Music publishing 2012: Recovery ahead
31 October 2012
Music publishing has demonstrated its resilience in the past decade as revenues have remained largely intact despite first the collapse of the recorded music industry and second the worst global economic crisis in a generation in 2008-09. Music publisher revenues are estimated to have risen by 0.4% in 2011 to $5.6 billion on a constant currency basis, just 3.4% below its 2008 level (not taking into account inflation), and we forecast moderate growth to 2016. Emerging markets represent an opportunity for growth, although from a low base, notably in Brazil and Russia, with China and India more problematic.