2017 Top Markets Report Media and Entertainment

[Krisirie Market Research]

[Chris Walker]

The numbers are astounding, billions and trillions! But this article is helpful in that it provides an estimated value of the Global media and entertainment market $1.9 (2016) with a healthy estimate of growth at 5%. Revenue growth is a sign of the health of this industry sector. The total value of the industry in the US is $712 billion (2016). This is divided between a handful of majors and thousands of SMEs.

[Chris Walker]

The following points listed below from the article show that the US IP industry of which music is a core sector is doing very well. This is the kind of information that investors appreciate because it shows that a once declining industry is now on the rebound and its growth rate is out pacing more traditional sectors. This data offers key signals to accredited investors who are looking for growth opportunities. The average salary of people who work in core copyright industries is almost 40% greater than the average compensation paid to all U.S. workers. This means that there is significant competition for talent and a limited pool of talent to draw from. Talent in this case refers to all human resources involved in the value creation chain not just creators.

 

• From 2012-2015, core copyright industries grew an aggregated annual rate of 4.8 percent, a whopping 127 percent more than the entire U.S. economy, which grew at only a 2.1 percent rate.
  

 

• In addition, the average annual 2015 compensation was $93,221 for workers in the core copyright industries, which far exceeds the average compensation paid to all U.S. workers, $67,715.
  

 

• U.S. copyright industries contribute significantly to exports and outperform other sectors. For example, select U.S. copyright products in overseas markets amounted to $177 billion in 2015 (IIPA Report), which represents a significant increase over prior years’ exports.