Music streaming has taken over. In 2018, three main labels referred to 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 during the last calendar 12 months. The breakdown shakes out to $19 million per day or $800,000 per hour from streaming providers.
Compared that to 2017, when these identical firms pulled in $5.three billion — a $1.6 billion bounce.
Universal had essentially the most stellar 12 months, 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 largest promoting artists for the 12 months included Drake, Post Malone, The Beatles and XXXTentacion.
Source: MBW