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 SWOT Analysis Chapter
The Sound Recording and Music Publishing industry is in the growth stage of its life cycle. The music sector as a whole has gone through some tough times due to the long-term decline of physical sales. Nevertheless, streaming services and digital downloads have allowed the industry to expand at an impressive rate over the past five years. The crackdown on music piracy and the closure of a number of illegal file-sharing sites has put pressure on the black market and increased margins for digital downloads. Additionally, the popularity of streaming services has benefited operators, bringing higher margins than simple downloads. This has reshaped the industry and encouraged revenue and profit growth. Ind.. purchase to read more