The Sound Recording market is an integral part of the Music industry. It involves the production, distribution, and sale of sound recordings, such as albums, singles, and EPs. This market is composed of record labels, music publishers, and distributors, as well as digital streaming services. Record labels are responsible for signing and developing artists, while music publishers are responsible for licensing and collecting royalties. Distributors are responsible for the physical and digital distribution of sound recordings. Digital streaming services provide access to sound recordings for consumers.
The Sound Recording market is highly competitive, with a variety of companies vying for market share. Major record labels include Universal Music Group, Sony Music Entertainment, and Warner Music Group. Music publishers include Sony/ATV Music Publishing, Universal Music Publishing Group, and Warner Chappell Music. Digital streaming services include Spotify, Apple Music, and Amazon Music. Distributors include The Orchard, INgrooves, and Believe Digital. Show Less Read more