Independent Label Music Production in the US - Industry Market Research Report

Independent Label Music Production in the US - Industry Market Research Report

  • June 2018 •
  • 36 pages •
  • Report ID: 168004
Next big thing: Labels will focus on growing revenue from nontraditional streams

Abstract

Independent Label Music Production in the US
Shifts from physical to digital media have had a marked effect on the operations of the Independent Label Music Production industry. The “Big Three” record labels, Warner Bros. Records, Universal Music Group and Sony Music Entertainment, are slowly adapting, while independent labels are diversifying revenue streams to adjust to the evolving landscape. Sales of physical media and digital downloads have declined steadily over the five years to 2018 in response to emerging subscription-based streaming services. Labels are expected to focus on growing revenue from nontraditional revenue streams to offset declines in both physical sales and downloads over the five years to 2023. Operators will likely negotiate increasingly complex distribution deals that take advantage of new content platforms.

Independent record labels find musical talent, finance the production of music and distribute recordings to retail and digital outlets. These labels have smaller budgets and operations than those of major labels, and independent labels frequently outsource manufacturing and distribution of physical records. Major labels are included in the Major Label Music Production industry (IBISWorld report 51222).

This 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.
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Country=UnitedStates Industry=Music ParentIndustry=ICTAndMedia Date=201806 Topic=Demand Publisher=Ibisworld Price=1000