Music Recording Industry

Publication Date	March 2008
Publisher	Global Industry Analysts
Product Type	Report
Pages	549
ISBN Number	not applicable
Product Code	GIA00178

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Summary

This report analyzes the worldwide markets for Music Recording Industry in Millions of US$. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of the World. Annual forecasts are provided for each region for the period of 2000 through 2015. The report profiles 235 companies including players worldwide such as EMI Group, Plc., Sony BMG Music Entertainment, Universal Music Group, and Warner Music Group. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.

Content

I. Introduction, Methodology & Product Definitions
- Study Reliability and Reporting Limitations
- Disclaimers
- Data Interpretation & Reporting Level
- Quantitative Techniques & Analytics
- Product Definitions and Scope of Study
II. Executive Summary
- 1.Industry Overview
  - The Entertainment Industry
  - Recorded Music Industry - A Key Driver for the Commercial Music Sector
  - Digital Music Industry - A Perspective
  - Digital Recorded Music Market in Full Gear
  - Digital Format Drive Classical Music Sales
  - Record Companies Expand Digitized Catalogue Portfolio
  - Mobile Music Catching up
  - Ringback Tones - A Novel Music Format Picking up
  - Music Turns Functional Mobile into Personal Entertainment Gizmo
  - The Music Store Industry
  - Online Music-Opportunities Galore
  - Legal Online Music Services in Select Countries
  - Single Track Downloads Witness Robust Growth
  - Rapid Sales of Portable Music Players Spur Digital Music Market
  - Social Networks: A Boon for Music Industry
  - Paradigm Shifts in Business Models
  - from Phonograph to Digital Media
  - Phonographs / Discs
  - Tape Recorders / Tapes / Cassettes
  - The Digital Revolution
  - Digital Music: The New Era
  - Digital Technology Transforms Concept of Property Rights in Music Industry
  - Piracy Makes the Killing
  - Digital Stream Ripping - A New Type of Piracy
  - Competitive Scenario
  - Music Distribution System
- 2.Market Trends/Issues
  - Music Recording Industry: Resounding Groans
  - Issues Facing Record Companies
  - Music Distribution: Rethinking by the Industry
  - Record Companies Adopt Innovative Marketing Strategies to Reach Consumers
  - Music Record Companies Move towards 'Direct-to- Consumer' Channels
  - Record Labels Gaining Control of Ringtones Market
  - Create-Your-Own-Ringtones Fade Away, While Covertones Continue to Sway
  - Mobile Operators and Record Labels Scratching Each Other's Back
  - Real Music Ringtones Shape Mobile Operators' Marketing Strategies
  - Mobile Aggregators: Consolidate or Die
  - Decreasing Venture Capitalist Funding: Music Portals in the Line of Fire?
  - Online Services Pricing: Issues Galore
  - Digital Distribution: Striking Chord
  - Threat of Legal Proceedings Deter Users from Illegal File Sharing
  - Gradual Growth in Legal Downloading of Music
  - 'Pay-per-Play' Sales Model: Any Takers?
  - P2P File Sharing: The Legal Napster
  - Online Music Distribution: Overwriting Traditional Business Models?
  - Emerging Access Technologies: Need for New Controlling Mechanism
  - 3G Technology: Phone Music
  - Savos' MediaCrossbar Technology
  - Online Music Commerce: A Step Ahead
  - Advertising-Supported Services - A Novel Revenue Generation Channel
  - Orchestrated M&A Activity in the Recent past
  - Licensing: Still the Hot Issue
  - Streaming Audio and Digital Downloads: Different Forms, Same Music
  - Consumer Behavior and Demographics: Key to Better Positioning
  - The Gender Fare: Increasing Music Purchases by Women
  - MP3 Format: out of Tune?
  - Fate of Audio Books
  - Music Videos: Coming of Age
  - Audio CD/DVDs: End of Pre-Recorded Cassettes?
