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NEW YORK--(BUSINESS WIRE)--November 6, 2007--Fitch Ratings has
published a report today that explores 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.
The full report 'Global Music Industry: Key Trends and Outlook'
can be found on the Fitch web site at
www.fitchratings.com
Fitch's rating definitions and the terms of use of such ratings
are available on the agency's public site,
www.fitchratings.com. Published ratings, criteria and
methodologies are available from this site, at all times.
Fitch's code of conduct, confidentiality, conflicts of interest,
affiliate firewall, compliance and other relevant policies and
procedures are also available from the 'Code of Conduct' section
of this site.
Copyright 2007 Business Wire
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