Stock music, also known as production music or library music, is music that can be licenced or authorised for use in television, film, and other media by customers. Production music libraries own all of their music's copyrights, as opposed to popular and classical music publishers, who own less than half of a composition's copyright. Production music libraries typically provide a diverse range of musical styles and genres, allowing producers and editors to find exactly what they need in the same library. Music libraries range in size from a few hundred to many thousands of tracks.
One of the key factors expected to drive Stock Music Market growth during the forecast period is the growing popularity of video and audio streaming. Music fans' interest in streaming, particularly paid subscriptions for audio and video streaming, has grown significantly in recent years. Furthermore, rising demand for stock music tracks for use in voice-overs and background scores is expected to drive the Stock Music Market during the forecast period.
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