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 2015-16, revenue is expected to increase at a compound annual rate of 1.4%, with the industry estimated to be worth £1.6 billion in the current year. Revenue is expected to contract by 1.4%... purchase to read more
Industry Report - Industry Analysis Chapter
The Sound Recording and Music Publishing industry encompasses a range of businesses active in the UK music industry. These businesses are being affected by a number of micro trends. The whole industry is facing challenges related to the different ways listeners discover, consume and share music in the digital age. Over the past five years, the music industry has been settling into a new groove brought about by the growth of digital music, which has caused physical record sales to decline. The effect on the end market has been dramatic, with several large music retailers in the United Kingdom closing down.
Record companies and music publishers have begun to adapt to the changing marketplace, but recording studios are still suffering... purchase to read more