Global Music Publishing Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at 6.7 % through 2020 to 2026, reaching nearly US$ XX Mn. The global Music Publishing market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Music Publishing report also provides trends by market segments, technology, and investment with a competitive landscape.
To know about the Research Methodology :- Request Free Sample Report Depending upon the royalties, the music publishing market is segmented into performance, synchronization, digital revenue, and physical revenue. According to the International Federation of the Phonographic Industry (IFPI), digital revenues increased XX % to USD XX million, accounting for XX % of total recorded music industry revenues globally. According to the IFPI, the spike in streaming has been a crucial contributor, up to XX %, with paid subscription audio streams up XX %. The music industry has not only welcomed but has also actively led the rise of streaming. Streaming's success is just one chapter of a company that is focused on utilizing the opportunities presented by technological advancements and has forged partnerships with some of the industry's biggest and most forward-thinking organizations.
North America is expected to command the highest share of the market. The dominance of the North American Region is due to the early acceptance of digital music distribution, as well as the presence of significant industry companies such as Warner Music Group, Universal Music Group, and Sony Music Publishing. Smartphone ownership, internet penetration, and an increase in discretionary incomes are driving growth in Latin America. According to the GSMA, internet penetration is expected to rise from 54 % in 2019 to 65 % in 2026. To address the region's issues, businesses are attempting to establish new payment solutions. The lack of more offers in the local currency and pre-paid choices, in a country where a large percentage of customers do not have credit cards, makes choices like moving customers to paid subscription streaming difficult.
Overview of Music Publishing:
Music publishing entails the acquisition of rights to musical compositions from songwriters, composers, and other rights holders, as well as the licensing of those compositions. Mechanical, performance, synchronization, digital, and other royalties’ sources have been identified as the primary sources of revenue for music publishers. Other obligations of music publishing include obtaining tunes, administering copyrights, and safeguarding copyrights. When composers and songwriters' compositions are exploited for commercial purposes, a music publisher is responsible for ensuring that they get paid.Global Music Publishing Market Dynamics:
Traditionally, music compositions were distributed via physical products such as cassettes and compact discs by a music publishing organization. However, the music publishing sector has seen a significant transformation in recent years. Cassettes and CD sales have declined, and new revenue streams such as mobile music outlets, digital streaming, wireless music subscription services, and others are replacing this conventional business. With the influx of new composers and musicians into the music industry, the need for music publishers and the services they provide is likely to rise. These factors are affecting the market growth of music publishing globally. The music publishing sector has benefited from a boom in the worldwide entertainment and media industries. The following advantages that music publishing businesses provide to artists also increase the growth: Advance payments, protected copyrights, publicity material, and fixed contracts are all advantages of having established business contacts.Music Streaming Services Live Performance Contribution in Music Publishing Market:
Although the rise of music streaming services such as Spotify and Pandora have resulted in a decrease in physical music sales, this has not resulted in a loss in the music business as a whole. The increase in the number of musicians and live performances is allowing the business to flourish as a whole since it opens up more opportunities for the music publishing industry. Because live performances are one of the primary sources of revenue for the music publishing industry, an increase in the number of performances leads to an increase in market growth. Furthermore, the growth of the music publishing industry is being fueled by an increase in revenue from various forms of entertainment, as it can be seen that the incorporation of music into these various entertainment streams is becoming increasingly important. As the result, it can be said that the global entertainment and media industry is acting as a driving force for the growth of the music publishing industry.Global Music Publishing Market Segmentation:
To know about the Research Methodology :- Request Free Sample Report Depending upon the royalties, the music publishing market is segmented into performance, synchronization, digital revenue, and physical revenue. According to the International Federation of the Phonographic Industry (IFPI), digital revenues increased XX % to USD XX million, accounting for XX % of total recorded music industry revenues globally. According to the IFPI, the spike in streaming has been a crucial contributor, up to XX %, with paid subscription audio streams up XX %. The music industry has not only welcomed but has also actively led the rise of streaming. Streaming's success is just one chapter of a company that is focused on utilizing the opportunities presented by technological advancements and has forged partnerships with some of the industry's biggest and most forward-thinking organizations.Following are the top 10 publishers in 2019:
• Sony/ATV Music Publishing LLC • Universal Music Publishing Group • Kobalt • Warner/Chappell Music Inc. • BMG Rights Management • Reservoir • Big Machine Music • Big Deal • Peermusic • Major Bob MusicGlobal Music Publishing Market Regional Insights:
North America is expected to command the highest share of the market. The dominance of the North American Region is due to the early acceptance of digital music distribution, as well as the presence of significant industry companies such as Warner Music Group, Universal Music Group, and Sony Music Publishing. Smartphone ownership, internet penetration, and an increase in discretionary incomes are driving growth in Latin America. According to the GSMA, internet penetration is expected to rise from 54 % in 2019 to 65 % in 2026. To address the region's issues, businesses are attempting to establish new payment solutions. The lack of more offers in the local currency and pre-paid choices, in a country where a large percentage of customers do not have credit cards, makes choices like moving customers to paid subscription streaming difficult.Recent Developments/ Aggrements:
• Spotify India had officially renewed its global licensing agreement with Warner Music Group in April 2020, according to the streaming company. • Logic signs an exclusive publishing deal with Universal Music Publishing Group in May 2019. • Universal Music India (UMI), a division of Universal Music Group (UMG), the world leader in music entertainment, announced a strategic growth of its leadership team in India and South Asia in February 2020, in order to strengthen its position as the region's leading music company for non-film music and to accelerate its growth across the original artist, non-film music, and hip-hop genres. The objective of the report is to present a comprehensive analysis of the Global Music Publishing Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Music Publishing Market dynamics, structure by analyzing the market segments and project the global Music Publishing market size. Clear representation of competitive analysis of key players By Royalties, price, financial position, product portfolio, growth strategies, and regional presence in the Global Music Publishing Market make the report investor’s guide.Global Music Publishing Market Scope: Inquire before buying
