Music Licensing Business

Business Idea: Start A Music Licensing Business in 2024

Pat Walls

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Updated: October 2nd, 2024

Avg Monthly Revenue

$154K

Avg Startup Costs

$18K

Score

Market Size

$28.7B

Avg Revenue

$154K/month

Min Revenue

$50K/month

Max Revenue

$315K/month

Avg Days To Build

105 days

Market Size

$28.7B

Avg Revenue

$154K/month

Min Revenue

$50K/month

Max Revenue

$315K/month

Avg Days To Build

105 days

Do you have a knack for music and a keen ear for spotting the next big hit? Consider diving into the music licensing business. At its core, music licensing involves securing permission for the use of songs in movies, TV shows, commercials, and video games.

Your primary role is to connect music creators with content producers looking for the perfect soundtrack. This often involves negotiating contracts, handling royalties, and ensuring legal compliance. The demand for original, high-quality music is ever-growing, presenting a lucrative opportunity for those with industry know-how.

Starting a music licensing business can be rewarding if you have the passion and the network. It involves thorough research, understanding copyright laws, and building relationships with both musicians and production companies. If you’re ready to merge your love for music with a business venture, this could be the perfect path for you.

Revenue & Profitability

How much do music licensing businesses make?

On average, successful music licensing businesses report $1.85M/year in revenue.

Startup Costs

How much does it cost to start a music licensing business?

It can cost as low as $15 to start a music licensing business.
It can cost as high as $300,000 to start a music licensing business.

Learn more about the costs of a music licensing business.

Examples Of Successful Music Licensing Businesses

Successful music licensing business businesses and case studies

How We Bootstrapped A Music Licensing Business to $2.5M/Year

EasySongLicensing.com grew from a mobile recording business to a bootstrapped music licensing agent, with a user base of over 60,000 clients and a gross profit of $2.5M in 2018, seeing a 30% increase in 2019, through investment in online marketing, customer service, and forming new partnerships.

$315K Monthly Revenue

$75K Startup Costs

Read by 17,371 founders

We Work With Some Of The Most Famous Musicians In The World (And Make $2.1M Per Year)

Anno Domini Nation, the digital music licensing pioneer, skyrocketed from $770k in sales to $2.1 million, achieving a 100%+ year-over-year growth by licensing beats and vocal recordings to both artists and major brands like Coca-Cola and BMW, while leveraging email marketing, innovative product launches, and a subscription service to scale their operations.

$175K Monthly Revenue

$20 Startup Costs

Read by 1,226 founders