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UMG and WMG make recorded-music market-share gains in 2017; SONY outperforms the market in publishing

UMG and WMG make recorded-music market-share gains in 2017; SONY outperforms the market in publishing

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Ovum publication Music & Copyright‘s annual survey of the recorded-music and music-publishing sectors has revealed that UMG maintained its position last year as the world’s biggest record company, with Sony remaining the publishing leader in terms of corporate music publishing control, after registering the best year in the company’s history.

UMG saw gains in both its physical and digital recorded-music market shares in 2017 and ended the year with a 29.9% share of total recorded-music revenue, up from 29.5% in 2016. Sony accounted for 27.3% of global publishing revenue, up from 27% in 2016. The company published the IFPI’s top three artists of last year: Ed Sheeran, Drake, and Taylor Swift.

Record companies, total recorded-music-revenue market shares, 2017

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Source: Music & Copyright market share report

Although the recorded-music and music publishing landscapes were relatively unchanged last year compared with 2016, there were some very interesting differences in some of the companies’ market shares,” said Simon Dyson, editor of Music & Copyright and Practice Leader of Ovum’s Music team.

Both UMG and WMG had notably higher digital recorded-music shares than physical, while SME and WMG’s market share of streaming revenue outpaced their download shares. But, despite the subtle changes in shares for the majors, collectively, the indie sector was the leader in both recorded-music and music publishing.
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Panos Mavraganis

In my case the “bug” of journalism overcame "DJing". However, the search for new electronic dance music remains... an addiction. I work as an editor on a nationwide daily newspaper in Athens, where’s my permanent residence. I retain the following Blog, which is updated daily. My hobby is conducting interviews with Greek and foreign producers/DJs.
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