Music Business Worldwide
March 2, 2021
At over 270 million people, Indonesia’s population size is nearly four times that of the UK and around 60m short of the US.
Of those 270m people, around 196m were reportedly connected to the internet in 2019, an increase of 14.6% compared to 2018.
In spite of the country’s rising internet penetration and arrival of Spotify in the market in 2016, according to IFPI statistics, Indonesia was still only the 33rd largest recorded music market globally in 2019, generating $48.2 million in the year – up 9.4% YoY.
The country’s role in the global music market could all be about to change, however, following today’s news that Sony Music Publishing has launched in Indonesia (SMPI).
SONY MUSIC PUBLISHING announced TUESDAY (3/2) it is expanding into INDONESIA and launching SONY MUSIC PUBLISHING INDONESIA (SMPI). The independent publishing company will be dedicated to the development and promotion of INDONESIAN songwriters both locally and around the world.
SMPI will work closely with SONY MUSIC ENTERTAINMENT INDONESIA (SMEI) and other music publishers and associations to foster international networks and partnerships for INDONESIAN composers and songwriters, as .