| New Music Markets Digital formats, rights management, live performances |
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The various segments of the music market are evolving under the impact of the shift to digital formats. This study analyzes the various online music distribution models and the associated pricing and business models using case studies. It describes the evolution in the music industry, both upstream (creating and producing music) and downstream (distribution, tie-in merchandise, live performances), and establishes the conditions for a new economic equilibrium. Finally, a five-year market forecast is provided.
The decline of the CD market in the context of the global music market
The global music market represents 67 billion USD, divided into three segments: recorded music (33.5 billion USD), live performances (25.6 billion USD), and music publishing (8 billion USD).
Directly or indirectly, the shift to digital formats affects all of these segments:
• The partial shift from physical sales to digital music sales impacts the associated revenue from music publishing;
• The increase in the number of Internet distribution services implies an increase in corresponding publishing rights;
• The decline in the global recorded music market increases the importance concerts hold in the music economy.
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