2018 Global Label Market Share: Stream Engine

March 13, 2019

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Recorded music revenues grew in 2018 for the fourth consecutive year, reaching $18.8 billion, up $2.2 billion from 2017. Streaming was the engine room of growth, up 30% year on year to reach $9.6 billion. For the first time streaming became the majority of label revenue (51%), and its growth continues to outpace the decline of legacy formats. Major label rankings remained unchanged in 2018, but the majors enjoyed varying fortunes and the continued meteoric rise of Artists Direct points to market transforming changes that are reshaping the entire business of record labels.

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Local Media San Diego

Local Media San Diego is an innovative radio broadcasting, digital media and event company located in San Diego, California. Local Media San Diego produces some of the biggest lifestyle events, promotions, and concerts in the San Diego area each year. Taco Fest, Ye Scallywag, BeerX, X-Fest, WREX The Halls, Cruise for the Cause, Freestyle and Love Jam, to name a few. Each are attended by 5,000-10,000 people.

OTHER ARTICLES

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Spotlight

Local Media San Diego

Local Media San Diego is an innovative radio broadcasting, digital media and event company located in San Diego, California. Local Media San Diego produces some of the biggest lifestyle events, promotions, and concerts in the San Diego area each year. Taco Fest, Ye Scallywag, BeerX, X-Fest, WREX The Halls, Cruise for the Cause, Freestyle and Love Jam, to name a few. Each are attended by 5,000-10,000 people.

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