State of the Music Publishing Nation

The 20,000 Foot View:  This report, a first from MIDiA dedicated to the music publishing space, addresses the most important trends in the industry. With 2018 seeing revenues continue their accelerated growth and music publishing emerging as an asset class, now is opportune to reflect on one of the often misunderstood and hence undervalued aspects of the recorded music industry. From individual publishers’ market share to specific market growth and the shift in revenue sources for performance, mechanical and sync, this report is a must-read for anyone involved in music publishing or investing in the space.

Key Findings

• Music publishing            in 2018 increased to            billion,                       year-on-year (YoY)
• Sony/ATV had            highest shares at            followed by            Music Publishing            and Warner Chappell           
• Sony and            independent sector had the highest            of the net new 2018                       and            respectively)
• In 2012,            independent sector inclusive of BMG            Kobalt accounted for around            of            publishing revenues. By 2018, this            was           
• The rise            streaming has continued to haemorrhage            rights revenue, which fell by            2018 to            million
• Sony/ ATV            its publishing revenue            in 2018                       million, influenced by the completion            the EMI acquisition
• Kobalt and            the two largest independent players            the market, both maintained around            the global publishing market
• Mechanical royalties            by            to            million in 2018            performance royalties grew by            to                       million
• Global music            revenues were            billion in 2018,                       from 2017, and will rise                       billion in 2026
• Performance income            hit            billion in 2026
• Streaming video,            licensing and administration, micro licensing            streaming threats will shape the            for music publishing

Companies and brands mentioned in this report:  Armonia, BMAT, Dataclef, Epidemic Sound, GEMA, ICE, IPRS, Jukedeck, Medianet, Mint, OCL, PRSfM, Qwire, SACEM, SESAC, SGAE, SIAE, SOCAN, STIM, SUISA, BMG, Kobalt, Sony ATV, Spotify, Universal Music Group, Warner Music Group