1、Foreword by Annette Barrett,President of IMPFFocus 1:Closing the royalty distribution gapFocus 2:Treatment of non-pop genres in the music publishing ecosystemAbout IMPFExecutive SummaryValue of independent music publishers businessIndependent music publishers global market shareAnalysis of the vario
2、us streams of revenueA look at the futureConclusionsMethodologyAcknowledgementsContents12024 was a strong and dynamic year for independent music publishers and we have several reasons to be satisfied with the findings of this report.Let me focus on a couple of them.Firstly,our global revenues have b
3、een growing in 2024,thanks to overall positive market trends,with most streams of income posting increases.This is great news for publishers as they try to diversify their sources of revenue.Secondly,the global market share of independent music publishers is holding steady at 26.3%and taken collecti
4、vely the independent music publishing community is still larger than the biggest major music publisher.This consistency reflects the sectors resilience and ability to maintain its strong position in a competitive global marketplace.It is a tribute to the dynamism and entrepreneurship of independent
5、music publishers around the world.Thirdly,based on the most recent Global Collections Report from CISAC,our business has truly become digital.In most countries,digital has become the leading source of revenue,or the second behind public performance rights.This ensures that we have steady,and growing
6、,streams of revenue collected from all five continents,flowing back to us though the global network of collective management organisations.These findings corroborate what we hear from our members around the world.Its been a good and active couple of years,with most economic indicators showing positi