Industry Analysis & Industry Trends
Diminished disposable incomes during the recession, combined with competition from free digital substitutes for sheet music, have reduced spending on the industry. Online sales also enabled consumers to shop around for the cheapest sheet music, further hampering revenue during this time. As disposable income rebounds in the coming years, publishers are expected to achieve greater success in drawing consumers back into the fold. Nonetheless, this growth will only balance out the limited funding expected for music programs as governments crunch down on the deficit in the next several years.... purchase to read more
Industry Report - Industry Locations Chapter
Sheet music publishers are concentrated in several major cities throughout the United States, where they house most staff and printing facilities. Companies are also concentrated near where university publishing houses with similar distribution circuits are located. The localization in highly populated areas also cuts costs on book delivery, enabling sheet music publishers to earn greater profit. As a result, the Mid-Atlantic region has the largest share of sheet music publishers because it includes the biggest sheet music publishing houses. New York state houses the largest share of publishing houses (21.2%), while California has the second largest (17.1%)... purchase to read more