CD sales are plummeting and legitimate online sales are failing to make up the shortfall. This trend is beginning to filter through to visual media in TV and film production. Despite this, the media industries are in demand more than ever. The variation and quality of portable music and other media devices, digital and online broadcasting, massive flat screen television sets and home theatre systems are fuelling entertainment consumption. With such strong demand for content, recorded music operators are not going anywhere, though they do need to adjust where they believe the value in music lies, and charge accordingly.
Sound recording studios are themselves used for recording music, sound for TV programs and film, TV and radio advertisements, and a small amount of private recordings.
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.