MIDiA Research 2024-2031 global music publishing forecasts Managed change
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20,000 foot view
Thus far, the 2020s has been a good decade for the music publishing industry. Revenues have continued to grow, streaming royalty rates have improved – spurred by favourable royalty rates board rulings in the US – and institutional investment has flowed into publishing catalogues, even after rising interest rates. Covid lockdowns were a speed bump, decimating the live and background components of performance royalties, but the effect was temporary, with live’s post-Covid rebound being particularly strong.
Throughout the earlier stages of the streaming era, publishing was something of a back seat passenger, with the agenda set by labels and DSPs. A state of affairs reflected in the comparably small share of revenues allocated to publishing royalties. But as the market matured, publishing rights found their voice. Favourable rates board rulings in the US, active lobbying efforts, and increasingly effective licensing strategy from CMOs and publishers have had the combined effect of increasing publishing’s share of the streaming economy – with further improvement likely. The dispute between publishers and Spotify over its interpretation of the bundling provisions in the US are an important and contentious issue. But the way in which the publishing industry has responded reflects its newfound confidence.
Publishers have also proven able to carve out a favourable space in the new, emerging sections of the streaming economy. The ‘non-DSP’ deals with platforms like TikTok, Meta, and Snap provide for a higher share of royalties flowing tor publishers than for standard DSP deals. In the 2010s, publishers, rightly or wrongly, acquired a reputation for slowing innovation. Now they are spearheading it.
Key data and insights included in this report:
- Global music publishing revenue forecasts from 2023 to 2031, split by region and country
- Global music publishing revenue forecasts from 2023 to 2031, split by revenue type such as: streaming, mechanical, and performance.
- Historical publishing revenue for major music publishers and independents
- Non-DSP publishing revenue forecasts from 2023 to 2031
- Highest ranking markets for music publishing revenue
Table of contents:
Number of words: 4,467
Number of pages: 29
Number of infographics: 12