Record Label Market Share Q1 2024: Warner Records Posts Huge Gains While Universal Enters a New Era

  • 📰 billboard
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Record label market share in Q1 2024 has Universal leading, Warner rising and Sony down. Republic led labels with hits from Taylor Swift and more.

the Universal Music Group that occurred in February — which loosely divided the music giant’s labels under two umbrellas, Republic Corps and the Interscope Capitol Labels Group — has created a new hegemony that effectively splits its industry-leadingsit atop label empires that, in a given week, can rival the Warner Music Group as a whole in terms of market share.

Sticking in sixth place is Capitol Music Group — whose market share still contains indie distributor Virgin, as well as Quality Control/Motown, Capitol Christian, Astralwerks and Blue Note — which posted a 4.71% current share, down from 5.56% in the first three months of 2023. Dropping to seventh is Columbia, which includes some labels from indie distributor RED in its market share, at 3.71%, down from 5.85% a year ago.

The numbers are more static when looking at overall market share, which includes back catalog, though the trends are still there: Universal and the indies both were up over Q1 2023, while Sony and WMG dipped. By label ownership, the independent sector remains larger than any individual major, accounting for 36.09% in overall market share, albeit down from the 37.38% it had in Q1 2023.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 112. in BE

Belgique Dernières Nouvelles, Belgique Actualités