Independent Label Music Production in the US - Industry Market Research Report
Description
Independent Label Music Production in the US - Industry Market Research Report
Independent Label Music Production in the US
Independent labels have struggled to adapt to the rise of streaming services as a replacement for album sales. The convenience and expansive library of music at one flat price has resonated with the demands of the modern music listener, but poor monetization and low per-minute royalties have led to steady losses for labels and artists. Because of these challenges, industry-wide revenue has been falling at an average annualized 2.1% over the past five years and is expected to total $356.0 million in 2023, when revenue will drop by an estimated 1.4%.
Independent record labels find musical talent, finance the production of music and distribute recordings to retail and digital outlets. These labels have smaller budgets and operations than those of major labels, and independent labels frequently outsource manufacturing and distribution of physical records. Major labels are included in the Major Label Music Production industry (IBISWorld report 51222).
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.
Independent Label Music Production in the US
Independent labels have struggled to adapt to the rise of streaming services as a replacement for album sales. The convenience and expansive library of music at one flat price has resonated with the demands of the modern music listener, but poor monetization and low per-minute royalties have led to steady losses for labels and artists. Because of these challenges, industry-wide revenue has been falling at an average annualized 2.1% over the past five years and is expected to total $356.0 million in 2023, when revenue will drop by an estimated 1.4%.
Independent record labels find musical talent, finance the production of music and distribute recordings to retail and digital outlets. These labels have smaller budgets and operations than those of major labels, and independent labels frequently outsource manufacturing and distribution of physical records. Major labels are included in the Major Label Music Production industry (IBISWorld report 51222).
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
40 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
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 & GLOSSARY
Pricing
Currency Rates
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