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 - 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