Music Publishing Market
Report ID: SQMIG25W2010
Report ID: SQMIG25W2010
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Report ID:
SQMIG25W2010 |
Region:
Global |
Published Date: February, 2025
Pages:
198
|Tables:
88
|Figures:
71
Global Music Publishing Market size was valued at USD 7.18 Billion in 2024 and is poised to grow from USD 7.7 Billion in 2025 to USD 13.43 Billion by 2033, growing at a CAGR of 7.2% during the forecast period (2026–2033).
The global music publishing market growth is increasing at a robust pace, and this is due to the surging popularity of digital streaming services along with the increased consumption of music on an international scale. Further, it is amplified by investment in artist development and diversified income streams from synchronization and performance rights.
Several growth and innovation opportunities in music publishing have arisen from emerging technologies, shifts in consumer behavior, and global markets expansion. But perhaps among all the promising chances, nothing is more phenomenal than the constant rise of digital platforms and streaming services that greatly changed music consumption and distribution on a global level. Many consumers are streaming more online music; publishers can capitalize on this emerging trend by licensing their catalogues to the platforms, hence earning royalties from content streaming. Moreover, advances in technologies such as AI and machine learning are changing the business as they present new ways of finding, creating, and making money from music. These help publishers track behavior, discover trends in the making, and control their exposure so that they can monetize the best possible pieces in their catalogues. AI-driven algorithms for music recommendation and personalized playlists foster more listening.
Global expansion of the music industry has brought new markets and revenue sources to publishers. There is massive, untapped potential in music consumption and licensing opportunities in Asia, Latin America, and Africa. Fast urbanization and rollout of digital infrastructure in these regions all fuel demand for music on different platforms-from film and television commercials to video games and live entertainment. Fast urbanization and the rollout of digital infrastructure in these regions all fuel demand for music on different platforms-from film and television commercials to video games and live entertainment. International collaborations and cross-cultural musical influences are going to continue growing; therefore, this is bound to benefit the global music publishing industry with a much more diversified and expansive audience base. The combined factors will help propel industry growth in the coming years.
Key Market Attributes
Universal Music Group, UMG, announced at the beginning of January 2025, a multi-year agreement related to recorded music and music publishing with Spotify, as part of this strategic new deal, improving opportunities for the artists, the songwriters and consumers through innovational subscription layers, bundling music with content and expanding their audio-visual catalog. According to Spotify CEO Daniel Ek, the deal is supposed to encourage creative development, thereby making premium content more accessible while taking the subscription for global music coverage to a new level. This deal, by leveraging on UMG's vast library and Spotify's top-end technology, aims to make the streaming market stronger while producing opportunities for monetization from creators.
BMG Rights Management agreed to a strategic partnership with Universal Music Group in October 2024 in which it transferred physical distribution to the UMG Commercial Services division. The company will retain control of its own digital catalogue while using the extensive network for physical distribution that UMG has to offer. By the time BMG is making its full structural change in October 2024, it will fully optimize its entire business across all formats, be it vinyl or CDs and others. It wants to build a stronger strength of distribution over its whole music catalog, hence more accessible and therefore potentially strengthened in the ever-changing music landscape, taking the help of UMG's global infrastructure and expertise.
Sony Music reported revenue that was way above expectations for the quarter through October 2023. Its major revenue source has been a growing stream of income from the rising consumption of music through online streaming platforms, further reflecting an overall industry trend toward digital sales. Increased interest in other genres, such as EDM, also fuels the demand for digital publishing. The increase in popularity for these genres will lead more music publishers to concentrate on building digital channels and establishing strategic partnerships in order to achieve maximum revenue-generating potential. With the utilization of streaming, digital rights management, and AI-driven music discovery, growth within the industry will be stable within the digital world.
Market snapshot - 2026-2033
Global Market Size
USD 6.7 billion
Largest Segment
Subscription
Fastest Growth
Licensing
Growth Rate
7.2% CAGR
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Global Music Publishing Market is segmented by Type, Type Of Rights, Revenue Source, Application and region. Based on Type, the market is segmented into Performance, Digital, Synchronization, Mechanical and Others. Based on Type Of Rights, the market is segmented into Mechanical Rights, Performance Rights and Synchronization Rights. Based on Revenue Source, the market is segmented into Royalties, Licensing and Subscription. Based on Application, the market is segmented into Commercial, Common Pool and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Revenue Source
As per the 2024 global music publishing market analysis, the dominating segment will be subscriptions. Subscriptions encompass revenue generation through telemetry services and subscription platforms. The existing commercial consumptions along with changes in the trend of music consumption, especially globally, marked a decisive streaming boom, listening to music via Streaming is now the foremost of ways to handle it for the biggest consumer base ensuring the plant for the coming future. To access ample music reserves, it is not a tiring task and does not cost much to offer a subscription. These services allow the user to access premium content that increases engagement, listen to content offline, and create a playlist tailored to their requirements. This segment jumped ahead and gained a larger revenue share of the music publishing industry post-broadband internet penetration, smartphone penetration, and the rise of AI-driven music recommendations.
The licensing segment is expected to dominate the global music publishing industry because music is increasingly being integrated into visual media across multiple channels. The demand for high-quality soundtracks in films, television, advertisements, and video games has further propelled the importance of licensing. There are new opportunities for sync licensing that the streaming platforms can offer, and this makes the services of music publishers much more monetizable while still reaching a great and diversified audience. The global entertainment industries constantly increase the demand for licensing, which in turn makes the synchronization deals more valuable for the publishers, ensuring that the maximum revenue is realized. This fact demonstrates the importance of licensing in defining the future of the music publishing market.
