{"id":100736,"date":"2024-08-19T18:00:00","date_gmt":"2024-08-19T17:00:00","guid":{"rendered":"https:\/\/routenote.com\/blog\/?p=100736"},"modified":"2024-08-30T09:23:54","modified_gmt":"2024-08-30T08:23:54","slug":"artists-rejoice-as-music-publishing-revenues-grow","status":"publish","type":"post","link":"https:\/\/routenote.com\/blog\/artists-rejoice-as-music-publishing-revenues-grow\/","title":{"rendered":"Artists rejoice as music publishing revenues grow"},"content":{"rendered":"\n

A powerful 2023 saw music publishing revenues shoot up to more than $10 billion, outperforming label revenues.<\/span><\/h2>\n\n\n\n

Another fantastic year of music publishing growth represents great things for artists. The results for 2023 saw a fantastic rise in revenues suggest more successes in the years to come for songwriters and musicians. For clarification on what music publishing revenues are, check out our guide here<\/a>.<\/p>\n\n\n\n

MIDiA Research have launched their 2024-2031 global music publishing forecast<\/a>. In the report they celebrate significant growth of 12% for music publishing revenues in 2023, surpassing record label trade revenue growth of 9.1%. Global music publishing revenues grew to $10.1 billion. <\/p>\n\n\n\n

MIDiA put the impressive growth down to a combination of bolstered live revenues after COVID, as well as enhanced royalty rates on streaming. Greater positioning combined with the already significant growth of music streaming for yet another year helped music publishing revenues climb. <\/p>\n\n\n\n

MIDiA write in their report: “As the streaming market matures, publishers have gained a larger share of the streaming economy through effective lobbying and licensing strategies. They have also secured better royalty terms in deals with emerging platforms like TikTok<\/a> and Meta, reflecting their newfound confidence and leading role in innovation.”<\/p>\n\n\n\n

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What is Music Publishing and Why Should You Know About It?<\/a><\/blockquote>