UMG Extends Market Lead Over Sony – Remains Dominant Major Label
Universal Music Group extended its lead over Sony Music Entertainment last year following an increase in its market share of recorded music sales, says new research from Music & Copyright. SMI, while it did lose some share, still remained quite a ways ahead of its nearest rival WMG.
In 2010, UMG increased its market share of physical music sales to 28.7% from 27.6% in 2009. In terms of publishing, however, things are much different. While EMI is the smallest of the four major labels, it increased its publishing share to 19.7% last year from 19.3% to in 2009. Lastly, adding all the revenues received by the major music groups, Music & Copyright has determined the total figure for 2010 stood at $19.8 billion, down by 7.4% from $21.4 billion in 2009.
Source: Hyperbot
