Sources of Revenue: Sale of Recordings for Music Publishers, All Establishments, Employer Firms
REVSLREF51223ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
293.00
Year-over-Year Change
76.51%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures the total revenue from the sale of recordings for music publishers across all U.S. establishments. It provides insight into the financial health and trends within the music publishing industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Sources of Revenue: Sale of Recordings for Music Publishers, All Establishments, Employer Firms metric tracks the total revenue generated by the sale of music recordings by U.S. music publishing companies. This data point is used by economists and industry analysts to monitor the performance and revenue streams of the broader music publishing sector.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their annual economic surveys.
Historical Context
This revenue trend is closely watched by policymakers and market participants to understand the dynamics and commercial viability of the U.S. music publishing industry.
Key Facts
- Music publishing is a $4.5 billion industry in the U.S.
- Recorded music accounts for over 40% of total revenue for music publishers.
- The top 3 music publishers control over 65% of the global market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by U.S. music publishing companies from the sale of recordings and music catalogs.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the financial health and performance of the broader music publishing industry, which is a critical component of the overall music ecosystem.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the U.S. Census Bureau through their economic surveys of businesses.
Q: How is this trend used in economic policy?
A: Policymakers and regulators monitor this revenue trend to understand the dynamics and viability of the music publishing sector, which informs policy decisions around copyright, royalties, and industry support.
Q: Are there update delays or limitations?
A: This data is published annually with a lag of approximately 6-12 months, so it may not reflect the most current industry conditions.
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Citation
U.S. Federal Reserve, Sources of Revenue: Sale of Recordings for Music Publishers, All Establishments, Employer Firms (REVSLREF51223ALLEST), retrieved from FRED.