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Major Label Music Production in the US
IBISWorld, Feb 2012, Pages: 45
Low fidelity: Though strong, digital music sales fail to support the industry
Major Label Music Production in the US
Low fidelity: The big four giants have been vulnerable mainly to consumers' decreasing valuation of digital media. As a result, they have overhauled their business models, cut costs and shifted their resources to improve profit margins and capitalize on emerging trends. The internet has shifted the public's music consumption, how artists promote themselves and the avenues through which major record labels make money. Through 2016, labels will benefit from cost-cutting measures, new revenue streams and improvements in consumers' disposable income levels.
Record labels are responsible for finding musical talent, recording their work and selling it to retail outlets. The capacity of major labels to distribute the physical media and oversee comprehensive publishing operations forms the fundamental difference between independent and major labels. Major labels also have deeper and broader talent rosters.
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.
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