Essay about Sony Music Entertainment and the Evolution of the Music Industry

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Sony Music Entertainment and the Evolution of the Music Industry

Table of Contents
Table of Contents…………………………………………………………………………………............................2
Recommendations…………………………………………………………………………………………………………..3
Appendix 1………………………………………………………………………………………….…………………………. 5
Appendix 2………………………………………………………………………………………….…………………………. 11
Appendix 3…………………………………………………………………………………………………………………….. 13
Appendix 4………………………………………………………………………………………….…………………………. 15
Appendix 5………………………………………………………………………………………….…………………………. 16
Appendix 6………………………………………………………………………………………….…………………………. 17
Appendix 7………………………………………………………………………………………….…………………………. 17
Appendix 8………………………………………………………………………………………….…………………………. 18
Appendix …show more content…


The music industry revenues have declined dramatically from $17 billion to $7.9 billion in the years 2000 to 2013 due to wide availability of substitutes.



Internet and digital track sales had continuously risen, topping out at an estimated 1.34 billion tracks in 2012, but declined for the first time since iTunes was launched by 6% to
1.26 billion in 2013.



Album sales have continued to decline from about 575 million in 2006 to 290 million in
2013.



In 2014, there were three main methods of digital music distribution including digital download, internet radio, and interactive streaming.



Internet radio grew at an annual rate of 42%, to a $767 million industry from 2000 to 2008 and is projected to grow at an annual rate of 12.7% a year until 2018. It is projected that in
2016 161 million consumers will be subscribed to a music streaming service or internet radio. Number of Rivals


Competition in the music industry is segmented by the different areas of the industry.



The music publishing and record label business is dominated by 3 companies who collectively own 57.1% of the industry market share: Universal Music Group (25.5%), Sony
Records (20%), and Warner Music Group (11.6%)

5



Many Internet radio and subscription streaming services are available including applications
like
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