Industry Analysis & Industry Trends
The UK Sound Recording and Music Publishing industry produces, promotes and distributes original sound recordings and manages rights for compositions. In addition to being sold in physical and digital form, music produced or copyrighted by the industry is used in a variety of media, including films, TV programmes and video games. The industry encompasses a range of interlinked businesses in the UK music industry, all of which are in a state of flux as the interference that has disrupted the music retailing industry weighs on demand and profit margins.
Over the five years through 2014-15, revenue is expected to remain flat, with the industry estimated to be approximately the same size in terms of revenue in the current year as it was five years earlier... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Sound Recording and Music Publishing industry is in the decline stage of its life cycle. The industry has undergone consolidation at the top of the industry, raising the level of concentration among fewer firms. New business models have been established, but despite increasing revenue, profit margins have been compressed. Industry value added is projected to decline at a compound annual rate of 3.4% over the 10 years through 2019-20, compared with expected real GDP growth at a compound annual rate of 2.2% over the same period. Lower profit margins and a reduction in the wages paid, in particular, have reduced the industry's contribution to the overall economy.
Declining record sales is the central issue affecting record labels, music publishers and sound recording studios... purchase to read more