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Music Publishing and Sound Recording in Australia - Industry Market Research Report

Publisher IBISWorld
Published Mar 14, 2024
Length 41 Pages
SKU # IBSS18691641

Description

Music Publishing and Sound Recording in Australia - Industry Market Research Report


Music Publishing and Sound Recording in Australia

Operators in the industry have contended with technological and economic disruptions in recent years. Technological changes have had a profound effect on the industry, with physical record sales declining strongly and online music piracy further threatening revenue. However, greater internet connectivity has boosted demand for digital music content, with music streaming services, such as Spotify and Apple Music, significantly growing in popularity. Strong growth in streaming service subscriber numbers has driven industry revenue growth. Industry revenue is expected to rise at an average of 0.2% over the five years through 2022-23, to $1.0 billion. This trend includes an anticipated 1.8% drop in the current year as inflationary pressures limit people's spending power.

Industry companies primarily acquire and register copyrights for musical compositions and authorise the use of these compositions on a range of platforms, including radio broadcasts, television programs, films, live performances and online formats. The industry also includes companies that produce original master recordings and complete other sound recording activities.

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

Table of Contents

41 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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