The digital revolution has created a seismic shift in the way the world consumes music, and this transition has been largely detrimental to the Global Music Production and Distribution industry. Over the five years to 2015, industry revenue is expected to fall at an annualized rate of 2.4% to $14.7 billion, including a 3.6% drop during 2015. In general, many of the industry's largest companies have been slow to leverage a crop of potential new revenue streams to properly compensate for the extreme drop in physical album sales over the past five years.
Operators in this industry, known as record labels, find musicians and artists, oversee the recording of their work, and promote and distribute this music to retail outlets. The industry also includes music publishing, which involves the leasing of music as intellectual property for use beyond live performance, such as in advertising or on the radio.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.