Independent label market shares Up on all counts

Mark Mulligan

October 2021

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This report presents record label market share that is measured not just by label reported revenues, but also by separating the revenues of independent labels that are distributed by major label groups, in order to give a more precise view of how the independent sector is performing. This report also contains the findings from a global survey of independent labels, fielded by MIDiA Research, which tracks industry sentiment and billions of dollars of revenue that fed into the market shares model.

Notes:

‘Independent’ refers to all recorded music revenue that is not Universal Music, Sony Music or Warner Music. It includes independent labels, artists direct (i.e., self-releasing artists) and large music companies in markets, like Japan and South Korea, that collectively account for the majority of revenues in their domestic markets.

Companies and brands mentioned in this report: ADA, Avex Group Holdings, AWAL, Believe Digital, Big Hit Music, CD Baby, Distrokid, Hybe Corporation, IDOL, Merlin, The Orchard, PIAS, Secretly, SM Entertainment, Som Livre, Sony Music, Spotify, Universal Music, and Warner Music