Music industry earnings 2021 Riding the wave
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20,000 foot view: In this report MIDiA presents, contrasts and analyses headline financial metrics of leading music industry companies across labels, publishers, streaming and live. The companies tracked represent more than half of total global music industry revenues across these sectors.
Key insights :
All figures refer to growth of the tracked companies
- The combined growth rate of the tracked across labels, publishers, digital service (DSPs) and live was in
- Live, still from the pandemic collapse, increased share of total to up in 2020, but this was far below its share in
- Major labels DSPs both grew streaming revenues despite each having hedges against other (labels: non-DSP streaming, DSPs: entertainment and podcasts)
- UMG remained largest label group, with revenues to billion – but Sony Group (SMG) grew faster to billion
- Believe grew than all of the majors to reach billion) while HYBE its recorded music revenues by even stronger
- Music publishers by with Warner Chappell growing
- Spotify dominated streaming revenue with billion, but Tencent Music Entertainment (TME) and Cloud Music grew faster and
- Pandora, despite a userbase that is times than TME’s, still generated more in 2021
- Spotify’s 2021 base grew by to hit compared to and growth for and NetEase Cloud Music respectively
Company financials covered in this report: Believe, HYBE, Live Nation, LiveXLive, NetEase Cloud Music, Pandora, Reservoir Media, Sony Music Group, Spotify, Tencent Music Entertainment, Universal Music Group, Warner Music Group
Companies and brands mentioned in this report: Believe, HYBE, Ithaca Holdings, Live Nation, LiveXLive, Meta, NetEase Cloud Music, Pandora, Peloton, Reservoir Media, Sony Music Group, Sony Music Publishing, Slacker, Snap, Spotify, Tencent Music Entertainment, TikTok, Universal Music Group, Universal Music Publishing, Warner Music Group, Warner Chappell