Basically, the present world is unimaginable without the music and music publishing involves in publishing, merchandising, music recording and distributing musical content. The music publisher needs to acquire the copyright of a song coupled with depositing a fee which is also known as royalty before publishing the music content.
The music publishers act as intermediaries between the song makers and the recording companies. The advent of the online platforms in the form of social networks, music file-sharing networks will help the artists in marketing and publish their music across the globe. Due to which the dependencies on the music publishers is diluted in recent times with the advent of the digital technology.
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Music is an ancient art form beloved and supported by ages. With the advent of the recording technologies, digital platforms etc. the music became easily accessible to all. Virtual reality is the new technological advancement for the entertainment industry.
In 2006, the virtual reality which replicates the imaginary environment for the user to see, hear, touch etc., was applied in the music industry also. Due to the cost-effectiveness and higher computing speed, virtual reality application may be widely used by the music industry in future.
The live performers drive the music publishing market as they contribute the major share of revenue. The piracy is the biggest threat to the music publishing industry. The competition in this market is mainly on the basis of pricing, artists, and a number of albums. The music publishing market is dependent on International tourism, GDP per-capita, and aging demography
The global music publishing market is segmented as below:-
Genre of music, Industrial activities and
Types of Publishers:
Independent, Major, Mini-Major Music publisher
Synchronization Royalties, Performance Royalties, and Mechanical Royalties
Functions of Publishers:
Administering copyrights, protecting copyrights, acquiring songs, and exploiting the artistic material
North America is likely to dominate the global market for music publishing in future. The presence of multiple traditional publishing houses benefits this region resulting in the region’s high market share. Asia follows North America in dominating the global market for music publishing market.
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A rise in disposable income has increased the individual’s purchasing power which will impact the growth of Music publishing market. The revenue generation for this industry is basically from the Publishers of music books, licensing the musical compositions for films, television, performances, and other media are a part of this industry.
Leading companies in the Global music publishing market are:
Avatar Publishing Group, Warner/Chappell Music, Inc., Broadcast Music, Inc,Kobalt Music, Universal Music Publishing Group, Criterion Music Corporation, MPL music, Super Cassettes Industries Private Ltd., Sony/ATV Music Publishing LLC, and others.
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