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Music Industry Market Review 2006
CDs will remain the main format for years to come
Music
Industry Market Review 2006
Mumbai
India, July 27 - Bharat Book Bureau has added "Music
Industry Market Review 2006" ( http://www.bharatbook.com/detail.asp?id=19001
) to its huge collection of business market research reports.
Music
may be defined romantically as `the food of love' (Shakespeare) or more
prosaically as `sound with particular characteristics' (Wikipedia), but it is
undeniably a `vibrant artform' (Arts Council England) and one which touches more
people, in more ways, than any other art form.
In commercial terms, music certainly generates a higher market value than the
other arts, although a comprehensive market size for music in all its
manifestations is impossible to calculate. Key Note has put a value of £3.03bn
on consumer spending on music in 2005, derived from three sectors: recorded
music (which accounts for the bulk of the market), live music and musical
instruments. However, data for other related markets are included, such as
equipment for home listening and viewing.
Amateur
participation in music is on the increase generally and one in five adults
describe music as their `main hobby'. However, despite the interest in music,
only 18% of adults go to concerts regularly, and Key Note believes there is
great potential for the live music market. Encouragement for live events comes
from public funders, such as the Art Councils, although funding is biased
towards the more intellectual or minority types of music (classical, jazz and
world music).
In mainstream music, recording and marketing are now dominated by just four
`majors' worldwide, one of which is the UK's own giant record company, EMI Group
PLC. The other majors are Universal Music Group and Warner Music Group, based in
the US, and Sony BMG, a Japanese/German joint venture only created in 2004.
One of EMI's major strengths is its historic catalogue of recordings — and
copyrights — which includes The Beatles and many other enduring acts of the
last century. Although the music headlines tend to be dominated by new artists
— for example, the Arctic Monkeys, whose first album shot to number one in
2006 — the fact is that most people's music tastes are fairly conservative and
are rooted in the music they grew up with. Key Note's survey of artists that the
public would take to a `desert island' was topped by Abba, The Beatles, Frank
Sinatra and Madonna, although Beethoven came fifth.
For
more information about this "Music
Industry Market Review 2006" report, Please visit
:
http://www.bharatbook.com/detail.asp?id=19001
or
Email : info@bharatbook.com
You can also call us at +912227578668 or +912227579131
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