Music Publishing Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to music publishing market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Music Publishing Market News

  • July 2024: Relative Music Group, in partnership with Sony Music Publishing, signed Kyle Clark, a 26-year-old singer-songwriter and producer. Born in Honolulu, Hawaii, Clark was raised in Jefferson, Georgia. Clark's career took off after winning a song competition in Atlanta for two consecutive years. His original compositions caught the attention of award-winning songwriter Jordan Schmidt and his brother, Dane.
  • May 2024: The Estate of Otis Redding, doing business as Big O Holdings LLC, entered a strategic partnership with Sony Music Publishing. Under the terms of the agreement, Sony Music will administer the US publishing rights for Redding's music catalog, which features such hits as "These Arms of Mine," "Respect," "Try A Little Tenderness," and "(Sittin' On) The Dock of the Bay.".
  • April 2024: Warner Chappell Music, one of the world's leading music publishers, and ICE, a UK-based company that administers music rights, today announced an extension of their long history of collaboration. After a thorough review process lasting 10 months, WCM concluded the award the contract managing all its on-line licensing and royalty administration in Europe, Middle East, and Africa to ICE.

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FAQs

Global Music Publishing market size was valued at USD 6.8 Billion in 2023 and is poised to grow from USD 7.3 Billion in 2024 to USD 13.7 Billion by 2032, growing at a CAGR of 7.8% in the forecast period (2025-2032).

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. 'Sony Music Publishing', 'Universal Music Publishing Group (UMPG)', 'Warner Chappell Music', 'BMG Rights Management', 'Kobalt Music Group', 'Concord Music Publishing', 'Peermusic', 'Downtown Music Publishing', 'Hipgnosis Songs Fund', 'Reservoir Media', 'Pulse Music Group', 'Big Machine Music', 'Primary Wave Music', 'Round Hill Music', 'Atlas Music Publishing'

This is one of the significant factors in the growth of the global music publishing market. The growth of digital track streaming platforms, such as Spotify, Apple Music, and Amazon Music, has transformed the way track is fed on and monetized. These platforms allow publishers to reach a wider audience, offering a steady and scalable revenue stream through subscription-based services and ad-supported models.

Expansion in Digital Streaming and its Subscription Services: With the rise of digital streaming platforms such as Spotify, Apple Music, and YouTube, the music publishing market has dramatically changed. The rise of streaming made it possible for publishers to achieve relatively significant royalties through mechanical and performance rights. Subscription-based models have further made the ear accessible to a wider population, and therefore further increased revenue opportunities. Publishers are focusing on digital-first strategies to get the best possible monetization and artist exposure through AI-driven music recommendations and personalized playlists, which increases user engagement.

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.

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Global Music Publishing Market
Music Publishing Market

Report ID: SQMIG25W2010

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