In 2023, independent record labels in total held the largest share of the global physical music market. Independents' share amounted to 43.7 percent that year. The largest share of the global digital music market was held by Universal Music Group, which remained the biggest record label in the world in 2023.
Revenue market share of the largest record companies worldwide in 2023, by format
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Music & Copyright. (April 23, 2024). Revenue market share of the largest record companies worldwide in 2023, by format [Graph]. In Statista. Retrieved February 02, 2025, from https://www.statista.com/statistics/1264753/record-companies-market-share-by-format/?__sso_cookie_checker=failed
Music & Copyright. "Revenue market share of the largest record companies worldwide in 2023, by format." Chart. April 23, 2024. Statista. Accessed February 02, 2025. https://www.statista.com/statistics/1264753/record-companies-market-share-by-format/?__sso_cookie_checker=failed
Music & Copyright. (2024). Revenue market share of the largest record companies worldwide in 2023, by format. Statista. Statista Inc.. Accessed: February 02, 2025. https://www.statista.com/statistics/1264753/record-companies-market-share-by-format/?__sso_cookie_checker=failed
Music & Copyright. "Revenue Market Share of The Largest Record Companies Worldwide in 2023, by Format." Statista, Statista Inc., 23 Apr 2024, https://www.statista.com/statistics/1264753/record-companies-market-share-by-format/?__sso_cookie_checker=failed
Music & Copyright, Revenue market share of the largest record companies worldwide in 2023, by format Statista, https://www.statista.com/statistics/1264753/record-companies-market-share-by-format/?__sso_cookie_checker=failed (last visited February 02, 2025)
Revenue market share of the largest record companies worldwide in 2023, by format [Graph], Music & Copyright, April 23, 2024. [Online]. Available: https://www.statista.com/statistics/1264753/record-companies-market-share-by-format/?__sso_cookie_checker=failed
