Industry Analysis & Industry Trends
Revenue in the Global Music Production and Distribution industry fell over the five years to 2016 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 2021, industry revenue is expected to continue contracting. Music companies' performance over this period hinges on their ability to embrace new technology... read more
The industry is dominated by operators based in the United States and Europe. Nearly three-quarters of revenue in the industry is located in these areas, with North Asia (comprising Japan and South Korea) the only other region with a meaningful share of revenue.
Many of the industry's largest players are headquartered in the United States and most earn the bulk of their revenue in the United States. The United States comprises 29.8% of total industry revenue, which is 91.3% of the North American region's revenue. With an advertising industry worth about 35.0% of the global total, the US is the largest single user of music licensing in advertising, and has pioneered the use of music as a marketing tool... read more