Bad Bunny and Harry Styles led Sony to big gains in current market share in 2022, while Republic’s huge fourth quarter helped it end the year on an upswing.
leading the way, it was a banner year for Sony Music, as it gained in both overall market share and, more drastically, in current market share on the leading Universal Music Group, narrowing the gap among releases less than 18 months old to 6.58% in 2022 — a chasm that stood at 13.7% at the end of 2021.Midnights
Sony’s overall market share grew 0.76% year over year -- up to 26.87% in 2022 from 26.11% in 2021 -- marking a big stride forward for the music group. That gain was largely at the expense of Universal Music Group, which dropped 0.66% year over year, from 38.20% in 2021 to 37.54% at the end of 2022. Meanwhile, Warner Music Group’s market share grew from 16.06% in 2021 to 19.
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