Music News: Digital Content Will Save the Global Music Publishing Market, According to Research Firm TechNavio

In 2013, the Global Music Publishing Market experience its first positive growth since 2008, and this upward trend is expected to continue from 2014-2018, with the market posting a 2.69 percent CAGR, says TechNavio.

Declines in physical album sales nearly spelled the end of the industry, but digital sales are expected to revive music publishing over the next four years. The market is dominated by Fox Music Publishing followed by music publishing houses Sony/ATV, Universal Music Group, and Warner Music Group.

About the Report

Live performances currently account for the largest share of revenue in the market, beating out synchronization, digital copies and physical copies. However, the latest report from TechNavio highlights the growing transition in music consumption from physical to digital formats.

“In 2013, physical CD sales dropped by 11.32 percent over the previous year. This decline was compensated to some extent by digital albums, which grew at a rate of 19.65 percent. Recently, well-established and secure online payment gateways have increased digital music subscriptions even more, as they make payments easier and allow consumers to download music more conveniently,” says Faisal Ghaus, Vice President of TechNavio.

“Although CD sales started declining severely in 2013, by the end of 2014, digital album sales are expected to fully compensate for the loss incurred from the decline of physical media.”

Key Information Covered in the Report:

• Market segmentation, size and forecast through 2018
• Market Growth Drivers:
  • Live Performances
  • For a full detailed list, view our report.
• Market Challenges:
  • Piracy
  • For a full detailed list, view our report.
• Market Trends:
  • Transition toward Digital Music
  • For a full detailed list, view our report.
• Key Vendors:
  • Fox Music Publishing
  • Sony/ATV
  • Universal Music Group
  • Warner Music Group
• Other Prominent Vendors:
  • Avatar Publishing Group
  • Curb Music Publishing
  • MPL Communications

TechNavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the Media and Entertainment Industry:

• Global Magazine Publishing Market 2014-2018
• Global Box Office Market 2014-2018
• Global Home Entertainment Market 2014-2018

If you are interested in more information, please contact our media team at media@technavio.com.