Reports Music

Recorded Music Market Shares Streaming Drives Growth

Report by Mark Mulligan
Cover image for Recorded Music Market Shares
Synopsis PDF Excel

Get full access to this report and assets

Already a MIDiA client? Login here to view this report.

New to MIDiA? Get in touch with our client success specialists to purchase this report and gain a competitive edge today.

The 20,000 Foot View MIDiA has been tracking record label and publisher financial releases throughout 2016. In addition MIDIA has conducted market sizing work on the publishing sector and research for the Worldwide Independent Network’s (WIN) indie label market share project. Pulling all of these inputs together, along with reports from country trade bodies and PROs, MIDiA has created a recorded music market share model to provide a unique view of where the revenue flows in the global business. To ensure as representative a picture as possible all local currency data has been converted into US dollars at the currency conversion rates for the respective quarters. This removes the distortion effect that occurs when data historical data is retrospectively converted at today’s conversion rates.

Key Findings

  • Universal Music’s            record label revenue share was            ahead of the nearest rival            Music which had a            share
  • UMG had            big streaming year, seeing revenue            by           
  • Warner Music            the best major label performance            local currency terms, growing its            by            and its market share                       to           
  • Warner Chappell            a good year, growing revenue                       year-on-year
  • Sony registered            US dollar growth of            in            the highest of all the            increasing its market share from            2015 to            in 2016
  • In Yen            SME’s revenue grew by just            2016
  • Independent labels            revenue increase by            but that            not enough to prevent market            fall slightly from            in 2015                       in 2016
  • Independent publishers            a strong year, seeing revenue            by            and market share grow                       in 2015 to            in 2016
  • The global            music business grew by            in            adding            billion, reaching            billion
  • Streaming revenue            by            in 2016 to reach            up from            billion in 2015
  • The midterm            outlook is as much about            format transition as it is            growth

Companies and brands mentioned in this report:  Amazon, Apple Music, Deezer, KPN, Sony Music, Sony/ATV, Spark, Spotify, Universal Music, Universal Music Publishing, Warner Music, Warner Chappell