Individual content providers are anticipated to dominate the worldwide stock music market among end users over the forecast period. This can be attributable to the rising demand for licenced stock music, which is boosting the segment's growth over the projection period, as well as royalty-free stock music.
With a CAGR of 10.9% between 2021 and 2028, the global Stock Music Market, which was valued at US$ 964.4 Mn in 2020, is anticipated to grow to US$ 2,137.5 Mn by 2028.
Major Players in the Stock Music Industry:
1. Audio Network Limited: Established in 2001. Located in England, in the United Kingdom. UK-based company that offers services for music licencing, publishing, and recording. Broadcasters, businesses, artists, and music lovers can benefit from the company's products, which include unique music tracks that have been pre-cleared for a variety of formats. Audio Network was acquired by Entertainment One.
2. Envato Elements Pty Ltd.: The founder of a website with a marketplace for exchanging creative goods. Users can buy files, hire freelancers, or learn the skills necessary to make websites, films, apps, graphics, and other digital assets through the company's marketplace, studio, and classes, enabling users to produce and share digital creative assets. Created in 2006. Head office in Australia. With the purchase of Twenty20, Envato broadens its stock photo selection.
3. Epidemic Sound: A business that creates royalty-free music libraries for YouTube, TV, and movies. Users now have a simple and risk-free way to add music to digital media thanks to the company's subscription service and cloud-based library, which provide a selection of songs from various genres and grant visual content creators unlimited use of soundtracks across all platforms and nations without restriction. Established in 2009. Swedish headquarters are in Stockholm. EQT Growth and Blackstone Growth join forces with Epidemic Sound to help its upcoming development phase.
4. Pond5 Inc.: Creator of an internet store with a selection of creative assets and stock footage that is available without charge. The company's marketplace offers stock video footage, stock photos, illustrations, music tracks, sound effects, Adobe after effects project templates, and 3D models. By quickly surfacing the content and seamlessly integrating it into their workflow, businesses are able to innovate and accelerate the creative process. Established in 2006. Admin centre in the U.S.
5. SoundCloud Ltd.: Creator of a music streaming service with services for audio distribution and music sharing. The company's platform makes it easy to upload, record, promote, and share created music either publicly to blogs, webpages, and social networks or privately with friends. This helps musicians spread the word about their work and attract new fans. Established in 2008. Headquarters in Germany's Berlin. Musiio, an AI-based music discovery platform, is bought by SoundCloud.
6. The Music Bed LLC: A company that offers licenced music to TV studios, companies, and advertising agencies worldwide. The company provides top-notch selected music from eminent composers and top independent artists, assisting commercial ventures with music licences for a range of musical genres. Established in 2011. Admin centre in the U.S.
7. Music Vine Limited: Creator of a music and video platform that makes it simple to identify the correct tracks and democratises music licencing. The company's platform provides a curated collection of freemium music, sound effects, and clips for creators, removing the barrier to high-quality music and iconic sound clips with a catalogue of the best indie musicians and beatmakers in the world. This enables agencies, brands, filmmakers, hobbyists, and independent artists to access productions of all shapes and sizes. Built in 2015. Located in England, in the United Kingdom. Uppbeat's subsidiary Music Vine receives a £4.6 million Series A investment.
*Definition: Stock music, often referred to in the same breath as royalty-free music, library music or production music is music that's been specifically recorded to be licensed for mass use in other creative mediums like video.
