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 transition phase from CDs, LPs and other physical records to streaming services and digital downloads.
Over the five years through 2016-17, industry revenue is expected to increase at a compound annual rate of 8.5% to reach £2.2 billion. Revenue is expected to expand by 7.4% during 2016-17... purchase to read more
Industry Report - Industry Key Buyers Chapter
The level of market concentration in the UK Sound Recording and Music Publishing industry is classified as moderate. The industry is characterised by several large players that operate throughout the greater entertainment industry and a high number of small businesses. In 2015, the Office for National Statistics estimated that 92% of all companies in the industry employed fewer than five people. There are very few mid-size firms and a small number of market leaders. The top four companies in the industry are expected to account for 57.3% of industry revenue in 2016-17. The level of concentration has decreased somewhat recently as digital revenue from downloads and streaming services has given small players more revenue-generating capacity... purchase to read more