Your EDM
  • News
  • Featured
    • Editorials
    • Giveaways
    • Aspire To Inspire
    • Interviews
  • Music
    • House
      • Bass House
      • Commercial House
      • Deep House
      • Disco House
      • Dutch House
      • Electro House
      • Future House
      • Indie Dance
      • Nu-Disco
      • Progressive House
      • Tech House
    • Bass Music
      • Drum n Bass
      • Dubstep
      • Future Bass
      • Glitch Hop
      • Hardstyle
      • Moombahton
      • Trap
    • Trance
      • Trouse
      • Uplifting Trance
      • Tech Trance
    • Free Downloads
  • Discord
  • News
  • Featured
    • Editorials
    • Giveaways
    • Aspire To Inspire
    • Interviews
  • Music
    • House
      • Bass House
      • Commercial House
      • Deep House
      • Disco House
      • Dutch House
      • Electro House
      • Future House
      • Indie Dance
      • Nu-Disco
      • Progressive House
      • Tech House
    • Bass Music
      • Drum n Bass
      • Dubstep
      • Future Bass
      • Glitch Hop
      • Hardstyle
      • Moombahton
      • Trap
    • Trance
      • Trouse
      • Uplifting Trance
      • Tech Trance
    • Free Downloads
  • Discord
No Result
View All Result
Your EDM
No Result
View All Result
Home EDM News

REPORT: Big Three Music Labels See $1.6 Billion Increase In Music Streaming for 2018

by Karlie Powell
March 3, 2019
in EDM News
drake

Music streaming has taken over. In 2018, three leading labels known as the “Big Three” pulled in $6.93 billion in wholesale revenue from music streaming alone.

This figure revealed by MBW research totals earnings by Universal, Sony and Warner’s labels over the last calendar year. The breakdown shakes out to $19 million per day or $800,000 per hour from streaming services.

Compared that to 2017, when these same companies pulled in $5.3 billion — a $1.6 billion jump.

Universal had the most stellar year, as its annual streaming revenues grew by 39% (in US dollars). The label also achieved over $3 billion in streaming for the first time ever, thanks to a $864 million jump in revenue for 2018. In other words, $2.4 million per day.

Overall, Universal brought in the most revenue, followed by Sony Music, and then by Warner.

Universal’s biggest selling artists for the year included Drake, Post Malone, The Beatles and XXXTentacion.

 

Source: MBW

Tags: 2018big three labelsmusic streamingrevenueSony Musicuniversalwarner
Previous Post

deadmau5 Tests Out Unreleased IDs For New Cube 3.0 Show [WATCH]

Next Post

Bassnectar’s New Collaboration with Peekaboo Is A Certified Slapper [WATCH]

Karlie Powell

Karlie Powell

Next Post
bassnectar

Bassnectar's New Collaboration with Peekaboo Is A Certified Slapper [WATCH]

No Result
View All Result

Facebook Twitter Instagram Twitch

Our Company

  • Contact Us
  • Join the community

Our Policies

  • Privacy Policy
  • Cookie Policy
  • Terms of Use
© 2020 Your EDM, LLC - All Rights Reserved
No Result
View All Result
  • News
  • Featured
    • Editorials
    • Giveaways
    • Aspire To Inspire
    • Interviews
  • Music
    • House
      • Bass House
      • Commercial House
      • Deep House
      • Disco House
      • Dutch House
      • Electro House
      • Future House
      • Indie Dance
      • Nu-Disco
      • Progressive House
      • Tech House
    • Bass Music
      • Drum n Bass
      • Dubstep
      • Future Bass
      • Glitch Hop
      • Hardstyle
      • Moombahton
      • Trap
    • Trance
      • Trouse
      • Uplifting Trance
      • Tech Trance
    • Free Downloads
  • Discord

© 2020 Your EDM, LLC - All Rights Reserved