The "big three" music companies that lead global record sales also dominate the Chinese market. In 2018, Universal, Sony, and Warner contributed almost 60 percent of the sales revenue in the record industry in China. However, their music accounted for around 20 percent of the amount played in the mainstream music platforms, like QQ Music, Kugou, and NetEase Music.
Total market share of Universal, Sony Music, and Warner Music in China and worldwide in 2018, by key performance indicator
*Mainstream music platforms refer to Spotify, Pandora, and Apple Music for global market; QQ Music, Kugou, Kuwo, NetEase Music, and Xiami Music for Chinese market.
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199IT. (June 14, 2019). Total market share of Universal, Sony Music, and Warner Music in China and worldwide in 2018, by key performance indicator [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1111268/china-market-share-of-three-major-record-companies-by-key-performance-indicator/
199IT. "Total market share of Universal, Sony Music, and Warner Music in China and worldwide in 2018, by key performance indicator." Chart. June 14, 2019. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1111268/china-market-share-of-three-major-record-companies-by-key-performance-indicator/
199IT. (2019). Total market share of Universal, Sony Music, and Warner Music in China and worldwide in 2018, by key performance indicator. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1111268/china-market-share-of-three-major-record-companies-by-key-performance-indicator/
199IT. "Total Market Share of Universal, Sony Music, and Warner Music in China and Worldwide in 2018, by Key Performance Indicator." Statista, Statista Inc., 14 Jun 2019, https://www.statista.com/statistics/1111268/china-market-share-of-three-major-record-companies-by-key-performance-indicator/
199IT, Total market share of Universal, Sony Music, and Warner Music in China and worldwide in 2018, by key performance indicator Statista, https://www.statista.com/statistics/1111268/china-market-share-of-three-major-record-companies-by-key-performance-indicator/ (last visited November 21, 2024)
Total market share of Universal, Sony Music, and Warner Music in China and worldwide in 2018, by key performance indicator [Graph], 199IT, June 14, 2019. [Online]. Available: https://www.statista.com/statistics/1111268/china-market-share-of-three-major-record-companies-by-key-performance-indicator/
