Music Label Market Share Numbers
Global recording industry trade group IFPI has released its latest annual report, with Universal Music showing a dominant market share. According to the report, Universal grabbed a 25.5 percent share of the market last year, a percentage that has increased in 2005.
Meanwhile, Sony BMG grabbed a 21.5 percent share, followed by EMI at 13.4 percent and Warner at 11.3 percent. Meanwhile, the independent sector continued to show remarkable strength with a 28.4 percent piece of the global pie. The figures are contained in the IFPI's 12th annual Recording Industry in Numbers report.
Other trends were notable. The group recently started tracking revenue from performance royalties, a rapidly growing sector. Royalties topped $493 million in 2004, a 4.5 percent increase over 2003 and a 19 percent jump over figures from five years ago. While those totals include revenues from restaurants, hotels, and traditional television and radio outlets, new technologies like webcasting are also increasing total earnings.
Elsewhere, the IFPI continued to trumpet a recent increase in global paid downloads, which reached 180 million units for the first half of this year. And overall, CD buyers appear to be getting older, with 55 percent of discs purchased by those over the age of 30, a steady increase over figures from 5 years ago.
Source: DigitalMusicNews
Posted by keefner at August 3, 2005 02:33 PM