GITNUX MARKETDATA REPORT 2024

Statistics About The Most Famous Record Labels

Record labels such as Universal Music Group, Sony Music Entertainment and Warner Music Group dominate the industry with billions in revenue and millions of album sales worldwide.

Statistic 1

"As of 2021, Universal Music Group, home to artists like Lady Gaga and Taylor Swift, has a global market share of approximately 30%, making it the world's biggest record label."

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Statistic 2

"In the US, Universal Music Group has a revenue of $7.1 billion in 2020."

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Statistic 3

"Sony Music Entertainment held a 22.1% share of the music market in 2020."

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Statistic 4

"In 2020, Sony Music Entertainment reported a revenue of $6.02 billion."

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Statistic 5

"Warner Music Group, the third largest record label, had a market share of 19.3% in 2020."

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Statistic 6

"Warner Music Group reported a total revenue of $4.5 billion in 2020."

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Statistic 7

"Independent Labels collectively achieved a 25.5% share of the US music market in 2020."

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Statistic 8

"The Beatles, signed to EMI, are the best-selling band in history, with estimated sales of over 600 million units globally."

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Statistic 9

"Michael Jackson’s Thriller, released by Epic Records, is the best-selling album of all time with an estimated 66 million copies sold by 2018."

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Statistic 10

"Def Jam Recordings has produced 70 number one Billboard Hot 100 hits as of 2021."

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Statistic 11

"Columbia Records, founded in January 1889, is the oldest existing brand name in recorded sound."

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Statistic 12

"Streaming accounted for 83% of Warner Music Group's recorded music revenue in 2020."

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Statistic 13

"Streaming contributed 57% to Sony Music Entertainment’s total revenue in 2020."

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Statistic 14

"Universal Music Group's streaming revenue reached $4 billion in 2020."

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Statistic 15

"90% of UK indie labels reported a growth in streaming income in 2014."

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Statistic 16

"The UK is home to over 400 independent labels."

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Statistic 17

"Universal Music Group launched a record label in India called Mass Appeal India in partnership with Nas, a US-based rapper in 2019."

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Statistic 18

"40% of the French market is owned by Warner, Universal and Sony."

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Statistic 19

"Universal Music Group operates in more than 60 countries worldwide."

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Statistic 20

"Over 50% of Spotify's top-streamed tracks were hip hop songs as of 2019, indicating high popularity of labels focusing on this genre, such as Def Jam Recordings and Roc Nation."

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