Is the Music Copyright Business Worth More Than Ever?
The recorded-music business has been trumpeting big gains in recent years, sparking a flood of new interest from investors. But music is just one piece of a pie that also includes publishing revenue from the underlying compositions. So what’s the overall value of the world’s music copyright today?
Former Spotify exec Will Page has for some years been producing an annual calculation bringing recordings and publishing together in a ‘value of the music copyright business’ metric. He published his latest (via Billboard) on Friday:
“The total global value of the music copyright business reached $30.1 billion in 2018, an all-time high in nominal terms… although still shy of its 2001 peak once inflation is taken into account.”