Major Label Music Production in the US
Prior to the emergence of the internet, the Major Label Music Production industry experienced healthy profit margins and consistent revenue growth from strong physical album sales. As high-speed internet access proliferated throughout the United States, the market for music shifted and record labels struggled to adapt. The prominence of streaming services has increased during the latter half of the period as the number of internet-enabled devices increased dramatically. As a result, revenue generated by industry operators from streaming services has begun to outpace losses from lower physical and digital album sales. As consumers increasingly gain access to music wherever they go, industry revenue derived from streaming services is expected to more than mitigate lost revenue from the sale of physical and digital albums.
Record labels are responsible for finding musical talent, recording their work and selling it to retail outlets. The ability to oversee distribution of physical media and negotiate comprehensive publishing deals separates major labels from smaller independent labels. Major labels also commonly have deeper and broader talent rosters.
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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