Recorded Music Market 2018

The 20,000 Foot View: For the fourth consecutive year, recorded music revenues grew again in 2018 with streaming revenue the engine room of growth. For the first time, streaming became the majority of label revenue and its growth continues to outpace the decline of legacy formats. Major label rankings remained unchanged in 2018 but the majors enjoyed varying fortunes and the continued meteoric rise of artists direct, i.e. artists without record labels, points to market transforming changes that are reshaping the entire business of record labels.

Key Findings

  • Global recorded music revenues reached $X billion, up $X billion from 2017
  • Streaming was the key driver of growth, up 30% year-on-year to reach $X billion, representing X% of all label revenues
  • Legacy formats (physical and downloads) were X $X billion, which was more than the $X billion X in 2017
  • Universal Music remained the largest label group in 2017 with annual revenues of $X billion, followed by X ($X billion) and X ($X billion)
  • Universal added more revenue than any other label group: $X billion, an increase of X% well above the market average of X%
  • Artists direct was the fastest growing segment again, X by X% to reach $X billion
  • Independent labels generated $X million, in part reflecting independent revenue distributed by major labels
  • Universal and Warner Music both X X points of market share, X to X% and X% respectively
  • As in 2017, artists direct was the biggest market share gainer, X 0.7 points to X%
  • Independent labels collectively accounted for X% in 2018, X X points on 2017

Companies and brands mentioned in this report: Apple, CD Baby, Sony Music, Tencent Music Entertainment, Tunecore, Universal Music Group, Warner Music Group

Charts: 4
Pages: 12
Words: 2,291

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