Los Angeles, CA (September 26, 2017)—Revenues generated by production music are estimated to be $1 billion annually, according to the Production Music Association (PMA).
According to the PMA, the production music industry creates meaningful economic value for publishers and composers around the world. Yet the industry “is almost quite literally hidden in plain sight,” according to PMA chairman Adam Taylor, who is also the president of APM Music.
The PMA estimates that production music will generate revenue of at least $500 million a year in the U.S. alone in 2017, and well over $1 billion globally. Notably, production music is a sector that not only supports tens of thousands of songwriters, composers and musicians, but also provides increased opportunities for a host of related professions, ranging from graphic designers to music rights administrators to software developers.
“With substantial economic, creative and technological impact, the production music community has evolved during the past 90 years to become a significant part of the entertainment landscape in its own right,” said Joe Saba, PMA vice chairman. “Yet, the community has often not quite gotten the full respect or recognition it deserves—and has long been treated as the music industry’s step-child. Today, production music stands ready for its spotlight, and is poised for an even brighter future.”
The PMA will host its fourth annual Production Music Conference (PMC) October 4-6, 2017, at the Loews Hollywood Hotel. This year, the PMC will be a three-day event with 80 speakers across 16 panels, and will also feature The Mark Awards, a ceremony honoring production music excellence across 28 categories.
Production Music Association