Music industry
Definition and description
of the industry
The music industry covers the creation, production, distribution and marketing of music. This includes a variety of genres and formats, from recorded music (albums, singles) to concerts and streaming services. This industry involves a variety of actors such as musicians, producers, labels, distributors and streaming platforms. It is constantly evolving, influenced by changes in technology and consumer habits.
Key steps and players
in the value chain
1.
Creation and composition
Writing and composing music, often in collaboration with other musicians.
Actors
Composers, songwriters, artists.
2.
Recording and production
Recording and production of music in the studio, with particular attention to sound quality.
Actors
Producers, sound engineers, recording studios.
3.
Mixing and mastering
Final processing of the audio tracks to obtain the final sound of the track or album.
Actors
Mixing and mastering engineers.
4.
Marketing and advertising
Promoting music to radio stations and the media, and organising concerts.
Actors
Marketing teams, press officers, bookers.
5.
Distribution
Making music available through a variety of channels, including physical (CDs, vinyl) and digital.
Actors
Labels, distributors, streaming platforms.
6.
Sales and monetisation
Music sales, revenue generation through streaming and licensing.
Actors
Record shops, streaming services, licence managers.
7.
Live concerts and performances
Organising and producing concerts and festivals, a major source of income for artists.
Actors
Promoters, event organisers, programmers.
8.
Rights and royalties management
Management of copyright and collection of royalties for artists and authors.
Actors
Collective management societies, copyright lawyers.
