Profile of the sound recording industry in Canada : Profil de l'industrie de l'enregistrement sonore au Canada

Ultimately, the results of the study are intended to: • assist in establishing a baseline financial profile of the sound recording sector and in identifying weaknesses in financial definitions and industry databases • provide quantifiable information for use in assessing the effectiveness of policy objectives and in administering and evaluating the impact of industry-related programs • provide ins [...] The Quebec companies surveyed earn the greatest share (46%) of their revenues from the pop vocal genre, while the predominant genre among the companies in the rest of Canada is rock (30% share). [...] Further analysis of the financial ratios using the quartile method indicates that the smaller independent companies (less than $1M in net revenues) surveyed have a larger distribution of values around the median for the financial ratios measured than the larger independents – except in the case of revenue per employee where large companies have a wider interval. [...] The interviewees spontaneously introduced a number of other issues, such as the efficiency of government programs and the role of majors in the Canadian industry. [...] This is followed by our recommendations for financial ratio analysis and databases in section 8. We complete the report with a review of the issues confronting the sound recording industry and a presentation of suggested elements of a new industry business model based on our interviews with the sound recording firms.