Audio Production Studios in the US
In the five years to 2016, the Audio Production Studios industry has performed well considering drastic changes in how media is consumed. IBISWorld estimates that industry revenue has grown over the five-year period. However, one of the greatest challenges facing the industry is the readily accessible recording equipment and widespread availability of distribution channels on the internet. Moving forward, the industry will continue to provide valuable services to a variety of media producers. While the availability of recording equipment has been increasing, this is no substitute for the expertise that audio production studios provide to clients. Another factor hurting the industry is the sharp decline of album sales. However, despite these issues, IBISWorld estimates that audio production studio revenue will grow over the five years to 2021.
Establishments in this industry provide facilities and technical expertise for sound recording in a studio. Companies provide audio production or postproduction services for producing master recordings and may provide audio services for film, television and video productions. After the recording has taken place, studios often perform postproduction services to adjust and master music recordings.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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