  - Film and Music Industries: Synchronized Profits
- 3.Music Distribution
  - Leading Recording Company/Label Worldwide (2004) - Universal Music Group, Sony BMG, EMI Group, and Warner Music
  - Leading Selling Music Albums Worldwide (2004)
  - Recording Labels & Distribution Companies: Vital Signs of the Industry
  - Facing the Digital Challenge: Music Industry in the 21st Century
  - Online Digital Distribution
  - Subscription Services
  - Digital Downloads
  - Internet Radio
  - File Sharing (P2P Networks)
  - Music Sites
  - Music Licensing Platforms
  - e-commerce / Shopping Aids
  - Digital Kiosks
  - Allied Industries
  - Film / Television Soundtracks
  - Electronic Games
- 4.Music Hardware & Formats
  - Hardware
  - Portable Media Players
  - Music Formats
  - Digital Audio
  - Popular Digital Audio Formats
  - Common File Formats
  - WAV
  - AIFF and AU
  - PCM
  - DPCM
  - ADPCM
  - (-Law Compression
  - MPEG Audio
  - Proprietary Formats based on MPEG
  - a2b
  - Liquid Audio
  - MP4
  - Apple QuickTime
  - Non-MPEG Proprietary Formats
  - Dolby Digital (AC-3)
  - EPAC
  - Windows Media Audio
  - RealAudio
  - TAC
  - TwinVQ (VQF)
  - Streaming Audio
  - Streaming Audio Systems by Format & Developer
- 5.Copyrights & Digital Rights Management
  - Copyrights
  - Copyrights and Music Industry
  - Copyrights and the Internet
  - Methods of Copyright Protection
  - Encryption
  - Watermarking
  - Fingerprinting
  - Piracy
  - The General Meaning
  - Classification
  - Simple Piracy
  - Counterfeits
  - Bootlegs
  - Pirated Music Recordings: Identification
  - Online Piracy
  - Copyright and Intellectual Property Education - Key to Handling Piracy
  - Digital Rights Management
  - Superdistribution
  - Streaming
  - 'Bridgeport' from SuperTracks
- 6.Regulatory Environment
  - Legal Framework
  - The Berne Convention
  - The Rome Convention (1961)
  - The Geneva Phonograms Convention (1971)
  - The Trade Related Intellectual Property Rights (TRIPS) Agreement
  - The WIPO Treaties
  - WIPO Copyright Treaty (WCT)
  - WIPO Performances and Phonograms Treaty (WPPT)
- 7.Music Piracy 'Industry'
  - Music Piracy: The Illegal Business
  - Music Industry: Not the Only Victim
  - Asian and Latin American Countries: Major Hosts to Music Pirates
  - Advanced Technology: Boon to Pirates
  - The Internet 'Opportunity'
  - Napster: First of the Pack
  - Songbird - The Anti-Piracy Napster Search Tool
  - Piracy and Organized Crime: The Nexus
  - Piracy Fighting Initiatives
  - International Federation of Phonographic Industry: Fighting a Faceless Enemy
  - International Intellectual Property Alliance
  - Secure Digital Music Initiative: Striving for Music Protection
  - The Need
  - The Aspiration
  - The Progress
  - The Future
  - Interpol's Intellectual Property Crimes Initiative
  - The Illegal 'Statistics'
- 8.Technological Scenario
  - MusicATM ala ATM
  - Technology: Changing the Face of Music Distribution
  - Broadband and Wireless Technologies
  - Music Compression
  - Optical Storage Media
  - A Brief Overview of the New Music Media
  - Compact Discs (CD-R/RW)
  - Digital Video/Versatile Disc (DVD-R/RW/RAM)
  - Media of the Future
- 9.Product Innovations/Introductions
  - NexTune Launches 2.4 Version of Music Play List Software
  - EMI Music Offers DRM Free, High Quality Sound Downloads
  - GoTV Networks and Alltel Wireless Unveil New Music Channels
  - Finetune Introduces Finetune Desktop Music Player
  - Apple Rolls out iTunes plus in Association with EMI Music
  - Roxio Unveils RecordNow 9 Music Lab Premier
  - PlayNetwork Unveils the Maiden Music Podcasting Service
