Report: Italy's Recorded Music Growth To Halt In 2020

"Signs Of Crisis"

MUSIC BUSINESS WORLDWIDE is reporting that the COVID-19 crisis is expected to halt ITALY's recorded music growth in 2020. In 2019, an ITALY-based recorded music association, FIMI, reported trade revenue up 8.2% ($278 million).

Today (3/24), FIMI issued a warning to the global record industry. In a statement, FIMI forecast that "COVID-19 will stop (the ITALIAN record industry's) growth in 2020." FIMI noted that the market is showing "signs of crisis with potentially extremely serious effects in the coming months."

See more from MUSIC BUSINESS WORLDWIDE here.

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