Blog: market shares

Read our latest daily deep dives, hot takes, and exciting updates about the entertainment world. Check out the latest insight from your favourite analyst, or search by coverage areas - music, entertainment and fandom, creator economy and social.

State of the independent music economy: Fragmentation AND consolidation

Mark Mulligan

31 Oct 2024

market shares

label market shares

Independent labels

MIDiA is excited to announce our latest report “ State of the independent music economy: Fragmentation AND consolidation”. It represents the most extensive piece of research we have ever done. Through a combination of our annual Independent Label and Distributor Survey and an exhaustive (and exhausting) programme of desk research, MIDiA collected company level revenue data totalling $10.

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Global recorded music revenues grew by 9.8% in 2023

Mark Mulligan

18 Mar 2024

recorded music 2023

recorded music revenues

music revenues

Growth is back! After a slower 2022, global recorded music revenues grew by 9.8% in 2023 to reach $35.1 billion, compared to 7.1% in 2022, which means that the market is now more than double (124.5%) the size it was in 2015.

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MIDiA independent label and distributor survey

Mark Mulligan

14 Mar 2024

Independent labels

market shares

Record labels

MIDiA is fielding its annual independent label and distributor survey . This is the chance for the independent sector to have its voice heard. Given all of the changes that are taking place in the streaming economy, there has perhaps never been a more important time for this.

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UMG, Endel, and the case for labels in the AI space

Tatiana Cirisano

1 Jun 2023

Universal Music Group

Warner Music Group

Record labels

The flood of new music created using artificial intelligence (AI) will further erode major label market share, and some label executives’ recent comments about the value of human-made music seem to put those fears in plain sight.

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Music industry earnings 2021: Riding the wave

Mark Mulligan

6 May 2022

Streaming Music

Record labels

live music

Universal music’s Q1 2022 earnings showed continued growth but a noticeable slowdown in streaming growth, with streaming revenues up 12% year-on-year (YoY) in USD term compared to a growth of 35% one year earlier.

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Music subscriber market shares Q2 2021

Mark Mulligan

18 Jan 2022

subscriber market shares

streaming market shares

market shares

MIDiA’s annual music subscriber market shares report is now available here (see below for more details of the report). Here are some of the key findings. The global base of music subscribers continues to grow strongly with 523.

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Music market shares: independent labels and artists are even bigger than you thought

Mark Mulligan

3 Dec 2021

Independent labels

record label market shares

Major labels

It has been a long time since the music industry has been in such good shape. So long, in fact, that there are not too many executives left who worked through the pre-crash days. 2021 was the year in which the major label groups capitalised on the momentum, with Universal and Warner going public, and Sony going on a spending spree.

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Global music subscriber market shares Q1 2021

Mark Mulligan

9 Jul 2021

music subscribers

subscriber market shares

Streaming

The music industry’s growing obsession with declining ARPU will continue to colour the outlook for the global streaming market in revenue terms, but the positive driver of this equation is the rapid growth of music subscribers.

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Independents Grew Fastest on Spotify in 2019, But There’s a Twist

Mark Mulligan

28 Apr 2020

Independent artists

Independent labels

Major labels

Tomorrow (Wednesday 29 th April) Spotify announces its Q1 2020 results, at which point we will find out whether it had a COVID-bounce like Netflix did ( adding 15.8 million subscribers in Q1 ) or whether growth slowed.

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Spotify May Already Be Too Big for the Labels to Stop it Competing With Them

Mark Mulligan

26 Oct 2018

Artists direct

independent record labels

indie labels

Spotify’s Daniel Ek is betting big on developing a ‘two sided marketplace’ for music . With the company’s market cap on a downward trend despite strong growth metrics , Ek might find himself having to play up the disruption narrative more boldly and more quickly than he’d planned.

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