In 2022, independent record labels in total held the largest share of the global physical music market. Independents' share amounted to 43.7 percent that year, nearly double than that of Universal Music Group, which remained the biggest record label in the world in 2022.
Revenue market share of the largest record companies worldwide in 2022, by format
Characteristic
Sony Music Entertainment
Universal Music Group
Warner Music Group
Independent labels
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Music & Copyright. (April 25, 2023). Revenue market share of the largest record companies worldwide in 2022, by format [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1264753/record-companies-market-share-by-format/
Music & Copyright. "Revenue market share of the largest record companies worldwide in 2022, by format." Chart. April 25, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1264753/record-companies-market-share-by-format/
Music & Copyright. (2023). Revenue market share of the largest record companies worldwide in 2022, by format. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1264753/record-companies-market-share-by-format/
Music & Copyright. "Revenue Market Share of The Largest Record Companies Worldwide in 2022, by Format." Statista, Statista Inc., 25 Apr 2023, https://www.statista.com/statistics/1264753/record-companies-market-share-by-format/
Music & Copyright, Revenue market share of the largest record companies worldwide in 2022, by format Statista, https://www.statista.com/statistics/1264753/record-companies-market-share-by-format/ (last visited August 24, 2024)
Revenue market share of the largest record companies worldwide in 2022, by format [Graph], Music & Copyright, April 25, 2023. [Online]. Available: https://www.statista.com/statistics/1264753/record-companies-market-share-by-format/