Global Music Production and Distribution - Industry Market Research Report
Description
Global Music Production and Distribution
Digital music has ultimately shifted how artists engage with fans, a transition that has had major implications for global music producers and distributors. Digital sales have plummeted as subscriptions to streaming platforms providing massive libraries of albums surge. Physical sales have dipped but declined considerably as a share of revenue because of surging growth from streaming royalties. Industry-wide revenue has been growing at a CAGR of 4.4% over the past five years and is expected to total $38.7 billion in 2023, when revenue will jump by an estimated 3.3%, with profit set to climb to 9.5%.
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, which involves leasing music as intellectual property for use beyond live performance such as in promotional material and other forms of media, notably, streaming services.
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.
Digital music has ultimately shifted how artists engage with fans, a transition that has had major implications for global music producers and distributors. Digital sales have plummeted as subscriptions to streaming platforms providing massive libraries of albums surge. Physical sales have dipped but declined considerably as a share of revenue because of surging growth from streaming royalties. Industry-wide revenue has been growing at a CAGR of 4.4% over the past five years and is expected to total $38.7 billion in 2023, when revenue will jump by an estimated 3.3%, with profit set to climb to 9.5%.
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, which involves leasing music as intellectual property for use beyond live performance such as in promotional material and other forms of media, notably, streaming services.
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.
Table of Contents
41 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON
Search Inside Report
Pricing
Currency Rates
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