  - MusicIP Unveils Global Music Relationship Engine with a Host of Services
  - Televisa Unveils New Media Software Player
  - on Command Video to Offer NetDriven Music Application
  - Zorpia Unveils Social Networking Portal, Zorpia Music
  - Chicago Symphony to Launch House Record Label
  - United Virtualities Rolls out HotRecorder for Media
- 10.Recent Industry Activity
  - Universal Music Group Enters into Agreement with IMEEM
  - Imeem Announces Agreement with Sony BMG Music Entertainment
  - Sony BMG Music Entertainment Ventures with Dada USA
  - The Orchard and Digital Music Group Sign Agreement
  - Universal Music Group Acquires BMG Music Publishing
  - Live Nation Acquires Majority Stake in Academy Music Holdings
  - CBS Corporation Takes over Last.fm Music Discovery Network
  - Sony/ATV Acquires Viacom's Famous Music Catalogue
  - Saatchi & Saatchi Partners with Atlantic Records
  - Fluid Media Partners DiskFaktory to Introduce MFA Music Distribution System
  - Zune Partners with Gallo Music for Digital Delivery of Gallo's Music Collection
  - Fontana and Trustkill Records Form Partnership
  - Network Foundation Technologies Partners with Friday Morning Quarterback
  - Circuit City Stores to Partner with Napster
  - Digital Music Group Expands Music Catalog
  - Global Music Enters into Licensing Agreement with Sony BMG Music
  - RealNetworks and Vodafone Sign Agreement to Support Music Service in Europe
  - Digital Music Group Signs Digital Music Download Sales Agreement with iTunes
  - EMI Music and Amazon.com Enter into Agreement
  - EMI Music France Inks Agreement with VirginMega
  - Grooveshark and V2 Music Group Enter into Licensing Agreement
  - EMI Music, YouTube and Google Sign Agreement for Recordings and Videos Access
  - Thumbplay and EMI Music Enter into Agreement
  - Akoo International and Universal Music Enterprises Enter into Licensing Agreement
  - PassAlong Networks Signs Agreement with Nettwerk Music and Digonex Technologies
  - EMI and Apple Ink Agreement to Revolutionize Digital Entertainment Industry
  - ArkivMusic and EMI Classics Reach Agreement on out-of-Print Classics
  - CenterStaging Musical and Billboard Sign Agreement
  - Musicnotes Signs Licensing Agreement with Harry Fox Agency
  - Traffix Signs Ten-Year License Agreement with Madacy Entertainment
  - Aerofoam Metals Approves Sub-Licensing Agreement with M Groupe Entertainment
  - Gold Entertainment Group and Reggae.com Start New Music Label
  - Tourdesign Creative Establishes Tourdesign en Espanol
  - Starbucks and Concord Music Group Form New Record Label
  - Machete Music Launches Machete Regional Division
  - NT Media Establishes Online Music Store
  - Navarre Corporation Divests Independent Music Business
  - Universal Music Group Acquires Arsenal Music
  - Logitech International Takes over Slim Devices
  - Amerom Television Acquires TV K Lumea
  - EverGreen Copyrights Acquires Integrated Copyright Group and Music Catalogs
  - Warner Music International to Form WS Entertainment with SK Telecom
  - Warner Acquires Roadrunner Records
  - EMI Music Licenses Song Catalog to Qtrax
  - Digital Music Group Acquires Green Linnet Records and Affiliate Xenophile
  - Universal Music Group Acquires Vale Music
  - Warner Music Group Acquires Ryko Corporation
  - MTV Networks of Viacom Acquires Harmonix
  - FreeHand Systems to Acquire Electronic Courseware Systems
  - Digital Music Acquires Chancellor Records
  - EverGreen Copyrights Debuts with Acquisition of Five Major Music Catalogs
  - Live Nation Enters Spanish and French Music Markets
  - Nettwerk Music Group Enters into Partnership with Mercora
