Industry Analysis & Industry Trends
Revenue in the Global Music Production and Distribution industry fell over the five years to 2017 because many of the industry's largest companies have failed to leverage a crop of potential new revenue streams to compensate for the extreme drop in physical album sales over the past five years. Unfortunately, over the five years to 2022, industry revenue is expected to continue contracting. Music companies' performance over this period hinges on their ability to embrace new technology... read more
Starting a New Business
Barriers preventing new entrants into the industry have been falling rapidly since the inception of the internet. Low-cost digital recording, online music retailing and streaming music are commonplace practices that enable musicians of all skill levels to make their music freely available to the entire world. In prior years the industry was dominated by a select few major labels that had significant control over the licensing rights and distribution of a wide range of artists. In addition to owning and operating many aspects of the supply chain, from licensing to production to distribution, major labels possessed the deep pockets necessary to purchase burgeoning indie labels.
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