#Universal, #Sony and #Warner’s #record labels turned over more than $1bn from #streaming in the first quarter of this year – generating nearly $150 from the likes of #Spotify and #Apple Music every single second.
Like, literally – chuck in some extra waffle between parenthesis here to postpone your arrival at the next full stop – and they’ve already earned $2,000+ just in the time it’s taken you to read the past two sentences.
According to #MBW analysis, the trio of companies’ recorded #music divisions cumulatively generated $1.13bn from streaming in the three months to end of March.
(If you were wondering, this jointly works out at around $12.5m per day and $523,000 per hour.) #UniversalMusicGroup claimed a 44% market share of this money, thanks to the €467m ($498m) it earned from streaming in the period.
As a result, #UMG enjoyed its biggest Q1 in 15 years in the quarter, with streaming contributing 46% of total revenues.
(Omit licensing and merchandise cash – creating a fair fight between physical sales, digital sales and streaming – and streaming claimed 55% of UMG’s recorded music money in Q1, with physical on 27% and download on 18%.)
#SonyMusic turned over 37.79bn Yen ($332m) in streaming revenues in calendar Q1 2017, grabbing a major label market share of 29%.
And Warner punched above its weight with $300m in streaming cash – representing 27% of the total pie.
(All dollar figures here have been calculated using the Q1 2017 prevailing average exchange rate.) Interestingly, MBW estimates that UMG, Sony and Warner turned over $824m in streaming revenue in the same period of the prior year (Q1 2016).
UMG had a smaller market share of 41% (€307m / $339m), with Sony on 34% (32.02bn Yen / $278m).
US-based Warner’s steaming haul in the first quarter of 2016 was officially $207m, representing a 25% share amongst the majors.
That all essentially means Universal has grown its global Q1 major label streaming market share by 3% over the past year, with Warner’s climbing by 2%.
Most importantly, the overall first-quarter streaming revenues flowing into all of the majors have grown by 37% – or $306m – in the past year.