Today, Fitch Ratings published 'Global Music Industry: Key Trends and Outlook' a report exploring the key credit drivers of the global music industry while considering industry trends and prospects.
Music industry participants continue to undergo significant structural changes as they evolve their strategies and cost structures to adapt to rapidly evolving music consumption patterns. The dominant market share and increasing acceptance of legitimate online music sites and companies' early success within the digital music landscape contributes to Fitch's Stable Outlook for the global music industry.
Fitch believes piracy will continue to be a major issue for the music industry over the long term. Also, Fitch recognizes the risk related to pricing and infrastructure uncertainties as the industry continues to transition to an increasingly digital business model.
Ancillary revenue opportunities through monetization of videos and expanding into artist/management relationships are also discussed in the report.
Link
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment