$1.0bn
$XXX.Xm
2,305
1,961
$XXX.Xm
Australia’s Music Publishing and Sound Recording industry has faced challenging conditions over the past few years. Rate hikes have reduced disposable income across the economy, and spending on online platforms like Spotify and Apple Music has seen a reduction as a result. Demand for sound recording has fallen over the past five years as the popularity of home recording studios has grown, with more people able to source cheap but high-quality sound recording equipment. Industry revenue is set to fall annualised 2.1% over the five years through 2023-24, to $1.0 billion. This trend includes an expected fall of 3.5% in 2023-24, as economic pressures limit people’s spending power.
Industry revenue has declined at a CAGR of 2.1 % over the past five years, to reach an estimated $1.0bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Centenary Australia | 474.5 | |
SBME Holdings Australia | 156.5 | |
Warner Music Australia | 42.2 |
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Industry revenue is measured across several distinct product and services lines, including Media licensing, Sound recording and Cover and sample licensing. Media licensing is the largest segment of the Music Publishing and Sound Recording in Australia.
Media licensing continues to be the primary product of the industry
Industry companies primarily acquire and register copyrights for musical compositions and authorise the use of these compositions on a range of platforms, including radio broadcasts, television programs, films, live performances and online formats. The industry also includes companies that produce original master recordings and complete other sound recording activities.
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ANZSIC 5521 - Music Publishing and Sound Recording in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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Online music platforms continue to dominate the market. This has made music licensing the most prominent product segment.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Industry operators are primarily based in music hubs. Sydney and Melbourne attract the most industry businesses because of their relatively long history and presence in the A...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Apart from two major players, the industry is highly fragmented. The two largest players, Centenary Australia and SBME, control the majority of the market.
Learn about the performance of the top companies in the industry.
Major companies in the industry secure their dominance by attracting renowned artists to their labels. Having famous artists amasses large fan bases and secures revenue.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Music publishers and sound recorders are subject to a light level of regulation. The primary legislation that affects the industry is the Copyright Act 1968.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The industry has become reliant on streaming services, which has eroded profit. Sales have fallen in the past three years, and streaming services are less profitable than phy...
Including values and annual change:
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Music Publishing and Sound Recording industry in Australia is $1.0bn in 2024.
There are 1,961 businesses in the Music Publishing and Sound Recording industry in Australia, which has grown at a CAGR of 3.2 % between 2019 and 2024.
The market size of the Music Publishing and Sound Recording industry in Australia has been declining at a CAGR of 2.1 % between 2019 and 2024.
Over the next five years, the Music Publishing and Sound Recording industry in Australia is expected to grow.
The biggest companies operating in the Music Publishing and Sound Recording market in Australia are Centenary Australia, SBME Holdings Australia and Warner Music Australia
Media licensing and Sound recording are part of the Music Publishing and Sound Recording industry.
The company holding the most market share in Australia is Centenary Australia.
The level of competition is high and increasing in the Music Publishing and Sound Recording industry in Australia.