Analysis By Type of Rights
Based on the 2024 global music publishing market forecast, the performance rights category led the market. These rights are given to music creators or performers when their music is played publicly, either on television, radio, in live concerts, or on the internet. The rapid growth of digital platforms such as Spotify, Apple Music, and YouTube increase the demand for music performances both live and recorded. The performance rights organizations, such as ASCAP, BMI, and SESAC, gather royalties from plays for artists. Because the majority of music globally is consumed through streams, this trend is expected to increase the revenue from performance rights steadily, thus increasing its strength in the global music publishing industry.
The synchronization rights segment is anticipated to dominate the market. This will be the right allowing the usage of music in various media including films, TV series, ads, and video games. The global music publishing market will also play a crucial role as sync licensing is the resultant of continuous growth of entertainment industries and digital advertisements. Shortening and compressing music into streaming services has created even wider opportunities for utilizing quality, licensed music in visual content. While sync rights are significant revenue generators, they will still not be as important as performance or mechanical rights. However, with content creation growing globally sync rights are predicted to stand out as a valuable source of income for music publishers.
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North America is one of the leading regional markets in the music publishing market. The existence of well-known music companies and a firm infrastructure for copyright protection fuels the growth of the music publishing market in this region. Further, North America has a strong music consumer base along with a high level of digital music consumption. These elements have pushed North America into the lead in the music publishing market. Major music publishing companies based in North America have a visible impact on reinforcing the region's market position. Companies such as Universal Music Publishing Group, Warner/Chappell Music, and Sony/ATV Music Publishing with their extensive music libraries and worldwide chains of contact accord them great chances to control a large part of the market. Their presence reinforces North America's leading role in music publishing.
The US particularly, is full of musical productions and owns one of the highest music publishing firms and record houses. Strict copyright rules in the US help it enforce its market share. It holds extensive copyright acts that protect creators and owners' rights to the music. Entities such as the American Society of Composers, Authors, and Publishers (ASCAP) and Broadcast Music Inc. (BMI) work relentlessly for fair compensation to artists. Such legal stability not only breeds confidence but also calls in more investments to be geared towards music publishing growth.
Asia-Pacific is an increasingly rapidly growing region within the music publishing market. The popularity of digital music and a rising music industry will create new trends and increase consumer markets in such countries as China, Japan, and South Korea. K-pop, J-pop, and Asian pop are rising, making it an increasingly growing market for Asian nations. Moreover, another aspect for this growth is a young and energetic population across this region which engages much into the streaming of music and various digital platforms. The music publishing companies are now entering the market and partnering with local artists that would also witness growth in music publishing markets of this region.
Latin America is an emerging region in the music publishing market. The region boasts a rich and diverse musical heritage. Salsa, reggaeton, and samba are some of the popular genres that come from Latin America and have been well recognized globally. Countries such as Brazil and Mexico are considered to have strong music scenes with massive audiences. Music streaming platforms and digital music consumption have increased the opportunities for artists and publishers in Latin America. Piracy, copyright, etc. remain still challenges for that region.
Middle East & Africa has much future growth in this music publishing market. Although Middle East & Africa has so rich musical heritage and it has lots of diverse genres that can make money in the future, challenges faced by that region are a restricted infrastructure, and piracy with more cultural restrictions in the respective territories. Yet the Middle East & Africa region slowly rises to world acknowledgment in music in terms of popular digital music service platforms as people's needs continue to demand their local sounds, and most of them increase their intake on music from within their local environs. South Africa, Nigeria, Egypt, and United Arab Emirates, among other nations, record higher consumption levels for music, thus giving way for new emerging artists. Given the investments and developments made, this region will have the potential to grow and bear fruit in the music publishing market.
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Drivers
Expansion of Digital Platforms to Drive the Market
Growing Demand for Licensing in Media to Expand the Market
Restraints
Copyright Infringement and Royalty Disputes to Potentially Hinder Market Growth
Fragmented Revenue Streams a Major Challenge for Consumers
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Major players, such as Universal Music Publishing Group, Sony Music Publishing, Warner Chappell Music, and BMG Rights Management, dominate this market, with great competition within it. All of these entities possess large catalogs and benefit from healthy partnerships with media companies, streaming platforms, and artists. The independent publishing arena is growing with the realization of niche opportunities for distribution via digital platforms. The competition has increased due to AI-driven music curation, streaming services, and sync licensing. Companies have had to find high-value deals and innovate.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global music publishing market outlook is witnessing consistent growth, mainly due to digital transformation, streaming services, and the growing demand for licensed music. Performance rights are the most common because of the widespread consumption of music on streaming platforms, radio, and live performances. Synchronization rights are also on the rise as the entertainment industry and digital media platforms include more music. There will be market influencer Sony Music Publishing, UMPG, and Warner Chappell along with independent publishers capitalizing on digital opportunities, new growth opportunity in the shape of emerging markets in Asia, Latin America, and Africa, and it has the prospect to transform, to give higher revenues to artists and publishers alike in the shape of AI, blockchain, and data analytics to boost royalty monitoring and distribution.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 7.18 Billion |
| Market size value in 2033 | USD 13.43 Billion |
| Growth Rate | 7.2% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Music Publishing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Music Publishing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Music Publishing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Music Publishing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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