The Music Publishing industry is in the midst of an important transition. The fall of physical album sales and digital downloads over the past five years has forced publishers to seek new revenue sources and become less dependent on traditional licensing platforms. To meet changing consumer needs, music publishers are continuously cultivating licensing agreements with new revenue streams like mobile outlets, online radio platforms and subscription-based streaming music services. The industry's shift from high-margin physical album sales and digital downloads to online streaming music may result in continued challenges. The digitization of music will continue to aid the industry's growth and additional measures taken by the government to combat piracy will benefit publishers.
This industry acquires, copyrights and authorizes the licensed use of musical compositions and recordings. Publishers may own the rights to various musical works or have been chosen to administer copyright and licensing agreements on behalf of musicians, songwriters and composers. Licensing agreements specify the royalties paid to publishers in exchange for authorized use of these works through various media channels.
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.