This question is about music industry statistics.

What companies dominate the music industry?

By Zippia Team - Jun. 29, 2022

Universal Music Group, Sony Music Entertainment, and Warner Music Group dominate the music industry. These three companies are the world's largest record companies, and they earned 32.1%, 20.6%, and 15.9%, respectively, of the revenue from global streaming and physical music sales in 2020.

Together, they earned 68.6% of the world's revenue from this industry. However, independent labels and artists are starting to collectively take background, as together, they earned 31.4% of the global streaming and physical music sales revenue in 2020.

As far as the largest music streaming companies go, Spotify earns that title with a market share of 31%. Apple Music follows with 15%, and Amazon Music and Tencent Music come behind with 13% each.

What companies dominate the music industry?

Choose from 10+ customizable resume templates

Zippia allows you to choose from different easy-to-use templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.