  - Universal Music Group Partners with YouTube
  - Sony BMG Partners with YouTube
  - 5Fad and BrainMedia Enter into Partnership
  - Digimpro and IE Music Ink Strategic Partnership
  - Asylum Records in Distribution Tie-up with Aphilliates Music Group
  - WEA Enters into Distribution Tie-up with Union Records
  - Fontana and Six Degrees Records Form Distribution Deal
  - EMI Signs Agreement with Vodafone
  - Shanda Pens Pact with www.Top100.cn
  - Digital Music Group Forms Four Digital Distribution Agreements
  - Digital Music Group Forays into Music Videos through Three Distribution Pacts
  - Digital Music Group Bags Digital Distribution Rights of the Tuff City Music Range
  - Hidden Beach and Universal Music Enter into Distribution Agreement
  - Universal Music and Concord Music Form Global Distribution Agreement
  - Universal Music Forms Agreement with Microsoft Corporation
  - Musicbrigade and EMI Music Enter into Agreement
  - Fontana Enters Pact to Market Swank Recordings
  - Mobile Interactive Group Enters into Partnership with FRUKT
  - Gracenote Expands Digital Lyrics Catalogue
  - Warner Music and Google Enter into Strategic Business Agreement
  - FunMail Forms Licensing Agreement with Universal Music Mobile-US
  - XM Satellite Radio Renews Licensing Contract with ASCAP
  - MobileActive Inks Licensing Agreement with UMG
  - MySpace.com Acquires License for Gracenote's MusicID Audio Fingerprinting Technology
  - Devine Enters into Agreement with SONY
  - FreeHand Systems Enters into Agreement with People's Music in China
  - Conn-Selmer and Walt Disney World to Develop Programs Supporting Music Education
  - Skype Announces Global Music Licenses with Key Music Publishers
  - Qpass Expands Agreement with Skype
  - Digital Music Group Forges Multi-Year Pact with Pipeline Music
  - Digital Music Group Pens Long-Standing Distribution Pact with Lobster Records
  - LTDnetwork Inks Licensing Agreement with EMI Music
  - Universal Music Launches Universal Music Christian Group
  - BMG Buys Complete Music from Martin Costello and Iain McNay
  - Titan Global and Alliance Entertainment Sign Marketing Agreement
  - Fuego Inks Licensing Contract with Ciocan Entertainment and Music Group
  - AOL Acquires MusicNow
  - Iron Mountain Acquires Fort Lee Assets
  - NetMusic Entertainment Acquires The PAN Network
  - SNOCAP Enters into Agreements with Leading Independent Music Labels
  - Groove Mobile Enters into Agreement with Digital Rights
  - EMI Music Signs Content Agreement with T-Mobile
  - Gotuit Media Signs Agreement with KOCH Records
  - France Telecom and Warner Music Enter into Partnership Agreement
  - VendTek and Moontaxi Sign Distribution Agreement
  - Warner Music and MTV Enter into Licensing Agreement
  - KoRn Enters into Joint Venture with EMI
  - EMI Music to Market Music Catalogue of Buena Vista Music Group
  - Universal Music Group Obtains Distribution Rights from Walt Disney for Latin America
  - Universal Music Group Launches Studios in New York City
  - Warner Music Launches Cordless Recordings
  - United Virtualities Introduces Music Conversion Tool
  - Warner Music Acquires Festival Mushroom Records
  - EMI Music Launches New Album through Mobile Operator
  - Warner Music in Joint Venture with Bad Boy Entertainment
  - Karrington Holdings Signs Agreement with Solomon-The Band
  - XM Acquires Effanel Music
  - Sony BMG Introduces Global Marketing Group
  - Universal Music Group Introduces Machete Music
  - Universal Music Group Launches Universal Music Mobile
  - Chaoticom Strikes Deal with EMI Music
  - Zomba Label Group Acquires GospoCentric Records
