Industry Analysis & Industry Trends
Competition from free digital substitutes and self-publlishing platforms has diminished Sheet Music Publishers industry revenue over the past five years. Limited goverment funding for the arts has further contributed to this decline, as music educators have reduced purchases of industry products amid budget constraints. Although the industry's move to begin selling digital sheet music has mitigated its overall decline, the internet will also continue to constrain the industry's growth potential by enabling the sharing of pirated sheet music. These trends are expected to continue over the next five years, contributing to further decreases in industry revenue.... purchase to read more
Industry Report - Starting a New Business Chapter
The major barriers to entry include the costs of licensing content; purchasing paper, printing and printers; developing distribution channels; and marketing. While most of these activities can be outsourced, revenue is never guaranteed, and the costs typically recur for each product published.
Established sheet music businesses streamline operations on a regular basis, though, cutting their production costs. This factor enables established publishers to offer products at lower prices. There are higher barriers in the educational sheet music and music book-publishing market due to the importance of brand names and relatively high investment in the marketing and distribution to this lucrative market sector... purchase to read more