How big is the music royalty market?
How big is the music royalty market?
Goldman Sachs expects the music industry – recorded music, music publishing, and live music – revenues to increase from $77 billion in 2019 to $142 billion in 2030, representing a 6% CAGR. In May 2020, Goldman updated their report, increasing their 2030 market size estimate by 37% from $104 billion.
What percentage do music publishing companies take?
Traditionally, music publishing royalties are split seventy/thirty, with thirty percent going to the publisher (as payment for their services) and the rest going to the songwriter – or songwriters, as the case may be.
Who is the most powerful person in the music industry?
Grainge has worked in the music business for his entire career. Billboard magazine named Grainge as the most powerful person in the music business on four occasions in the 2010s, and the first-ever Executive of the Decade….Lucian Grainge.
| Sir Lucian Grainge | |
|---|---|
| Occupation | Businessman, record executive |
What is the size of the music publishing market?
The Music Publishing market was valued at USD 4813.9 million in 2019 and is expected to reach USD 7265.02 million by 2025, at a CAGR of 7.1% over the forecast period 2020 – 2025. Wearable and wireless technology are trending solutions in the music publishing market.
What is the growth rate of the music industry?
The global music market is expected to witness a CAGR of 8.5% in the forecast period (2021 – 2026). The music industry has reached at a global in a way it was never before.
Who are the best music publishing companies in the world?
Take a look below at what we consider to be the best music publishing companies of 2020. Below, we have compiled a list of music publishing companies that we consider to be some of the best in the publishing business. This includes both major and independent music publishing companies and gives an overview of what they offer artists.
How are accounting statistics for music publishers calculated?
Accounting statistics are calculated from the industry-average for income statements and balance sheets. Company valuation can be measured based on the firm’s own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Music Publishers industry is performing.