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Report Shows Majors Earning $800K/Hour From Streaming Services

A report by Music Business Worldwide has outlined just how much income major record companies are collecting from streaming.

Report Shows Majors Earning $800K/Hour From Streaming Services

By External Source

A report by Music Business Worldwide has outlined just how much income major record companies are collecting from streaming.


MBW crunched the figures for 2018, and worked out from investor filings from Universal Music Group (UMG) parent Vivendi, Sony Music parent Sony Corp and Warner Music Group, that The Big Three earned US$$6.93 billion from streaming.

Combined, that’s an average of $19 million a day, and just under $800,000 per hour.

Breaking down the figures further, MBW determined that Universal’s streaming revenue grew by 39% to top $3 billion for the first time, Warner was second with a 27.6% jump to $1.83 billion, while Sony had a 22.3% increase to over $2 billion. -- Continue reading the analysis and view the graphs on the MBW website

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Kendrick Lamar
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Kendrick Lamar
Rb Hip Hop

Kendrick Lamar Receives Nearly Five-Minute Ovation After 'Not Like Us' at Second Grand National Tour Concert in Toronto

Kendrick and SZA played their second show at the Rogers Centre on Friday night (June 13), which included a rare performance of SZA's 'Drew Barrymore' to make up for her cancelled 2023 concert.

Kendrick Lamar’s victory lap continues.

The California rapper received another roaring ovation after performing his viral Drake diss track “Not Like Us” in the rapper’s hometown of Toronto on Friday night (June 13).

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