Music Publishing in Canada - Industry Market Research Report

Music Publishing in Canada - Industry Market Research Report
Music Publishing in Canada

The Music Publishing industry in Canada is in the middle of a gradual transition toward royalty collection from music streaming services, moving away from its traditional business model of album sales. Falling sales of physical albums and digital downloads have forced publishers to seek new revenue sources and become less dependent on traditional licensing platforms. To meet changing consumer preferences, publishers continuously cultivate licensing agreements with newer revenue streams, such as mobile applications, online radio platforms and subscription-based music services. This transition has buoyed the industry in recent years, with solid streaming revenue growth supporting the industry during COVID-19. Consequently, over the five years to 2023, industry revenue is anticipated to increase an annualized 2.0% to $512.9 million, including a 2.1% increase in 2023 alone.

The Music Publishing industry in Canada is responsible for acquiring and registering copyrights for the musical compositions of musicians, songwriters and composers. Establishments license the intellectual property of their clients, authorize the use of these compositions through various media outlets and ensure that royalties are paid to the creators of these works. Establishments act on behalf of the copyright owners and generate revenue through various licensing agreements.

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.