Independent firms have increased their share of the global music publishing market from 27% in 2019 to 28% in 2020 according to their industry body IMPF. We reported on the first figure in its Global Market View report in October 2020, but now it has published the follow-up covering last year. Based on the estimated €6bn ($6.8bn) size of the global publishing market, that suggests around €1.68bn ($1.92bn) for independent publishers in 2020.
However, the IMPF has tried to show that these companies have a greater ‘market impact’ measured using the top charts of streaming services like Spotify’s Top 50. “Data provided by BMAT6 shows that in key markets Canada and Germany indie publishers control shares on 36% of the tracks in the charts, in France this percentage goes up to 52%, in the UK 40% and in the US 32%,” claimed the report. “In Brazil and Japan this percentage is even higher with respectively 56% and 76% of control shares for indie publishers.”
You can read the full report here.
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