Industry Statistics and Rankings
How does this industry perform in Luxembourg compared to Europe?
Country Benchmarking
Industry Data Luxembourg
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#32 In EuropeBusiness
#33 In EuropeEmployees
#33 In EuropeWages
#30 In EuropeThe structure of music publishing has changed dramatically over the past decade. Music consumption has largely transitioned to streaming platforms, forming the bulk of revenue for music publishers. Data from the IFPI indicates that 67% of the global music industry revenue in 2022 stemmed from streaming services. This shift has given the music industry a fresh lease on life, as the industry previously struggled to get listeners to spend on music. Music publishing revenue is forecast to dip at a compound annual rate of 1.2% over the five years through 2024, including a contraction of 2% in 2024, to €13.1 billion.
Enterprises
Number of businesses in 2024
Biggest companies in the Sound Recording & Music Publishing in Luxembourg
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Kobalt Music Group Ltd | 645.4 | 26.9 | 4.2 |
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Top Questions Answered in this Report
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What is the market size of the Sound Recording & Music Publishing industry in Luxembourg in 2024?
The market size of the Sound Recording & Music Publishing industry in Luxembourg is €2.2m in 2024.
How many businesses are there in the Sound Recording & Music Publishing in Luxembourg industry in 2024?
There are 25 businesses in the Sound Recording & Music Publishing industry in Luxembourg, which has grown at a CAGR of 1.1 % between 2019 and 2024.
Has the Sound Recording & Music Publishing industry in Luxembourg grown or declined over the past 5 years?
The market size of the Sound Recording & Music Publishing industry in Luxembourg has been declining at a CAGR of 3.7 % between 2019 and 2024.
What is the forecast growth of the Sound Recording & Music Publishing industry in Luxembourg over the next 5 years?
Over the next five years, the Sound Recording & Music Publishing industry in Luxembourg is expected to grow.
What are the biggest companies in the Sound Recording & Music Publishing market in Luxembourg?
The biggest company operating in the Sound Recording & Music Publishing market in Luxembourg is Kobalt Music Group Ltd
What does the Sound Recording & Music Publishing in Luxembourg include?
Publishing recorded audio and Distributing recorded audio are part of the Sound Recording & Music Publishing industry.
Which companies have the highest market share in the Sound Recording & Music Publishing in Luxembourg?
The company holding the most market share in Luxembourg is Kobalt Music Group Ltd.
How competitive is the Sound Recording & Music Publishing industry in Luxembourg?
The level of competition is high and increasing in the Sound Recording & Music Publishing industry in Luxembourg.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Book, Newspaper & Magazine Publishing in Luxembourg
Complementors
- Film, Video & Television Programme Production in Luxembourg
- Radio Broadcasting in Luxembourg
International industries
Table of Contents
About this industry
Industry definition
Companies in the industry produce original sound master recordings and promote and distribute them to wholesalers, retailers and consumers. Music publishers acquire and register copyrights for compositions; promote, authorise and use pieces in recordings, TV and other media; and publish music and sheet music. Publishers either own the copyright or act as an administrator of the music copyrights on behalf of the copyright owners.
Related Terms
MASTER COPYPRE-RECORDEDVIDEODISCWhat's included in this industry?
Publishing recorded audioDistributing recorded audioStudio hireCompanies
Kobalt Music Group LtdIndustry Code
592 - Sound recording and music publishing activities in Luxembourg
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Sound Recording & Music Publishing in Luxembourg industry?
Outlook
Analysis
What's driving the Sound Recording & Music Publishing in Luxembourg industry outlook?
Volatility
Analysis
What influences volatility in the Sound Recording & Music Publishing in Luxembourg industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Sound Recording & Music Publishing in Luxembourg industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Music streaming overtakes other formats in consumer music sales. The advent of streaming platforms has led to its dominance in global music sales.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Sound Recording & Music Publishing in Luxembourg industry's products and services performing?
Analysis
What are innovations in the Sound Recording & Music Publishing in Luxembourg industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Sound Recording & Music Publishing in Luxembourg industry?
International Trade
Highlights
- Total Imports into Luxembourg
- Total Exports into Luxembourg
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
The music industry is dominated by the ‘Big 3’. The global music industry is dominated by the Big 3, Universal, Warner and Sony, which act as umbrella organisations with a host of subsidiaries around the world.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Sound Recording & Music Publishing in Luxembourg located?
Companies
Data Tables
Top 1 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Publishers need to be aware of previous copyrighted work. Songs produced that are similar to previously created works are subject to potential legal action.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Sound Recording & Music Publishing in Luxembourg industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Streaming slashes profit, though boosts record label sales. While the digital release of music cuts costs, low per-listen revenue from platforms like Spotify strains profitability, particularly for smaller artists.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Sound Recording & Music Publishing in Luxembourg industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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