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CDs will remain the main format for years to come

Mumbai, India - July 27 Bharat Book Bureau`karaoke culture'. According to original
has added "Music Industry Market Reviewresearch conducted for this Key Note Market
2006"( to its huge collection of businessReview, nearly half the population say they
market  research  reports.enjoy singing and one in four are able to
play a musical instrument (with a musical
Music may be defined romantically as `theinstrument available to be played in 44% of
food of love' (Shakespeare) or moreUK  homes).
prosaically as `sound with particular
characteristics' (Wikipedia), but it isAmateur participation in music is on the
undeniably a `vibrant artform' (Arts Councilincrease generally and one in five adults
England) and one which touches more people,describe music as their `main hobby'.
in  more  ways,  than  any  other  art  form.However, despite the interest in music, only
18% of adults go to concerts regularly, and
In commercial terms, music certainlyKey Note believes there is great potential
generates a higher market value than thefor the live music market. Encouragement for
other arts, although a comprehensive marketlive events comes from public funders, such
size for music in all its manifestations isas the Art Councils, although funding is
impossible to calculate. Key Note has put abiased towards the more intellectual or
value of 3.03bn on consumer spending on musicminority types of music (classical, jazz and
in 2005, derived from three sectors: recordedworld  music).
music (which accounts for the bulk of the
market), live music and musical instruments.In mainstream music, recording and marketing
However, data for other related markets areare now dominated by just four `majors'
included, such as equipment for homeworldwide, one of which is the UK's own giant
listening  and  viewing.record company, EMI Group PLC. The other
majors are Universal Music Group and Warner
Recorded music dominates, but this largeMusic Group, based in the US, and Sony BMG, a
market is on the cusp of a technologicalJapanese/German joint venture only created in
revolution that will eventually transform the2004.
way the majority of people buy music. In
2005, most music was bought as compact discOne of EMI's major strengths is its historic
(CD) albums the `single', vinyl and cassettecatalogue of recordings and copyrights
having already become minor sectors butwhich includes The Beatles and many other
`legal downloading', although still in itsenduring acts of the last century. Although
infancy, is accelerating rapidly. Key Notethe music headlines tend to be dominated by
forecasts that, by 2010, legal downloadingnew artists for example, the Arctic Monkeys,
will account for more than a third ofwhose first album shot to number one in 2006
consumer spending on recorded music, althoughthe fact is that most people's music tastes
the time-lag while older consumers get usedare fairly conservative and are rooted in the
to the new technology will mean that CDs willmusic they grew up with. Key Note's survey of
remain  the  main  format  for years to come.artists that the public would take to a
`desert island' was topped by Abba, The
Recent growth in recorded products has alsoBeatles, Frank Sinatra and Madonna, although
come from music on digital versatile discBeethoven  came  fifth.
(DVD), which are rapidly replacing
videocassettes, and this marks a shiftAbout  Bharat  Book  Bureau
towards a more `visual' appreciation of music
and its performers. Young consumers areare the exclusive distributors for Economist
spending more time accessing music throughIntelligence Unit ( EIU ), Euromoney for the
their computers or televisions, having beenSAARC region ( India, Nepal, Srilanka,
brought up on MTV and other music channels inPakistan, Bangladesh, Bhutan, and Maldives ).
the new digital media environment ofWe facilitate and support all your business
multi-channel television and radio. Althoughinformation needs by providing you with the
radio is now peripheral to television inrelevant information materials generated and
terms of media consumption, the fact remainspublished by global agencies on Core Industry
that music dominates radio output, and the( Automotive, Insurance, Banking and Finance,
two  are  self-reliant.Shipping and Marine, Metals and Minerals,
Oils and Gas etc. ), Country Information,
In television, music plays a lesser role, butTechnical and Management subjects, both in
the popularity of talent shows such as Popprint and electronic format. These include
Idol and The X Factor has served to raise theReports, Newsletters, Country and Company
profile of music, if only at the level ofprofile etc.



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