Music Industry

How big is streaming for the major labels? VERY big.

I love when data gets crunched in ways that help us visualize what would otherwise be unvisualizable. (Is that even a word?)

Music Business Worldwide dug into the financial results of the three major labels–Universal, Sony, and Warner–and determined that on average, they brought in US$19 million a day in streaming revenues. That’s about US$800,000 an hour.

Universal, the biggest of the three, got bigger in 2018. Streaming revenues increased by a whooping US$864 million over where the company finished in 2017. That means on average Universal saw an additional US$2.4 million in streaming money every day.

It wasn’t that long ago that the labels had to be dragged into the streaming age screaming bloody murder. But times chance, right?

Read more here.

Alan Cross

is an internationally known broadcaster, interviewer, writer, consultant, blogger and speaker. In his 40+ years in the music business, Alan has interviewed the biggest names in rock, from David Bowie and U2 to Pearl Jam and the Foo Fighters. He’s also known as a musicologist and documentarian through programs like The Ongoing History of New Music.

Alan Cross has 38164 posts and counting. See all posts by Alan Cross

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