MBW’s Stat Of The Week is a collection during which we spotlight a knowledge level that deserves the eye of the worldwide music business. Stat Of the Week is supported by Cinq Music Group, a technology-driven document label, distribution, and rights administration firm.

How a lot cash do the three main music corporations – Common Music Group, Sony Music Group, and Warner Music Group – collectively generate nowadays?

It’s been some time since Music Enterprise Worldwide has answered this query, and we thought our readers have been due an replace. So we reached for the calculator.

Discovering what the three majors generate in income nowadays is made less complicated as a result of every of them has just lately introduced their calendar Q1 outcomes (Common right here, Sony right here, and Warner right here).

From there, MBW has translated every set of quarterly outcomes from Common (which publicizes its fiscal numbers in Euros) and Sony (which publicizes its fiscal numbers in Japanese Yen) into US {Dollars} on the common prevailing foreign money change price of the quarter.

(Sony Group Corp gives this common price; for Common, now we have used the common quarterly EUR-USD determine for Q1 2023 recognized by the European Central Financial institution).

Warner Music Group publicizes its outcomes to the market in USD.

Under you may see what every of the three main music corporations generated in revenues throughout 4 classes:

• (i) ‘Recorded Music + publishing and so forth’: This brings collectively all recorded music income streams for the majors, with music publishing revenues, plus ancillary revenues from operations resembling merch and live performance ticketing. (Sony’s ‘Visible Media + Platform’ revenues have been omitted, as defined right here.)
• (ii) Music Publishing: As you’d count on, all revenues attributed to music publishing within the quarter;
• (iii) Recorded music: As you’d count on, all revenues attributed to recorded music by every firm within the quarter;
• (iv) Recorded music: Streaming: As you’d count on – all revenues attributed to streaming throughout the recorded music operation of every firm within the quarter. Observe: This determine consists of each ad-funded and subscription streaming income.

(Small observe value figuring out: Sony’s outcomes beneath, through Sony Group Corp, are world, so embrace the efficiency of its autonomous recorded music and music publishing corporations in Japan, in addition to in the remainder of the world. Additionally value figuring out: These are revenues as corporately reported by the majors, and usually embrace income generated by distributed companions.)

As you may see, collectively throughout their music rights operations (together with recorded music plus music publishing plus ancillary revenues), the majors cumulatively generated USD $6.21 billion within the first three months of the yr.

That works out to roughly $69 million per day, or simply below $2.9 million each hour.

And only for enjoyable: It additionally works out to roughly $48,000 each minute… or $800 per second.

By way of recorded music alone (together with merch and different ancillary revenues), the three majors generated $5.00 billion within the first three months of 2023.

That works out to roughly $56 million per day, or simply over $2.3 million each hour.

That’s additionally roughly $39,000 per minute… or $648 per second.

And by way of recorded music streaming revenues alone, the three majors collectively generated $3.32 billion within the first three months of 2023.

That works out to roughly $37 million per day, or $1.5 million per hour.

That’s additionally roughly $26,000 per minute… or $433 per second.

Yr-on-year income development on the majors remains to be wholesome, however, proper now, not maintaining with the substantial double-digit YoY will increase we as soon as noticed.

In calendar Q1, Common Music Group noticed 9.6% YoY income development in recorded music; Sony noticed 10.5% YoY income development in the identical class; and Warner’s recorded music revenues bounced by 2.5% YoY. (All fixed foreign money.)

With $6.2 billion in income secured in Q1, can the majors now go on to collectively prime $25 billion in annual income in 2023?

Cinq Music Group’s repertoire has received Grammy awards, dozens of Gold and Platinum RIAA certifications, and quite a few No.1 chart positions on quite a lot of Billboard charts. Its repertoire consists of heavyweights resembling Dangerous Bunny, Janet Jackson, Daddy Yankee, T.I., Sean Kingston, Anuel, and lots of extra.Music Enterprise Worldwide