Share on facebook

Music Industry Marches to Universal's Beat - Statista

Industry Overview
Digital & Trend Reports
Overview and forecasts on trending topics
Industry Reports
Industry insights and forecasts
Brands & Company Reports
Key figures and rankings about brands and companies
Consumer Reports
Consumer insights and preferences in various industries
Politics & Society Reports
Detailed information about political and social topics
Country Reports
All key figures about regions and countries
Consumer Market Outlook
Everything you need to know about Consumer Goods
Digital Market Outlook
Identify market potentials of the digital future
Mobility Market Outlook
Key topics in mobility
Technology Market Outlook
Insights into the world’s most important technology markets
Health Market Outlook New
Insights into the world’s most important health markets
Advertising & Media Outlook
Figures and insights about the advertising and media world
Industry Outlook
Everything you need to know about the industry development
Country Outlook
Key economic and social indicators
Directly accessible data for 170 industries from 50 countries and over 1 Mio. facts.
Customized Research & Analysis projects:
Quick Analysis with our professional Research Service:
Unique content meets Design:
Toplists & Rankings:
Best Employers Portal
Information Design for your projects:

More Information
KPIs for more than 20,000 online stores

In 2020, almost one third of global revenue with record sales and music streaming was generated by the music industry behemoth Universal Music Group. Therefore it comes as no surprise that the UK government has asked the Competition and Markets Authority, its cartel watchdog, to launch an investigation into the market dominance of Universal, Sony and Warner Music. As our chart indicates, the trio has been responsible for most of the global revenue made by record companies year after year.
While independent labels’ earnings were on the rise up until 2018, that star seems to have fallen again in recent years. Last year, sales and streaming revenue of indie artists and labels only made up 31.4 percent of the total global revenue. 2020 also marked the first year where Universal Music Group surpassed every other record company with a 32.1 percent market share, with its direct competitors Sony Music Entertainment and Warner Music Group lagging behind considerably with 20.6 and 15.9 percent respectively.
After a lull in the early and mid 2010s, revenues in the global recording industry have been increasing steadily every year. Even the coronavirus could only put a slight damper on its growth: In 2020, recorded music revenue came in at 23.1 billion U.S. dollars, an increase of 1.6 billion U.S. dollars over 2019. 62.1 percent of those earnings came from streaming, while physical sales only made up 19.5 percent and digital downloads, the revenue pillar which was supposed to supplant vinyl records and CDs, generated just 5.8 percent of the music industry revenue last year. With smaller artists struggling to make ends meet with streaming alone while it has become the premier source of income for record companies at the same time, the business models of Spotify, Apple Music and Tidal could be the subject of further investigation by more governing bodies in the future.

This chart shows the global digital and physical revenue market share of largest record companies.
Can I integrate infographics into my blog or website?
Yes, Statista allows the easy integration of many infographics on other websites. Simply copy the HTML code that is shown for the relevant statistic in order to integrate it. Our standard is 660 pixels, but you can customize how the statistic is displayed to suit your site by setting the width and the display size. Please note that the code must be integrated into the HTML code (not only the text) for WordPress pages and other CMS sites.
Statista offers daily infographics about trending topics, covering:
Economy & Finance, Politics & Society, Tech & Media, Health & Environment, Consumer, Sports and many more. Check our upcoming releases
Feel free to contact us anytime using our contact form or visit our FAQ page.

Need infographics, animated videos, presentations, data research or social media charts?
More Information



Travis Scott, Morgan Wallen hit Billboard Music Awards stage - CT Insider

Physical challenges don’t stop teen rapper’s music -

Most Viewed