Posted 1/10/2024, 8:44:19 PM
Republic Records Leads Music Industry in 2023 Market Share, Lifting Universal Music Group as Sony and Warner See Mixed Results
- Republic Records hit a record 13.47% market share in 2023, lifted by huge years from Taylor Swift and Morgan Wallen
- Universal Music Group rebounded to a 35.84% market share, while Sony also grew to 27.08% and Warner dipped to 16.95%
- Atlantic and Warner Records took 3rd and 4th in market share, while Capitol Music Group rounded out the top 5
- Epic and Sony Latin both saw boosts in share with hits from Travis Scott and Tyla, respectively
- In overall share including catalog, Republic took the top spot from Interscope Geffen A&M, while UMG led all label groups