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 Products Chapter
The recorded music segment encompasses the distribution and sale of recorded music in physical and digital formats. IBISWorld expects revenue from the sale of recorded music to account for 49.6% of industry revenue in 2015-16. Sales of physical records, such as CDs and LPs, account for about 49% of total recorded music sales. This leaves just over half of sales accounted for by digital download sales and revenue from subscription streaming. The British Phonographic Industry (BPI) reported that 11.5 billion songs were streamed from legal sites, such as Spotify, Deezer and Google Play, in the first half of 2015, an increase of 80% on the previous year. In terms of the types of products sold, the majority of revenue from music sales is generated by album sales... purchase to read more