Music Publishing in Canada
The Music Publishing industry in Canada is in the middle of a gradual transition toward royalty collection from music services from its traditional business model of album sales. Falling sales of both physical albums and digital downloads have forced publishers to seek out new revenue sources and become less dependent on their traditional licensing platforms. To meet changing consumer preferences, publishers are continuously cultivating licensing agreements with newer revenue streams, such as mobile applications, online radio platforms and subscription-based music services. This transition has buoyed the industry in recent years. The shift toward digital platforms has helped publishers unearth several new revenue streams. However, the future performance of these mediums hinges on the ability to overcome new obstacles. The future is positive for an industry that has struggled with frequent changes to its revenue streams over the past decade.
This industry is responsible for acquiring and registering copyrights for the musical compositions of musicians, songwriters and composers. Establishments license the intellectual property of their clients, authorize the use of these compositions through various media outlets and ensure that royalties are paid to the creators of these works. Establishments act on behalf of the copyright owners and generate revenue through various licensing agreements.
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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