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Independent Label Music Production in the UK - Industry Market Research Report

Publisher IBISWorld
Published Aug 13, 2024
Length 72 Pages
SKU # IBSS19120292

Description

Independent Label Music Production in the UK - Industry Market Research Report


Independent Label Music Production in the UK

In recent years, shifts from physical to digital media have had greatly influenced the music industry. Over the five years through 2023-24, industry revenue is expected to increase at a compound annual rate of 0.1%, to reach £375.5 million. Revenue tanked in 2020-21, on the back of dwindling physical media sales due to forced store closures and cancelled tours, concerts and gigs due to responsive pandemic-related responses. Revenue is forecast to grow by 1.4% in 2023-24 with increasingly popular streaming services regularly adapting to a monetisation environment.

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 major labels, and independent labels frequently outsource manufacturing and distribution of physical records. Major labels are included in the Major Label Music Production industry.

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

72 Pages
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
Major Markets
Globalisation & Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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