REPUBLIC Records achieved a remarkable 13.47% market share in 2024, marking the best performance for a label since the streaming era began. This success was driven by Island Records' quadrupling of its share and the breakout albums of artists like Carpenter's. Interscope Geffen A&M secured second place with a 10.72% share, fueled by the success of artists like Olivia Rodrigo. While Warner Records surpassed Atlantic Records for the first time in years, Sony Music experienced a decline in overall share.
Taylor Swift performs onstage during The Eras Tour at Hard Rock Stadium on October 18, 2024 in Miami Gardens, Florida.At the end of 2023, REPUBLIC’ industry-leading current market share of 13.47% represented the best full-year mark for a label since at least 2015, encompassing the streaming era for the music industry., REPUBLIC posted a 14.90% current share, the second year in a row it led all labels by more than 4%.
Among the label groups, two sectors saw significant growth, offsetting the others. The Universal Music Group, fueled by the huge successes of REPUBLIC and Interscope, grew 1.09% year over year, posting a 36.90% current share. Sony Music, on the other hand, fell 1.13% in current share year over year, to 25.96%. Warner Music Group also fell, dropping from 16.96% in 2023 to 16.33% in 2024 in current share, while the indie sector grew 0.67% year over year by current distribution, from 20.14% to 20.
Among the individual labels in overall share, REPUBLIC and Interscope still held the top two spots — at 10.39% and 10.17%, respectively — though Interscope’s deeper catalog made it closer than with current share. Similarly, Atlantic Records’ deeper catalog meant it took third place in overall share, leapfrogging Warner Records in fourth, at 7.63% and 6.88%, respectively.
Music Industry Market Share REPUBLIC Records Island Records Interscope Geffen A&M Warner Records Atlantic Records Streaming Era
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