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 headwinds that have battered the music retailing industry weigh on demand and profit margins.
Over the five years through 2014-15, revenue is expected to expand at a compound annual rate of 0.1%... 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 about 7.6%. The capital-to-labour ratio for the industry is 0.33:1, meaning that for every £1.00 spent on wages, 33p 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