US Music Production & Publishing Industry Revenues to Rise on Gains in Streaming Services, Record Sales

Cleveland, OH, May 17, 2023 — US music production and publishing industry revenues are forecast to see 6.7% annual growth in nominal dollars through 2027, according to Music Production & Publishing: United States, a report recently released by Freedonia Focus Reports. Advances will be driven by global growth in disposable personal income levels. Gains will also be supported by ongoing stabilization as the industry emerges from a historical period characterized by technology-driven disruption.

In 2023, industry revenues are expected to continue their upward trend, rising 9.3% from 2022 levels. Gains will be supported by growth in streaming services following the COVID-19 pandemic and expanding interest in retro formats, such as vinyl and cassettes.

Record sale revenues are projected to increase 8.2% per year to 2027, representing the largest and fastest growing discrete service segment. Global growth in disposable personal income levels will buoy personal spending on entertainment such as music. In addition, advances will continue to be driven by new releases from leading artists. Furthermore, rising demand for digital albums and vinyl records will offset continued losses in CD sales and digital singles. Further gains will be limited by the popularity of streaming services.

These and other key insights are featured in Music Production & Publishing: United States. This report forecasts to 2023 and 2027 US music production and publishing revenues in nominal US dollars. Total revenues are segmented by service in terms of:

• record sales
• licensing
• studio recording services
• copyright administration
• print music
• other sources such as audiobook recording, event recording, and stock music and sound libraries

To illustrate historical trends, total revenue and the various segments are provided in annual series from 2012 to 2022.

More information about the report is available at:
https://www.freedoniagroup.com/freedonia-focus/music-production-publishing-united-states-ff95044.htm

About Freedonia Focus Reports

Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Services reports can be purchased at Freedonia Focus Reports or MarketResearch.com.

Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:

• total historical market size and industry output
• segmentation by products and markets
• identification of market drivers, constraints, and key indicators
• segment-by-segment outlook in five-year forecasts
• a survey of the supply base
• suggested resources for further study