MUSIC PUBLISHING MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Music Publishing Market Analysis:

iness is increasingly recognizing the value of music publishing, leading to collaborations with value chain enablers to gain access to and reach the customer base. Wearable and wireless technology are also popular solutions in the music publishing sector, particularly at concerts and live performances.

The current value of the Music Publishing market is USD 6.41 billion, and it is expected to grow at a CAGR of 5.87% during the forecast period, reaching USD 9.12 billion in the next five years. The music publishing industry plays a crucial role in the media and entertainment sectors, and its growth is closely linked to the number of artists and live performances.

In conclusion, music publishing involves the process of buying and licensing musical compositions’ rights from songwriters, composers, or other right holders. The industry generates income from various types of royalties, including mechanical, performance, synchronization, digital, and other. Music publishers serve as intermediaries between songwriters and recording businesses, providing individualized assistance in managing music, copyrights, and other assets. The industry is growing due to technological advances and an increasing number of musicians worldwide, making music publishers in high demand.

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