Industry
A recent economics report says that the music industry in Italy made 2.3 billion € in 2004. That sum refers to the sale of CDs, music electronics, musical instruments, and ticket sales for live performances; it represents a 4.35% growth over 2004. The actual sale of music albums has decreased slightly, but there has been a compensatory increase in paid-for digitally downloaded music from industry-approved sites. By way of comparison, the Italian recording industry ranks eighth in the world; Italians own 0.7 music albums per capita as opposed to the USA, in first-place with 2.7. The report cites a 20% increase in 2004 over 2003 in paid royalties for on-air as well as live music.
Nationwide, there are three state-run and three private TV networks. All provide live music at least some of the time, thus giving work to musicians, singers, and dancers. Many large cities in Italy have local TV stations, as well, which may provide live folk or dialect music often of interest only to the immediate area. Book and CD superstores have entered the Italian market over the last decade. The largest of these chains is Feltrinelli, originally a publishing house in the 1950s. In 2001, it geared up to the level of Multimedia Store and now sells massive quantities of recorded music. There are, as of 2006, 14 such mega-stores in Italy, with more planned. FNAC is another large chain, originally French. It has six large outlets in Italy. These stores also serve as venues for music performance, hosting several concerts a week.
Read more about this topic: Music Of Italy
Famous quotes containing the word industry:
“It is while we are young that the habit of industry is formed. If not then, it never is afterwards. The fortune of our lives therefore depends on employing well the short period of our youth.”
—Thomas Jefferson (1743–1826)
“As our boys and men are all expecting to be Presidents, so our girls and women must all hold themselves in readiness to preside in the White House; and in no city in the world can honest industry be more at a discount than in this capital of the government of the people.”
—Jane Grey Swisshelm (1815–1884)
“Bankers, nepotists, contracts and talkies: on four fingers one may count the leeches which have sucked a young and vigorous industry into paresis.”
—Dalton Trumbo (1905–1976)