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Sound Recording & Music Publishing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Sound Recording & Music Publishing Market Research Report | SIC J59.200 | Mar 2017

In harmony: the industry has adapted to digital trends and has continued to record robust growth

IBISWorld’s Sound Recording & Music Publishing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Sony Corporation Sony Corporation market share
Vivendi SA Vivendi SA market share
Warner Music Group Warner Music Group market share
Industry Statistics & Market Size
Revenue
£2bn
Annual Growth 12-17
8.0%
Annual Growth 17-22
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Profit
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Employment
9,525
Businesses
3,334
Industry Threats & Opportunities
  • The transition to streaming services and digital sales have supported ongoing revenue growth
  • Video games have proved to be an area of strong growth for publishers over the past five years
  • Piracy has fallen in the United Kingdom, and this is expected to support continued industry growth
  • ... purchase to read more

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 transition phase from CDs, LPs and other physical records to streaming services and digital downloads, though vinyl sales have undergone a recent resurgence.

Over the five years through 2016-17, industry revenue is expected to increase at a compound annual rate of 8% to reach £2.2 billion. Revenue is expected to expand by 4.5% during 2016-17... purchase to read more

Industry Report - Industry Investment Chapter

Capital intensity in the industry is considered to be moderate. Expenditure on wages accounts for a larger portion of revenue than capital expenditure. Depreciation is expected to account for 2.9% of industry revenue in 2016-17, while labour costs are forecast to account for an estimated 11%. The capital-to-labour ratio of the industry is 0.26:1, meaning that for every £1.00 spent on wages, 26p 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. Pub.. purchase to read more

Additional Insights for the Sound Recording & Music Publishing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Sound Recording & Music Publishing Industry are

  • Having a good reputation
  • Proximity to key markets
  • Management of a high quality assets portfolio
  • IBISWorld analysts also discuss how external factors such as Total online expenditure and Album sales in the Sound Recording & Music Publishing industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Sound Recording & Music Publishing Industry?

    Firms in this industry produce original sound master recordings such as CDs and promote and distribute them to wholesalers, retailers and consumers. Music publishers acquire and register copyrights for compositions; promote, authorise and use compositions in recordings, TV and various other media; and publish music and sheet music. Publishers either own the copyright or act as an administrator of the music copyrights on behalf of the copyright owners. Amateur recording is excluded.

    Industry Products
    Music publishing Recorded musicRecording studiosOther services
     
    Industry Activities
    master copies for records or audio materialSound recording and recording of books on tape or CDPublishing pre-recorded sound and videodiscs or other media formatsPublishing music and sheet musicProducing commercial messages for radio


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Total online expenditure
  • Album sales
  • Demand from radio broadcasting
  • Demand from television programming and broadcasting
  • Demand from motion picture production
  • Current Performance
  • Going digital
  • New revenue streams
  • British artists
  • Enterprise and employment trends
  • Chart: Revenue Growth
  • Industry Outlook
  • Steaming services
  • Sinking piracy
  • Small firms
  • Table: Sound Recording & Music Publishing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Sound Recording & Music Publishing Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Motion Picture Production
  • Television Programme Production
  • Radio Broadcasting
  • Universities
  • Key Selling Industries
  • Electronic Component Manufacturing
  • Products & Services
  • Recorded music
  • Music publishing
  • Recording studios
  • Other services
  • Chart: Sound Recording & Music Publishing Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Online music sites
  • Retailers
  • Other media industries
  • Other
  • Entertainment and hospitality industries
  • Chart: Major Market Segmentation for the Sound Recording & Music Publishing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Marketing
  • Amortisation
  • Depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Sound Recording & Music Publishing
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Sound Recording & Music Publishing Industry
  • Industry Globalization
    Major Companies
    Vivendi SA
    Warner Music Group
    Sony Corporation
  • Table: Vivendi SA - financial performance
  • Table: Warner Music Group - financial performance
  • Table: Sony Corporation - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Sound Recording & Music Publishing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Sound Recording & Music Publishing Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Mechanical Royalties
  • Royalties from the sale of CDs, DVDs and digital downloads.
  • Public Performance Licence
  • Licence legally required in order to play recorded music or music videos in public.
  • Synchronisation Royalties
  • Royalties paid for the use of music in TV, films, advertisements and computer games.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Sound Recording & Music Publishing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Sound Recording & Music Publishing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Sound Recording & Music Publishing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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