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21.11.14 Music Week 3


MARKET SHARES WEEK 46: TOP 75 SHARE BY CORPORATE GROUP


ARTIST SINGLES ■ Universal 45.07% ■ Sony 39.58% ■ Warner 14.00% ■ Others 1.35%


ARTIST ALBUMS ■ Universal 32.62% ■ Sony 29.75% ■ Warner 34.14% ■ Others 3.49%


ALL ALBUMS (Combined Artists & Compilation Albums) ■ Universal Music 31.59% ■ Sony Music 27.08% ■ Warner Music 29.55% ■ Sony /Universal 4.72% ■ Sony /Universal/Warner (65/25/10) 2.98% ■ Sony /Universal/Warner (42/42/16) 0.71% ■ Others (See breakdown to right) 3.37%


YouTube Music Key: UK industry execs react


COOKING VINYL 0.39%


MINISTRY OF SOUND GROUP 1.68% NUCLEAR BLAST 0.97% UNIVERSAL3/WARNER17 0.33%


SOPHIE HALL, LABEL MANAGER AT MTA RECORDS “In the long term, [I think the service] could bring significant revenue to artists. As a young label we strongly feel the need to embrace new models of income for both the artists and the label; and subscription based services will undoubtedly form a larger proportion of this in the future. Because artists themselves only see a small amount of income from the monetisation of music videos on YouTube (or at least compared to income from digital sales) YouTube Music Key will help provide additional revenue. We


have only seen a light version of it, but the ability to download offline helps to deliver a 360-degree platform not just based around streaming. “[In terms of renumeration], while I understand that artists at the top like Taylor


WEEK 46: TOP 75 SHARE BY RECORD COMPANY


Swift are able to dictate terms and potentially earn hundreds of thousands or multiple millions, when it comes to breaking and developing new artists I absolutely believe we should be embracing all new media and changing the attitudes to music consumption.”


ARTIST SINGLES ■ RCA Label Group 14.80% ■ Virgin EMI 8.14% ■ Polydor 8.70% ■ Island 6.89% ■ Atlantic 10.99% ■ Columbia 15.41%


■ Others 35.07% Capitol 6.62% Decca 10.91% Parlophone 2.19% RCA/Virgin EMI/warner Bros 0.88% Royal British Legion 0.47% Syco Music 9.37% Umc 1.17% Umtv 2.64% Warner Bros 0.82%


ARTIST ALBUMS ■ Polydor 5.15% ■ Virgin EMI 12.19% ■ RCA Label Group 2.02% ■ Island 3.87% ■ Atlantic 10.06% ■ Columbia 20.71%


■ Others 45.99% Capitol 6.51% Caroline 0.47% Columbia Label Group1/polydor2 0.29% Cooking Vinyl 0.48% Decca 4.15% Domino Recordings 0.51% Infectious Music 0.26% Metal & Dust Recordings 0.46% Nuclear Blast 1.20%


Parlophone 0.37% Rhino (Warners) 21.69% Roadrunner 0.41% Sony Music Cg 5.19% Syco Music 1.83% Umtv 0.27% Warner Bros 1.61% Xl Recordings 0.29%


CHRIS GOSS, HOSPITAL RECORDS CO-FOUNDER “Given it’s a Google platform, naturally it has ‘potential’. YouTube has historically been a leading music source for our audience, so we are ready to find proactive ways to work with them. Cost and time are pivotal in this landscape, and it remains to be seen whether the service can secure users with a worldwide brand built on an instant, free-access model. But I’d expect them to ringfence new and exclusive content, and look to sell the service that way. “In terms of royalty rates, we’re on the side of the independent underground, and so adopt the standard DIY approach; we’re


YEAR TO DATE: TOTAL MARKET SHARES BY CORPORATE GROUP


SINGLES ■ Universal 38.5% ■ Sony 22.9% ■ Warner 17.3% ■ Others 14.8% Ministry - 0.9% Infectious Music - 0.4% XL Beggars - 1.5% BMG Rights - 0.6% Domino - 0.8% PIAS - 0.6%


ALL ALBUMS ■ Universal Music 34.3% ■ Sony Music 22.0% ■ Warner Music 17.5% ■ Minstry Of Sound 3.2% ■ Demon Music Group 1.5%


ARTIST ALBUMS ■ Universal 33.6% ■ Sony 21.3% ■ Warner 20.4% ■ Others 18.9% XL Beggars 1.5% Domino Recordings 1.1% Demon Music Group 0.7% Cooking Vinyl 0.4% BMG Rights 0.8% Ministry Of Sound 0.6%


■ XL Beggars 1.1% ■ Domino Recordings 0.8% ■ Union Square Music 0.8% ■ Delta 0.7% ■ BMG Rights 0.7% ■ Others 17.4%


YEAR TO DATE: TOTAL MARKET SHARES BY RECORD COMPANY


SINGLES ■ Virgin EMI 12.9% ■ RCA 11.9% ■ Polydor 9.8% ■ Island - 8.4% ■ Atlantic Records UK 7.0% ■ Warner Bros - 5.0% ■ Columbia Label Group - 6.2% ■ Parlophone - 3.8% ■ Capitol - 2.3% ■ UMC - 1.8% ■ Others - 31.0%


ARTIST ALBUMS ■ Virgin EMI- 10.0% ■ Polydor- 7.9% ■ RCA - 6.7% ■ Columbia Label Group - 7.0% ■ Island - 5.4% ■ Warner Bros- 4.2% ■ Atlantic Records UK - 6.1% ■ Sony Music CG - 4.9% ■ Rhino (Warner) - 4.5% ■ Parlophone- 4.2% ■ Others - 39.3%


open for business if the terms are fair, and thanks to organisations like Merlin and AIM, we can get stuck in on a fairly level playing field. Taylor Swift and Irving Azoff don’t resonate that strongly with our community; removing your content from Spotify, whilst Pepsi presents your world tour is hardly the hallmark of a revolutionary.”


SIMON WHEELER, DIRECTOR OF STRATEGY, BEGGARS GROUP “If YouTube can get people on board the paid-for service, that would definitely increase industry revenues from the service, and that really needs to happen. But I think it will be a hard sell to get people to understand the paying service. It will be interesting to see the messaging around this, just relying on the sheer scale of YouTube would be complacent. I’m not convinced that selling stuff is in Google’s DNA. But there are significant data issues [when it comes to ensuring] people get paid, I believe that all


the participants should be paid fairly, but it takes a lot of work to manage rights in this area and YouTube is about as complex as it gets.”


CHRIS CAREY, FOUNDER OF MEDIA INSIGHT CONSULTING “YouTube has tremendous potential to bring in significant


revenue. In recent research carried out by Media Insight Consulting, 51% of the UK population had used online video to listen to music in the last six months. When you look at 16-24s, that number is 76%, which is to say three in four 16-24-year- olds have engaged with music that way in the last six months and 67% of 25-34s also listen to music through video. It also has the benefit of being a long established brand and one that consumers are fond of, but they have built their business on


providing high quality content that was free to the consumer. How easily the customer base reared on free will convert to a paid service is yet to be seen. “The key to attracting users to its paid for service is to differentiate it from the free service. One of the challenges streaming services face is that their free offerings are so good that the incentive to pay for a service is reduced. Obviously, this is a great position for the consumer but a challenge for the industry. The bundling with Google Play is another key differentiator. For a single fee you can get unlimited access to music videos and audio too - which is very compelling.”


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