Universal Music Group breaks down its recorded music revenue by territory in its annual report.
Using this data, MBW has been able to estimate UMG’s market share in each of these global regions in 2023.
To achieve this, we have juxtaposed UMG’s revenue data with IFPI data – again, broken down by region – regarding total recorded music industry wholesale revenue in the same year.
We have converted UMG’s reported figures (in EUR) to USD at the same annual rate used by IFPI in the relevant Global Music Report.
