Music Publishing and Sound Recording in Australia - Industry Market Research Report

Music Publishing and Sound Recording in Australia - Industry Market Research Report
Music Publishing and Sound Recording in Australia

Operators in the industry have contended with technological and economic disruptions in recent years. Technological changes have had a profound effect on the industry, with physical record sales declining strongly and online music piracy further threatening revenue. However, greater internet connectivity has boosted demand for digital music content, with music streaming services, such as Spotify and Apple Music, significantly growing in popularity. Strong growth in streaming service subscriber numbers has driven industry revenue growth. Industry revenue is expected to rise at an average of 0.2% over the five years through 2022-23, to $1.0 billion. This trend includes an anticipated 1.8% drop in the current year as inflationary pressures limit people's spending power.

Industry companies primarily acquire and register copyrights for musical compositions and authorise the use of these compositions on a range of platforms, including radio broadcasts, television programs, films, live performances and online formats. The industry also includes companies that produce original master recordings and complete other sound recording activities.

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.