Overview

Getting a remix: Diversified digital media outlets may open up new revenue streams for struggling publishers

IBISWorld’s industry research report on Music Publishing provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • The shift toward digital platforms has helped music publishers unearth new revenue streams
  • The industry is taking steps to improve the policing of illegal downloading
  • Free digital services will challenge potential growth markets
  • Industry Analysis & Industry Trends

    The Music Publishing industry is in the midst of an important transition. The fall of physical album sales and digital downloads over the past five years has forced publishers to seek new revenue sources and become less dependent on traditional licensing platforms. To meet changing consumer needs, music publishers are continuously cultivating licensing agreements with new revenue streams like mobile outlets, online radio platforms and subscription-based streaming music services. The industry's shift from high-margin physical album sales and digital downloads to online streaming music may result in continued challenges. The digitization of music will continue to aid the industry's growth and additional measures taken by the government to combat piracy will benefit publishers.

    Industry Report - Industry Key Buyers Chapter

    The Music Publishing industry carries a moderate level of market share concentration, with the industry's four largest companies own the rights to the vast majority of contemporary and older popular music recordings. IBISWorld estimates that the industry's four major players (Universal, Warner Music, Sony and Kobalt Music Group) together will generate 61.3% of industry revenue in 2017. Concentration in this industry has been volatile due to recent mergers and acquisitions involving major players. With such acquisitions, major entities attempt to mitigate a declining market by acquiring smaller, more profitable competitors. Major players tend to own numerous smaller labels and publishers and only sign major names directly to the parent label.

    Additional Insights for the Music Publishing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Music Publishing Industry are

  • Having a good reputation
  • Protection of intellectual property/copyrighting of output
  • Upstream vertical integration (ownership links)
  • IBISWorld analysts also discuss how external factors such as Demand from major label music production and Per capita disposable income in the Music Publishing industry impact industry performance..

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    Industry Products

    What is the Music Publishing Industry?

    This industry acquires, copyrights and authorizes the licensed use of musical compositions and recordings. Publishers may own the rights to various musical works or have been chosen to administer copyright and licensing agreements on behalf of musicians, songwriters and composers. Licensing agreements specify the royalties paid to publishers in exchange for authorized use of these works through various media channels.

    Industry Products
    Mechanical royalties
    Performance royalties
    Synchronization royalties
    Industry Activities
    Acquiring and registering copyrights to musical works
    Licensing and distributing musical works
    Collecting royalty payments from licensed users of musical works
    Issuing royalty payments to composers and performers

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from major label music production
  • Per capita disposable income
  • Album sales
  • Number of broadband connections
  • Demand from musical groups and artists

  • Current Performance
  • Publishing and the digital transition
  • Protecting revenue streams
  • Performance revenue and industry profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Digital era
  • Rising importance of intellectual property
  • Large versus small labels
  • Table: Music Publishing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Music Publishing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Musical Instrument & Supplies Stores
  • Movie & Video Production
  • Television Production

  • Key Selling Industries
  • Independent Label Music Production
  • Major Label Music Production
  • Performers & Creative Artists

  • Products & Services
  • Performance royalties
  • Mechanical royalties
  • Synchronization royalties
  • Other
  • Chart: Music Publishing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Television and film clients
  • Advertising clients
  • Radio programming clients
  • Music industry clients
  • Spoken word clients
  • Other
  • Chart: Major Market Segmentation for the Music Publishing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Music Publishing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Music Publishing Industry

  • Industry Globalization
    Major Companies
    Sony/ATV Music PublishingUniversal Music Publishing GroupWarner Music Group
  • Table: Sony/ATV Music Publishing - financial performance
  • Table: Universal Music Publishing Group - financial performance
  • Table: Warner Music Group - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Music Publishing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Music Publishing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • US Album Sales (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Label
  • Term for a music company that seeks out artists, helps produce their music, and then oversees the distribution and sale of the music and the rights to the music.
  • Mechanical Royalties
  • Per-minute rates set by the government that are paid to publishers and writers whenever a song or CD is sold. Also called mechanical revenue.
  • P2p
  • Industry abbreviation for "peer to peer," a type of file-sharing system that allows users to anonymously transfer and share music files over the internet.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Music Publishing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Music Publishing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Music Publishing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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