Every 2 hours, the major music companies now jointly generate more than $5 million

todayMarch 15, 2022 1

share close

2021 was a momentous yr for the three main music corporations.

Music Enterprise Worldwide analysis – based mostly on the printed monetary numbers for Common, Sony and Warner – has found that the three majors (throughout recorded music and music publishing operations) generated over $4 billion extra final yr than they did in calendar 2020.

In accordance with MBW’s calculations (defined beneath), the three majors’ world music operations cumulatively generated $23.11 billion throughout the 12 months of calendar 2021.

That was the equal of $2.6 million each hour… $63.3 million daily… or $444.4 million each week.

And only for enjoyable… it was additionally round $732 each single second.

Universal Music Group

The most important general gainer year-on-year was Common Music Group, which loved a financial annual income bounce (for its recorded music operation plus music publishing) of $1.53 billion in 2021 vs. 2020.

As beforehand reported, that progress noticed Common take its annual revenues above $10 billion for the primary time in historical past, to $10.04 billion.

As you’d anticipate, Common Music Group was the most important world firm final yr when it comes to annual recorded music revenues alone (together with merch gross sales), with $8.48 billion.

These annual recorded music revenues grew by $1.32 billion year-on-year, in accordance with MBW’s calculations.

And Common’s publishing division, Common Music Publishing Group, noticed annual revenues hit $1.58 billion, up $279 million YoY.

HOW WE DID IT: MBW has transformed printed monetary outcomes for 2 of the main music corporations – Common Music Group and Sony’s music operation – into USD from completely different root currencies (EUR within the case of Common; Japanese Yen within the case of Sony). For Common, we have now transformed UMG’s quarterly EUR outcomes for every quarter of 2021 utilizing the European Central Financial institution’s official common quarterly EUR-USD charges. For Sony Corp, we have now used the common Yen-USD charges in every quarter as supplied by Sony. Warner Music Group publishes its quarterly monetary leads to the foundation foreign money of USD.

Sony Corp logo

Sony’s world music operation throughout recorded music and publishing (as beforehand reported) posted $7.49 billion in annual revenues in calendar 2021.

That was up by $1.44 billion on the equal quantity from 2020. (MBW’s numbers right here omit Sony’s ‘Visible Media & Platform’ operation, which is counted below its company Music division. VM&P focuses on cellular online game releases.)

Sony’s world recorded music division (together with merch) posted revenues of $5.77 billion in calendar 2021, up $1.16 billion year-on-year.

Sony had a very affluent yr when it comes to recorded music streaming revenues, which grew by $979 million in 2021 to hit $3.94 billion.

2021, in fact, was an enormous yr for Sony’s acquisitions in recorded music: it purchased each UK-based AWAL and Brazil-based Som Livre final yr, amongst different purchases. Following separate investigations, each of these offers just lately received native regulatory approval.

Sony’s world music publishing operations (led by Sony Music Publishing) noticed annual revenues develop by $283 million YoY in calendar 2021, topping $1.72 billion.

As beforehand reported, if Sony’s publishing operations can develop by that margin once more (+$283m) in 2022, they are going to surpass a $2 billion annual income determine this yr.

Warner Music Group

Warner Music Group posted general revenues – throughout music publishing and recorded music – of $5.58 billion in calendar 2021.

That determine was up by $1.04 billion year-on-year.

Warner’s annual recorded music revenues (together with merch) leaped up by $882 million year-on-year to hit $4.77 billion in 2021.

The agency’s recorded music streaming revenues alone have been up $900 million year-on-year, to succeed in $3.12 billion.

And Warner’s music publishing division, Warner Chappell Music, noticed its annual revenues develop by $141 million to succeed in $815 million in calendar 2021.Music Enterprise Worldwide

Source link

Written by: soft fm radio staff

Rate it

Previous post


Montana (SSN 794) delivered to U.S. Navy

HELENA — PCU Montana, a Virginia-class fast-attack submarine, was delivered to the U.S. Navy on March. 12. PCU is the designation given to vessels earlier than their official fee into the Navy, it should change into the united statesMontana after its fee.Christened on September 12, 2020, Montana (SSN 794) efficiently accomplished its sea trials final month.The submarine was constructed by Huntington Ingalls Industries (HII). Greater than 10,000 shipbuilders from Newport Information Shipbuilding and Electrical Boat have participated in Montana’s development […]

todayMarch 15, 2022 1

error: Content is protected !!