Sound Recording & Music Publishing: Key Insights into a Vibrantly Evolving Global Industry

How is the Industry Growth Fueled?

Digital platforms are predominantly influencing the growth trajectory of the global industry for sound recording and music publishing. The surge of streaming services, including Spotify, Apple Music and Amazon Music, are fostering a robust expansion of revenues. Hereby, these platforms are eclipsing traditional sales channels, such as physical copies and downloads. Furthermore, the COVID-19 pandemic has further amplified this trend, as locked-down consumers intensively utilized these services.

What Role do Emerging Markets Play?

Emerging markets are playing a crucial role in shaping the direction of this dynamic industry. populated and technologically evolving countries such as China and India are proving to be not just massive consumption markets, but also innovation hubs. Their unique cultural paradigms and fast-paced digital adoption are contributing substantially to global trends and shaping the strategies of key stakeholders.

What are the Industry Challenges?

Despite the positive drivers, crucial challenges impact the sound recording and music publishing industry. These include copyright laws and fair compensation practices. With the shift to digital platforms, ensuring artists rights and determining appropriate remuneration becomes increasingly complex, generating heated debates around the world. Similarly, the trend towards the concentration of market power in few digital giants raises competition and monopoly concerns.