Market share of majors on Spotify fell again in 2022
The four major recorded music companies – Universal Music, Sony Music, Warner Music, and indie collective Merlin – have cumulatively lost 12% of market share on Spotify over the past five years, MBW reports. In 2017 they accounted for 87% tracks played on Spotify, and last year 75% of plays of music tracks on the platform were distributed by the ‘big three’ majors or a Merlin member. The rest of the 25% was distributed by companies that were unaffiliated with the majors or Merlin. In related news, TikTok has launched its independent distribution platform SoundOn in Australia - it lets artists upload their music directly to TikTok and RESSO and can also distribute artists’ music to platforms like Spotify, Apple Music and Instagram. SoundOn was already Live in the UK, US, Brazil, and Indonesia, after launching in March last year, the MBW reports.