BUS P3 MUSIC (global music recording and distribution) Flashcards
What is music recording?
A music recording is a physical record of a musical performance that may be replayed or reproduced.
What is a global music recording business?
A global music recording business is a business that produces, records, generates, and markets music across the globe.
The music industry includes various businesses, from large record labels to small independent labels and clubs.
How much has the music recording market size grown?
The music recording market size has grown during recent years.
It reportedly grew from $55.44 bn in 2023 to $59.59 bn in 2024.
The growth is mainly due to distribution platforms, music industry business models, artists promotion and marketing, cultural and genre trends
Which are some large businesses in the global music recording industry?
- Sony Corp
- Universal music group
- Warner Music
What is music distribution?
Music distribution is about making the song available to all music stores when the song can be downloaded or streamed by fans.
Getting distribution right is essential to the success of any artists.
A skilful music distribution company can make the difference between a song never being heard, and a song that is sold globally.
What are some key platforms where music is distributed to?
Key platforms include spotify, apple music, google play music, instagram, tiktok, facebook
What are some of the roles of music distributors?
- Distributors allocate royalties back to the owner
- Sales reports need to be shared to communicate the money made
- Ensuring that the song is placed in a fabourable location to maximise the number of clicks
How do distributors make money?
Distributors make money by charging a fee for uploading/distributing songs to stores, or they take a commission on the revenue generated for the artists
Who are some large global music distribution companies?
- Universal music group
- Warner music
- BMG
