Music’s Three Major Labels Earned $1.6 Billion In Streaming More Than The Year Before
Music streaming has taken over. In 2018, three main labels generally known as the “Big Three” pulled in $6.93 billion in wholesale income from music streaming alone.
This determine revealed by MBW analysis totals earnings by Universal, Sony and Warner’s labels over the past calendar yr. The breakdown shakes out to $19 million per day or $800,000 per hour from streaming companies.
Compared that to 2017, when these similar corporations pulled in $5.three billion — a $1.6 billion bounce.
Universal had essentially the most stellar yr, as its annual streaming revenues grew by 39% (in US ). The label additionally achieved over $three billion in streaming for the primary time ever, because of a $864 million bounce in income for 2018. In different phrases, $2.four million per day.
Overall, Universal introduced in essentially the most income, adopted by Sony Music, after which by Warner.
Universal’s greatest promoting artists for the yr included Drake, Post Malone, The Beatles and XXXTentacion.