the organisation that represents the Italian recording industry, reveal revenues increased by 4% in 2013 to €117.6 million. Growth was 2% excluding brand partnerships, performance rights and synchronisation deals.
Revenue from digital music channels increased by 18% to €38.1 million and now accounts for 32% of the overall recorded music market.
Growth was driven by streaming services, which generated a ...