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
Source: Music & Copyright market share report, Ovum
“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.”
Note to editors
Music & Copyright has restated the recorded-music shares for 2016 following a change in methodology. The calculations are now based on a much more comprehensive assessment of the recorded-music sector and allow for greater accuracy in the standings of the three majors and the independent sector.
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