Italian concert sector brings €1bn economic boost

Italy’s concert industry was worth almost €1 billion to the country’s economy last year, according to newly released figures.

Based on IFPI, Deloitte, Italian Society of Authors and Publishers (SIAE), DISMA and GFK data, the Federation of the Italian Music Industry (FIMI) reports the overall economic value of music in Italy in 2023 was €4.3bn, with total direct contributions amounting to €3.1bn.

“The Italian musical ecosystem is a very relevant element in the field of the cultural industry” says FIMI CEO Enzo Mazza. “In this context, the value of musical recording as a key element in the industry must also be considered, around which increasingly relevant economies are generated thanks to the technological innovation.”

The concert sector was the biggest driver, generating €967.4m. Combined with…

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