Global Music Industry

An Analysis

Publication Date	April 2006
Publisher	RocSearch
Product Type	Report
Pages	39
ISBN Number	not applicable
Product Code	ROC00147

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Summary

The global music industry includes a large number of independent artists who offer varying forms of music. With the global market largely controlled by five major labels namely-Universal, EMI, Sony, Warner and BMG, the record companies enjoy a command over the pool of artists.The global music industry revenues dipped in 2005 with overall album sales recording the lowest levels since 1996. US CD sales fell by x% compared to the previous year, primarily attributed to piracy. However, overall music sales in the US, which include CDs, music videos as well as ringtones, increased xx% to more than 1 billion units. Europe's music industry witnessed growth in digital music sales during 2005. In Japan, on the other hand, audio sales (excluding music videos and music DVDs) dropped xx% in 2005 in retail value

This report provides a comprehensive insight on all aspects of the global music industry. It provides the description of the macro environment of the industry with the help of PEST framework. The competitive landscape of the industry has been analyzed using Michael Porter's Five Forces Model. It also gives a brief profile of some major players including UMG, Sony BMG Music Entertainment, Warner Music Group and EMI Group. The report covers in length the major issues faced by the industry like music piracy and copyrights. It goes on to provide a comprehensive description of the industry's response and the various measures being undertaken to combat these problems.

Content

1. Industry Analysis 1.1 An Overview of the Global Market 1.2 Porter's Five Forces Analysis 1.2.1 Buyers' Bargaining Power 1.2.2 Suppliers' Power 1.2.3 Rivalry among Competitors 1.2.4 Barriers to Entry 1.2.5 Threat of Substitutes 1.3 PEST Analysis 1.3.1 Political Factors 1.3.2 Economic Factors 1.3.3 Social Factors 1.3.4 Technological Factors 1.4 Forecast 2. Leading Players 2.1 Market Share 2.2 Brief Profile 2.3 Financial Highlights 2.4 Market Capitalization 2.5 Stock Performance 2.6 Recent Developments 3. Music Piracy 3.1 Recorded Music 3.1.1 CD-R 3.1.2 Cassettes 3.1.3 Others 3.2 Evolution of Online Music Piracy 3.2.1 Napster Reign 3.2.2 Napster's Successors 4. Copyrights 4.1 Legal Ramifications of File-Sharing Technology 4.2 Copyright-Related Rights, Treaties and Laws 4.2.1 Berne Convention 4.2.2 WIPO Copyright Treaties 4.2.3 Rome Convention 4.2.4 Geneva Phonograms Convention 4.2.5 Universal Copyright Convention 4.2.6 TRIPs Agreement 5. Battling Piracy 5.1 Industrys Response 5.1.1 Big Fours Actions 5.1.2 Software to Stem Piracy 5.2 Education Campaign to Combat Piracy 5.3 Other Measures 5.3.1 Secure Digital Music Initiative (SDMI) 5.3.2 Lawsuits Against Companies 5.4 Government Stance Against Piracy: Top Priority Countries 5.4.1 Brazil 5.4.2 China 5.4.3 India 5.4.4 Indonesia 5.4.5 Mexico 5.4.6 Pakistan 5.5 New Standards 5.5.1 Global Release Identifier (GRid) 5.5.2 International Standard Recording Code (ISRC) List of Table/Figures Figure 1.1 Online Music Sales (2002-04) Figure 1.2 Percentage Drop in Non-Digital Music Sales (2005) Figure 1.3 Market Share of Major Record Companies (2005) Figure 1.4 Region-wise Market Share (2005) Figure 1.5 Global Annual Expenditure by Home Entertainment Category (2000-10) Figure 1.6 Growth in Mobile Subscription (2002-05) Figure 1.7 Infringing Music Files on P2P (2002-05) Figure 2.1 Global Music Market Share (2005) Figure 2.2 Sales Comparison (2005) Figure 2.3 Net Income Comparison (2005) Figure 2.4 Market Capitalization(2006) Figure 2.5 Stock Performance Comparison (2005-2006) Figure 3.1 Piracy Rates across countries (2004) Figure 3.2 Piracy by Format (2004) Figure 5.1 Piracy by Format in Brazil and Key Statistics (2004) Figure 5.2 Piracy by Format in China and Key Statistics (2004) Figure 5.3 Piracy by Format in India and Key Statistics (2004) Figure 5.4 Piracy by Format in Indonesia and Key Statistics (2004) Figure 5.5 Piracy by Format in Mexico and Key Statistics (2004) Figure 5.6 Piracy by Format in Pakistan and Key Statistics (2004) Table 2.1 Key Ratios Table 3.1 Music Industry Piracy Figures (2002-04)