Recorded Music Market Shares Streaming Drives Growth
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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.
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