Mark Mulligan highlights that global music publishing revenues will increase over 60% from 2023 to 2031, reaching $16.8 billion, indicating strong industry growth.
Mulligan notes that while music publishing has historically been overshadowed by streaming royalties, it is now gaining a larger share in the streaming economy.
The growth in publishing revenues is supported by newer platforms like TikTok and Meta, which help enhance visibility and revenue opportunities for music publishers.
In 2023, Warner Chappell experienced a 16.6% revenue increase, while Sony remained the largest publisher, and independents saw significant growth of 12.7%.
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