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 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 51.5% of industry revenue in 2014-15. Sales of physical records, such as CDs and LPs, account for about 52% of total recorded music sales. The remaining 48% incorporates digital download sales and revenue from subscription streaming. The majority of revenue from music sales is generated by album sales. Album sales account for almost three-quarters of revenue generated from music sales at the retail level. The overall segment has continued to grow over the past five years as digital revenue has partially offset the decline in physical music sales... purchase to read more