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 Investment Chapter
Expenditure on wages accounts for a larger portion of revenue than capital expenditure. Depreciation is expected to account for 2.6% of industry revenue in 2014-15, while labour costs are forecast to account for an estimated 7.6%. The capital-to-labour ratio of the industry is 0.34:1, meaning that for every £1.00 spent on wages, 34p is spent on capital.
The music publishing business requires minimal physical capital expenditure as it is primarily a service-based industry. Publishers negotiate agreements with record artists and songwriters and draft music user licences with other organisations. They then track and collect royalties on the use of music and distribute funds to artists and songwriters. Public relations and promotion activities are also labour intensive... purchase to read more