Recorded music market shares 2024 Widening gaps
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20,000 foot view: After a buoyant 2023, recorded music revenue growth slowed again in 2024, the fourth year of alternating growth rates. It was a year of varied fortunes across both formats and labels, but perhaps most crucially of all, a growing divergence between label streaming growth and DSP growth. This report presents recorded music market revenues by format as well as market shares for key labels and other industry segments.
Key data and insights included in this report:
- Recorded music market revenues by quarter and by year, broken out by source and rightsholder shares
- Revenue splits and Year on Year growth for music streaming, downloads, physical, sync, and expanded rights by quarter and by year
- Streaming revenue growth by rightsholder segment
- Recorded music market revenue broken out for UMG, SMG, WMG, non-major labels, and artist-directs
- Analysis of the financial results and market share for the major music labels
Words: 3060 Pages: 22 Infographics: 8
Companies and brands mentioned in this report: Amuse, AVEX, Deezer, CD Baby, Discovery Mode, DistroKid, HYBE, JYP Entertainment, Merlin, NetEase Cloud Music, Pandora, Reservoir Media, Sony Music Group, Spotify, TuneCore, Universal Music Group, Warner Music Group