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The balance of the first six months of the year for the recorded music market in Italy is undoubtedly positive: there is in fact an overall growth of 14.2%, with a turnover of more than €176 million, according to Deloitte data for the Federation of the Italian Music Industry (FIMI). It is the streaming segment that dominates the scenario, reaching 139 million euros for an overall growth of 16%, with the subscription segment alone registering +18.2%. Final accounts in the sector are usually done in March, when IFPI (International Federation of the Phonographic Industry) data come out, but from what we can see so far, 2023 should represent the ninth consecutive year of growth for Italy's recorded music. Revenues from ad-supported audio are also up, up 22.9%, while there is a slight decline in video streaming revenues (-0.5%). Overall, digital now accounts for 84% of the market, in line with 2022 results. Positive signs also for the physical segment, which covers a 16% market share and closes the six-month period at +9.4%: dominating is the stainless vinyl segment, which grows 14.3%, but there is also a turnaround for CD, which stands at 5.3%. Streaming takes the lion's share (€138.9 million), thanks mainly to premium streaming (90.8 million euros), followed by ad-supported streaming (€28.5 million) and precisely video (€19.5 million). Physical is a €27.9 million affair, where the primacy of vinyl (€16.8 million) over the residual CD (€10.9 million) has now been consolidated.
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