The global music publishing market is anticipated to grow at a considerable CAGR of 6.7% during the forecast period. Wearable and wireless technology are trending solutions in the music publishing market. Such devices offer movability and are important in concerts and live performances. Most of the vendors in the music industry partner with value chain enablers to have easy access to and reach the consumer base, which enables listening of music through these mediums and creates a significant user base. The global music publishing market is growing in direct proportion to the increasing number of artists and live performances. Furthermore, the growth of the media and entertainment industries is the primary driver of the music publishing market.
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The music publishers are the vital intermediaries between the songwriters and the recording companies. The music publisher requires the song's copyright and a fee to publish the musical content, commonly known as royalty. Physical music sales have declined due to the popularity of music streaming services such as Spotify. However, the market is expanding due to an increasing number of artists globally and the most recent technological advancements in music. Music publishers are in high demand because many artists and musicians require the personalized service provided by music publishers to support them to handle their music, copyrights, and other assets. Furthermore, as consumers have shifted to digital platforms, the media industry has performed well.
While technology undoubtedly drives growth, it no longer operates against or adjacent to the music industry. It is a part of the industry and is being enhanced and harnessed by record companies. However, piracy and unethical downloads, using proxy sites, are a few factors that hinder the market's growth. For instance, in October 2021, Sony Music Publishing announced its partnership with music and film production studios in India, White Hill Music Pvt Ltd., to provide global publishing services for White Hill Music, including administration, synchronization, and catalog promotion. Sony Music Publishing will also deliver opportunities for international collaboration across its global network.
Global Music Publishing Market Report Segment
By Royalty
- Performance
- Synchronization
- Digital Revenue
- Physical Revenue
- Others
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Music Publishing Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
· Abkco Music and Records Inc.
· Atlas Music Publishing LLC
· Bertelsmann SE and Co. KGaA
· Big Yellow Dog Music
· Black River Entertainment
· BMG Rights Management
· Broadcast Music Inc.
· Concord Music Group Inc.
· Downtown Music Holdings Group of Companies
· Hipgnosis Songs Fund Ltd.
· Kobalt Music Group Ltd.
· Peermusic Inc.
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