{"product_id":"global-music-production-and-distribution-industry-market-research-report","title":"Global Music Production and Distribution - Industry Market Research Report","description":"\u003cp\u003eGlobal Music Production and Distribution - Industry Market Research Report\u003cbr\u003e\nGlobal Music Production and Distribution\u003c\/p\u003e\n\n\u003cp\u003eDigital music has ultimately shifted how artists engage with fans, a transition that has had major implications for global music producers and distributors. Digital sales have plummeted as subscriptions to streaming platforms providing massive libraries of albums surge. Physical sales have dipped but declined considerably as a share of revenue because of surging growth from streaming royalties. Industry-wide revenue has been growing at a CAGR of 4.4% over the past five years and is expected to total $38.7 billion in 2023, when revenue will jump by an estimated 3.3%, with profit set to climb to 9.5%.\u003c\/p\u003e\n\n\u003cp\u003eOperators in this industry sign musicians and artists to recording contracts, allocate budgets for artists' recordings, produce and master artists' work, distribute artists' music to retail and promote the artists' work through various advertising campaigns. This industry also includes music publishing, which involves leasing music as intellectual property for use beyond live performance such as in promotional material and other forms of media, notably, streaming services.\u003c\/p\u003e\n\n\u003cp\u003eThis report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.\u003c\/p\u003e","brand":"Travel \u0026 Leisure","offers":[{"title":"May, 2023 \/ 38 Pages \/ MCW16196131","offer_id":47553549238578,"sku":null,"price":1314.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/global-music-production-and-distribution-industry-market-research-report","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}