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

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...read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 12-17
3.4%
Forecast Growth 17-22
Profit
Employment
6,315
Businesses
725
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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 Report - Industry SWOT Analysis Chapter

    The Music Publishing industry is in the mature phase of its life cycle. The primary goal of a music publisher is to use music copyrights to generate royalty revenue through contractual relationships with songwriters, composers and recording artists. Promoting songs, supervising the collection and payment of royalties and placing songs in movie and TV soundtracks and commercials allows for the development of multiple and recurrent revenue streams. Over the 10 years to 2022, industry value added (IVA), a measure of the industry's contribution to the overall economy, is forecast to increase at an annualized rate of 1.2%, compared with annualized GDP growth of 2.1% over the same period...purchase to read more.

    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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    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

  • 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
    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
    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

  • 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
    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
    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’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.

    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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