Data on the album plus track equivalent albums (TEA) market share of record companies in the United States showed that independent record labels held a market share of 35.13 of all U.S. sales in 2019 when it came to label ownership, more than double that of Warner Music Group. Over the years, UMG's share has grown as Sony's has fallen, and Warner Music Group's market share has increased by roughly 1.5 percent since 2011.
Market share of record companies in the United States from 2011 to 2019, by label ownership
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Billboard. (January 10, 2020). Market share of record companies in the United States from 2011 to 2019, by label ownership [Graph]. In Statista. Retrieved June 01, 2024, from https://www.statista.com/statistics/317632/market-share-record-companies-label-ownership-usa/
Billboard. "Market share of record companies in the United States from 2011 to 2019, by label ownership." Chart. January 10, 2020. Statista. Accessed June 01, 2024. https://www.statista.com/statistics/317632/market-share-record-companies-label-ownership-usa/
Billboard. (2020). Market share of record companies in the United States from 2011 to 2019, by label ownership. Statista. Statista Inc.. Accessed: June 01, 2024. https://www.statista.com/statistics/317632/market-share-record-companies-label-ownership-usa/
Billboard. "Market Share of Record Companies in The United States from 2011 to 2019, by Label Ownership." Statista, Statista Inc., 10 Jan 2020, https://www.statista.com/statistics/317632/market-share-record-companies-label-ownership-usa/
Billboard, Market share of record companies in the United States from 2011 to 2019, by label ownership Statista, https://www.statista.com/statistics/317632/market-share-record-companies-label-ownership-usa/ (last visited June 01, 2024)
Market share of record companies in the United States from 2011 to 2019, by label ownership [Graph], Billboard, January 10, 2020. [Online]. Available: https://www.statista.com/statistics/317632/market-share-record-companies-label-ownership-usa/