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Report: independents are 27% of music publishing market

Independent publishers body IMPF has published a new ‘Global Market View 2020′ report offering figures for its members’ share of the global publishing sector.

The key stats: an estimate that the global publishing market was worth €5bn (around $5.9bn) in 2019 – up from €4.63bn in 2018 – and that independent publishers accounted for 27% of that market in 2019.

Note, there’s a specific methodology here: IMPF defines ‘independent’ as any firm with less than 5% of the market, adding that the three major global publishers (Sony/ATV, UMPG and Warner/Chappell) have a 55% share collectively.

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US publishing industry in uproar over DoJ licensing plans

Music Ally reported on the official confirmation late last week that the US Department of Justice will enforce “100% licensing” under its consent decrees.

Since then, members of the publishing community have been having their say, and it should not surprise you to hear that they are pretty much 100% against the plans – with many questioning the motivation behind the DoJ’s move.

“Where will this consistent erosion and undermining of the fundamental rights of authors and composers end? How is it that policy makers, on both sides of the Atlantic, have put themselves in the business of making decisions that are disastrous for the music community, but curiously beneficial for others?” is how IMPF president Pierre Mossiat put it in a statement condemning the plans.