  - Warner Music Sold for US$2.6 Billion
  - Napster and Best Buy Enter into Marketing Agreement
  - Napster and Imation Enter into Partnership
  - EMI Music Publishing and Sony BMG Introduce New Digital Products
  - GK Intelligent Systems Acquires The Warehouse Recording Studios
  - EMI Music Sells Australian CD Plant to Summit Technology
  - WMD Holdings Acquires ProgRock Records
  - EMI Music and Wippit Sign Agreement
  - Napster Enters into Agreement with the US Military
  - Napster Launches Canada Operations
  - Sonic Solutions Acquires Consumer Software Division of Roxio
  - Sony Music and BMG Merge
  - Mediaport Entertainment and Warner Music Sign Agreement
  - Roxio to Re-launch Napster, Acquires Pressplay
  - RealNetworks Buys Listen.com
  - Universal Slaps Lawsuit against Bertelsmann over Napster
  - Bertelsmann's Acquisition of Napster Fails to Fall through
  - Bertelsmann's Zomba Proposal Gets European Commission's Green Signal
  - Rioport Merges with Ecast
  - BMG Fully Acquires J Records
  - MUSICMATCH in Licensing Deal with Music Majors
  - Listen.com Secures Deal with Verizon Online
  - Rhapsody in Major Distribution Agreement
  - Digimarc and Activated Content in Licensing Agreement
  - DJ Power Signs Licensing Agreements with AIM
  - Listen.com Signs Agreement with BMG
  - Listen.com and Warner Music in Licensing Deal
  - Listen.com Signs Agreements with Music Majors
  - Streamwaves in Licensing Agreement with BMG
  - EMI Sells Stake in Viva Media
  - Copy-Protected CDs from Sony
  - Liquid Audio Launches 'Burn IT First'
  - Clear Channel Introduces Web Subscription Services
  - New Music Subscription Service from OD2 and MSN
  - RioPort Launches New Copyright Protection System
  - Vivendi Universal Acquires MP3.com
  - EMI Survives Potential Merger
  - Bertelsmann's eCommerce Group Acquires Myplay.com
  - Yahoo Acquires Launch Media
  - Roxio and EMI Recorded Music in Strategic Partnership
  - EMI in Strategic Deal with Virtuebroadcasting.com
  - FullAudio in Licensing Agreement with Universal Music Group
  - Napster Signs Deal with Vitaminic
  - FullAudio Signs Licensing Deal with EMI
  - Vitaminic and Verbatim in Distribution Agreement
  - FullAudio and BMG Music in Licensing Deal
  - Hewlett-Packard and Soundbuzz in Partnership
  - Napster Signs Agreement with MusicNet
  - PlanetMG Launched in Taiwan
  - Streamwaves.com Launches Streaming Subscription Service
  - Online Subscription Service from RadioMX
  - Uplister Launches Music Service
  - MP3.com Launches New Music-Licensing Program
  - EMusic.com Launches New Service
  - 'RealOne Music' Digital Subscription Service from RealNetworks
  - Listen.com Launches Rhapsody
  - MusicNet Launched
  - BT Openworld Launches New Subscription Service
  - Pressplay Expands Offerings
  - MP3.com Technology to Power Pressplay
  - The International Federation of the Phonographic Industry Patents Encryption Technology
  - Sony Music and Universal Music Form Joint Venture
  - BMG and Napster in Alliance
  - Edel Music and News Corp. in Licensing Agreement
  - Recording Industry Association of America and Yahoo in Music Licensing Pact
  - Soundbreak.com in Royalty Payment Deal with Recording Industry Association of America
  - Recording Industry's Digital Distribution Initiative: SoundExchange
  - MP3.com Launches New Division
  - MP3.com Reactivates 'My.MP3.com'
  - MP3.com Launches Classical Music Channel
  - Sony Joins the Internet Music Bandwagon
- 11.Focus on Select Global Players
  - EMI Group, Plc (The United Kingdom)
  - Sony BMG Music Entertainment (USA)
  - Universal Music Group (USA)
