Revenue in the Global Music Production and Distribution industry fell over the five years to 2017 because many of the industry's largest companies have failed to leverage a crop of potential new revenue streams to compensate for the extreme drop in physical album sales over the past five years. Unfortunately, over the five years to 2022, industry revenue is expected to continue contracting. Music companies' performance over this period hinges on their ability to embrace new technology.
Operators in this industry sign musicians and artists to recording contracts, allocate budgets for artists' recordings, produce and master artists' work, distribute artists' music to retail and promote the artists' work through various advertising campaigns. This industry also includes music publishing activities, which involves the leasing of music as intellectual property for use beyond live performance such as in promotional material and other forms of media.
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.