Record Label Market Share Midyear 2023: Republic Cruises to Huge Lead, Interscope Heats Up

Both Republic’s consistency and Interscope’s growth helped propel parent company Universal Music Group to a 34.48% current market share at the midyear mark, an improvement over both its first quarter current share and its current share at the midyear mark of 2022 . Sony Music, in second place at 27.54%, dipped slightly from its huge Q1 current share of 28.46%, though it is still up significantly from the midyear mark in 2022, when it posted a 26.01% current share.

Rounding out the top 10 among current share is a trio of Sony labels, including two that made large strides: Sony Nashville, in eighth, at 2.55%, which grew from 2.30% in the first quarter and 1.72% midway through 2022; and Sony Latin in ninth, at 1.95%, up from 1.92% in Q1 and 1.22% halfway through 2022. Epic Records, at 1.82%, came in 10th in current share, dropping from 2.06% in Q1 and 2.24% at this time last year.

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