  - Warner Music Group (USA)
- 12.Global Market Perspective
IV. Competitive Landscape
List of Tables
- Table 1: Global Digital Music Market (2005 & 2006): Number in Millions (includes corresponding Graph/Chart)
- Table 2: Global Digital Music Market (2005): Percentage of Sales through Online and Mobile Channels by Select Country - USA, Japan, France, Germany, UK, Italy, Canada, Australia, Netherlands, and South Korea (includes corresponding Graph/Chart)
- Table 3: Select Countries for Legitimate Downloads of Single Tracks (2004) - USA, Germany, UK, and France (in Million) (includes corresponding Graph/Chart)
- Table 4: Global Music Market (2004 & 2005): Trade Revenues in US$ Million by Format - CD, DVD, Digital, Singles, and Other Physical (includes corresponding Graph/Chart)
- Table 5: Global Music Market (2005): Percentage of Digital Singles Sales by Select Region/Country - USA, EU, UK, Germany, France, Japan, and Australia (includes corresponding Graph/Chart)
- Table 6: Leading Players in the Global Music Market (2005): Percentage Breakdown of Value Sales for Universal Music Group, Sony BMG, EMI Group, Warner Music Group, and Independent Labels (includes corresponding Graph/Chart)
- Table 7: Global Online Music Market (2006): Percentage Share by Key Purchase Driver for Consumers - Portable Player, Broadband, Lower Cost than CDs, and Voucher (includes corresponding Graph/Chart)
- Table 8: Global Recorded Music Market (2005): Retail Sales of Different Physical Music Formats (Singles, CD, & DVD) in Million Units by Select Country - USA, Japan, UK, Germany, France, Mexico, Russia, Canada, Brazil, and Spain (includes corresponding Graph/Chart)
- Table 9: Global Recorded Music Market (2005): Retail Sales of Different Physical Music Formats (Singles, CD, & DVD) in US$ Million by Select Country - USA, Japan, UK, Germany, France, Italy, Canada, Australia, Spain, and Netherlands (includes corresponding Graph/Chart)
- Table 10: Global Market for Portable Digital Audio Players* (2000, 2001 & 2005) (includes corresponding Graph/Chart)
- Table 11: Global Optical Disc Market (2000): Production in Billion Units by Format - CD Audio/CD-ROM, CD-R, DVD, and Others (includes corresponding Graph/Chart)
- Table 12: Changing Face of Pirate Media in the Global Music Market (2000 & 2001): Percentage Breakdown by Format - Cassette, CD, and CD-R (includes corresponding Graph/Chart)
- Table 13: Changing Piracy Capacities in the Global Music Market (2000 & 2001): Capacity and Demand in Million Units by Select Country - Taiwan, Hong Kong, China, India, Singapore, Malaysia, Indonesia, Russia, Poland, and Macau (includes corresponding Graph/Chart)
- Table 14: Global CD Stamping Capacity (2000): Capacity and Demand in Million Units by Select Country - Taiwan, Hong Kong, Singapore, Macau, Malaysia, Czech Republic, Russia, Israel, and Ukraine (includes corresponding Graph/Chart)
- Table 15: World Recent past, Current & Future Analysis for Music Recording by Geographic Region - USA, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America, and Rest of World Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart)
- Table 16: World Long-term Projections for Music Recording by Geographic Region - USA, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America, and Rest of World Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)
- Table 17: World 11-Year Perspective for Music Recordingby Geographic Region - Percentage Breakdown ofDollar Sales for USA, Canada, Japan, Europe, Asia-Pacific, (excluding Japan), Latin America, and Rest of World Markets for Years 2000, 2007 & 2010 (includes corresponding Graph/Chart)