2021 is an important year for the big three music companies.
Worldwide music business research – based on financial numbers published for Universal, Sony and Warner – found that three majors (across recorded music and music publishing operations) generated 4 billion dollars more than last year compared to the calendar year 2020.
As calculated by MBW (explained below), the global music activities of the three majors are cumulatively $23.11 billion in the 12 months of the calendar year 2021.
That is equivalent to 2.6 million dollars every hour… $63.3 million every day… or $444.4 million every week.
And just for fun…it’s around here too $732 every second.
The largest overall increase over the same period last year was Universal Music Grouphave an increased annual revenue in cash (for recorded music activity plus music publishing) of $1.53 billion in 2021 versus 2020.
Equal previous reportThat growth has seen Universal take annual revenue above $10 billion for the first time in history, to 10.04 billion USD.
As you’d expect, Universal Music Group was the largest global company last year in terms of annual recorded music sales (including sales), with 8.48 billion USD.
That annual recorded music sales increased 1.32 billion dollars as calculated by MBW.
And Universal’s publishing division, Universal Music Publishing Group, has annual sales $1.58 billionupward $279 million YoY.
HOW WE DO IT: MBW has converted the published financial results of two of the major music companies – Universal Music Group and Sony’s music – into USD from different base currencies (EUR for Universal; Japanese Yen for Sony). For Universal, we’ve converted UMG’s quarterly EUR results for each quarter of 2021 using the European Central Bank’s official quarterly average EUR-USD rate. Because Sony CorpWe used the average Yen-USD exchange rate for each quarter provided by Sony. Warner Music Group publishes its quarterly financial results in USD.
Sony’s global music activism on recorded and published music (such as previous report) posted 7.49 billion USD in annual sales for the calendar year 2021.
That’s because 1.44 billion dollars above the equivalent from 2020. (MBW’s numbers here omit Sony’s ‘Visual Media & Platforms’ activity, which counts towards the company’s Music division. VM&P focuses on tracks. publishing mobile video games.)
Sony’s global recorded music division (including merchandise) announced sales of 5.77 billion USD in the calendar year 2021, up 1.16 billion dollars annual.
Sony had a particularly prosperous year for recorded music streaming revenue, growth by $979 million in 2021 to achieve 3.94 billion USD.
Of course, 2021 is a big year for Sony’s music acquisitions: they bought both Headquartered in United Kingdom AWAL and Based in Brazil Som Livre last year, among other purchases. After separate investigations, both of those transactions are recent obtain the approval of the local regulatory authority.
Sony’s global music publishing operations (due to Sony Music Publishing) has seen annual revenue growth 283 million dollars YoY according to the 2021 calendar, top 1.72 billion dollars.
As previously reported, if Sony’s publishing business can grow back to those margins (+283 million dollars) by 2022, they will surpass 2 billion dollars annual sales figures for this year.
Warner Music Group posted overall revenue – on the entire music publishing and recorded music – in 5.58 billion dollars in the calendar year 2021.
That number was increased by 1.04 billion dollars annual.
Warner’s recorded annual music sales (including merchandise) skyrocketed thanks to 882 million dollars year after year 4.77 billion USD in 2021.
Company recorded music streaming sales alone have increased 900 million dollars every year, to achieve 3.12 billion dollars.
And Warner’s music publishing division, Music Warner Chappellshows its annual sales increase $141 million to achieve $815 million in the calendar year 2021.Worldwide music business
https://www.musicbusinessworldwide.com/every-2-hours-the-major-music-companies-now-jointly-generate-more-than-5-million/ Every 2 hours, today’s major music companies together generate more than 5 million dollars