Recorded Music Market Shares Streaming Drives Growth
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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