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 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 49.5% of industry revenue in 2016-17.
Sales of physical records, such as CDs and LPs, account for about 41% of total recorded music sales, down from 46% during the previous year. The rapid rise of vinyl sales during the year has prevented this figure from falling further. This leaves over half of sales accounted for by digital downloads and revenue from subscription streaming. The.. purchase to read more