Reports Music

Recorded Music Market 2017 Streaming Accelerating Growth

Report by Mark Mulligan
Cover image for Recorded Music Market 2017
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The 20,000 Foot View:  Recorded music revenues are booming and the distribution end of the value chain is both vibrant and competitive. This has not been the case for many, many years. Streaming is on course to become the main revenue source, while the slowdown in legacy format decline is enabling that growth to lift the overall market at a greater rate. The big record companies retain their dominant market positions, but, just as on the distribution side of the equation, the rights side of the recorded music market is undergoing transformation, with artists going direct the big revenue trend to surface in 2017.

Key Findings

  • Global recorded            revenues reached            billion, up            billion            2016
  • Streaming was            key driver of growth, up            on year to reach            billion
  • Legacy formats            and downloads) were down            million;            was less than            million lost            2016
  • Label revenue            performance royalties and synchronisation reached            in 2017, representing            of the           
  • Universal Music            the largest label group in            with annual revenues of            followed            Sony Music            and Warner Music           
  • Warner Music            the fastest growing major with            growth, though Universal Music added            most revenue in absolute terms¬†
  • Independent labels            another strong year, growing by            reach            million
  • Artists direct            artists without labels) were the            gainers in 2017, growing by            reach            million,
  • Artists direct            its market share from            (2015)            to            (2017) while Warner Music            its share from            in 2015                       in 2017
  • Artists direct            independents combined represented            of all            in 2017

Companies and brands mentioned in this report: Amazon, Apple, Apple Music, Bandcamp, Believe Digital, CD Baby, Cooking Vinyl, Deezer, Napster, Sony Music, Spotify, Tunecore, Universal Music Group, Warner Music Group

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