The impact of digital on the music industry

Interview with Enzo Mazza, CEO of FIMI

In the late 1990s, the music industry reacted conservatively to the market introduction of the first file sharing tools, such as MP3, until it experienced moments of panic when Napster counted 63 million users worldwide, illegally; panic that will last until the announcement of iTunes, the first digital music store. ​“Today record companies, like Universal Music, have an assessment on the Amsterdam stock exchange of billions of dollars; this gives an idea of what has happened in these 20 years in the sector” commented Enzo Mazza, CEO of FIMI, Italian Music Industry Federation, one of the speakers at the conference on November 18^th in Modena, on the impact that digital will also have in automotive sector.

In this ​“Digital Conversation” together with Andrea Violante of NiEW, Mazza retraces the salient moments of the evolution of the sector, the transformation of the professional profiles that operate in, and the business models that have necessarily changed, encouraging significant opportunities for innovation.

Below is an excerpt from the interview.

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