Industry Analysis & Industry Trends
Revenue in the Global Music Production and Distribution industry fell over the five years to 2015 because many of the industry's largest companies have failed to leverage a crop of potential new revenue streams to compensate for the extreme drop in physical album sales over the past five years. Unfortunately, over the five years to 2020, industry revenue is expected to continue contracting, and music companies' performance over this period hinges on their ability to embrace new technology... read more
Starting a New Business
Barriers preventing new entrants into the industry have been falling rapidly since low-cost digital recording, online music retailing and streaming of songs became commonplace and widely accepted. What is unusual about this industry is that so many are making the effort to enter an industry that is clearly in decline.
Once, the major labels were in a position to dominate access to all talent and could crowd out new competitors by outbidding them for all potentially successful artists. Today, with internet technology making it easier to locate and communicate with artists, small, niche labels can exploit the majors' poor reputation for artist relations and sign contracts with up-and-comers... read more