| Mumbai, India - July 27 Bharat Book
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| | the level of `karaoke culture'. According
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| Bureau has added "Music Industry Market
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| | to original research conducted for this
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| Review 2006"( to its huge collection of
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| | Key Note Market Review, nearly half the
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| business market research reports.
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| | population say they enjoy singing and one
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| Music may be defined romantically as `the
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| | in four are able to play a musical
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| food of love' (Shakespeare) or more
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| | instrument (with a musical instrument
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| prosaically as `sound with particular
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| | available to be played in 44% of UK
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| characteristics' (Wikipedia), but it is
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| | homes).
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| undeniably a `vibrant artform' (Arts
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| | Amateur participation in music is on the
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| Council England) and one which touches
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| | increase generally and one in five adults
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| more people, in more ways, than any other
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| | describe music as their `main hobby'.
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| art form.
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| | However, despite the interest in music,
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| In commercial terms, music certainly
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| | only 18% of adults go to concerts
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| generates a higher market value than the
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| | regularly, and Key Note believes there is
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| other arts, although a comprehensive
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| | great potential for the live music
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| market size for music in all its
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| | market. Encouragement for live events
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| manifestations is impossible to
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| | comes from public funders, such as the
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| calculate. Key Note has put a value of
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| | Art Councils, although funding is biased
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| 3.03bn on consumer spending on music in
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| | towards the more intellectual or minority
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| 2005, derived from three sectors:
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| | types of music (classical, jazz and world
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| recorded music (which accounts for the
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| | music).
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| bulk of the market), live music and
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| | In mainstream music, recording and
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| musical instruments. However, data for
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| | marketing are now dominated by just four
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| other related markets are included, such
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| | `majors' worldwide, one of which is the
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| as equipment for home listening and
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| | UK's own giant record company, EMI Group
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| viewing.
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| | PLC. The other majors are Universal Music
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| Recorded music dominates, but this large
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| | Group and Warner Music Group, based in
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| market is on the cusp of a technological
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| | the US, and Sony BMG, a Japanese/German
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| revolution that will eventually transform
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| | joint venture only created in 2004.
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| the way the majority of people buy music.
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| | One of EMI's major strengths is its
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| In 2005, most music was bought as compact
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| | historic catalogue of recordings and
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| disc (CD) albums the `single', vinyl and
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| | copyrights which includes The Beatles
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| cassette having already become minor
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| | and many other enduring acts of the last
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| sectors but `legal downloading',
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| | century. Although the music headlines
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| although still in its infancy, is
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| | tend to be dominated by new artists for
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| accelerating rapidly. Key Note forecasts
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| | example, the Arctic Monkeys, whose first
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| that, by 2010, legal downloading will
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| | album shot to number one in 2006 the
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| account for more than a third of consumer
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| | fact is that most people's music tastes
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| spending on recorded music, although the
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| | are fairly conservative and are rooted in
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| time-lag while older consumers get used
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| | the music they grew up with. Key Note's
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| to the new technology will mean that CDs
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| | survey of artists that the public would
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| will remain the main format for years to
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| | take to a `desert island' was topped by
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| come.
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| | Abba, The Beatles, Frank Sinatra and
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| Recent growth in recorded products has
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| | Madonna, although Beethoven came fifth.
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| also come from music on digital versatile
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| | About Bharat Book Bureau
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| disc (DVD), which are rapidly replacing
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| | are the exclusive distributors for
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| videocassettes, and this marks a shift
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| | Economist Intelligence Unit ( EIU ),
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| towards a more `visual' appreciation of
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| | Euromoney for the SAARC region ( India,
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| music and its performers. Young consumers
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| | Nepal, Srilanka, Pakistan, Bangladesh,
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| are spending more time accessing music
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| | Bhutan, and Maldives ). We facilitate and
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| through their computers or televisions,
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| | support all your business information
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| having been brought up on MTV and other
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| | needs by providing you with the relevant
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| music channels in the new digital media
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| | information materials generated and
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| environment of multi-channel television
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| | published by global agencies on Core
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| and radio. Although radio is now
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| | Industry ( Automotive, Insurance, Banking
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| peripheral to television in terms of
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| | and Finance, Shipping and Marine, Metals
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| media consumption, the fact remains that
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| | and Minerals, Oils and Gas etc. ),
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| music dominates radio output, and the two
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| | Country Information, Technical and
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| are self-reliant.
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| | Management subjects, both in print and
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| In television, music plays a lesser role,
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| | electronic format. These include Reports,
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| but the popularity of talent shows such
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| | Newsletters, Country and Company profile
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| as Pop Idol and The X Factor has served
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| | etc.
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| to raise the profile of music, if only at
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