September 18, 2006

The USA Today's David Liebermann has an article on the music industry that's surprisingly good. (That's because the article is in the Money section of the paper, not the Arts section.)

Liebermann takes a gander at the decline in sales of recorded music and what companies are doing about it. Publishing is the focus here. Universal Music Group's purchase of BMG Music Publishing is mentioned. Newcomers like Primary Wave Music Publishing are mentioned due the lower barriers to entry compared to the recorded music field.

Some hard numbers (from Credit Suisse) help make the article worth reading. Here's a sample:

"Publishing revenue will total about $4 billion this year and swell at least 4% a year through 2013. That's attractive because about 24% of revenue flows to earnings before taxes and depreciation, according to Credit Suisse. Recorded music generates cash-flow margins of about 14%."
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Posted by Glenn at 2:53 PM | | | Music Industry

[music jobs] HR Manager at EMI NA; New York, NY.