Midway by means of the yr, it’s nonetheless an Encanto world, nevertheless it wouldn’t be a summer season with out Bad Bunny, whose Un Verano Sin Tí (Rimas, distributed by The Orchard) is the largest album launched in 2022 up to now and No. 2 total, and helped lead the cost as Sony Music Leisure grew its market share on the midpoint of 2022 with the three greatest albums of the second quarter: Un Verano Sin Tí, Harry Styles’ Harry’s Home (Columbia) and Future’s I By no means Favored You (Epic).
These albums helped increase Sony’s market share to 26.34% midway by means of 2022, up 0.66% over the place it was at 2021’s midway level and up from the 25.76% mark it posted within the first quarter of this year, propelled by a 2.90% enhance in present market share (albums launched throughout the previous 18 months) over midyear 2021.
In comparison with the midway mark of final yr, Warner Music Group (up 0.08% to 16.26%) and the indie sector collectively (up 0.56%, to twenty.15%) additionally grew due to important good points in present market share, whereas Common Music Group is down 1.29% at midyear 2022 in comparison with midyear 2021, nearly solely attributable to a 5.81% decline in present market share, from 38.99% within the first half of 2021 to 33.18% within the first half of 2022.
However UMG stays the dominant pressure available in the market, with its 37.25% share nonetheless a full 10 share factors above Sony’s. It was the one label group to extend its share of the catalog music market (albums older than 18 months), gaining 0.3% to 38.66% over midyear 2021. And midway by means of 2022, UMG’s Interscope Geffen A&M is the highest label available in the market as soon as once more, carrying on its identical rating from the primary quarter as effectively.
In reality, the highest 4 frontline labels all stay in the identical positions, although the hole between them has narrowed. Interscope (which incorporates Verve) nonetheless leads the way in which on the mid-year mark, regardless of its market share dropping from a whopping 10.40% within the first half of 2021 (when it had a present market share of 11.80%) to 9.80% at midyear 2022, whereas Atlantic (which incorporates 300 Leisure and Elektra) stays at No. 2, leaping as much as 9.30% on the mid-year mark this yr from 9.24% at this level final yr. Republic (which encompasses Island, Mercury, Massive Loud, Imperial and Younger Cash and Money Cash) maintains its place at No. 3, regardless of falling from 8.29% at midyear 2021 to 7.93% at midyear in 2022 — a drop that may very well be attributable to 2021’s 10.47% midyear present market share, which dipped to eight.92% this yr — whereas Columbia (which incorporates some labels from indie distributor RED) rounds out the highest 4 once more, rising to six.97% from final yr’s 6.83% on the midway mark. Which means the hole between the primary and fourth labels on the midway mark shrunk from 3.57% in 2021 to 2.83% this yr.
Warner Data overtook Capitol Music Group for the No. 5 spot, regardless of every ceding market share: Warner (which incorporates catalog label Rhino, Warner Latin and the majority of Warner Nashville) dropped from 6.36% midway by means of 2021 to six.23% halfway by means of 2022; Capitol, which incorporates indie label distributor Virgin, in addition to Motown/High quality Management, Astralwerks and Blue Be aware, dropped from 6.83% final yr to six.06% this yr. The following three spots remained the identical: RCA in seventh, at 4.92%, up from 4.90% halfway by means of 2021; Epic in eighth, at 2.61%, up from 2.51% on the identical marker final yr; and Def Jam in ninth, at 2.19%, down barely from final yr’s 2.27%. Coming in tenth, Sony Nashville knocked Sony’s catalog division, Legacy, from the spot it held final yr, with a 2.03% market share, a slight bump from final yr’s 2.01%, when it ranked twelfth.
UMG Nashville retained its eleventh place spot from Q2 2022, regardless of dipping from 2.09% final yr to 1.82% this yr, whereas Disney’s Encanto-fueled sizzling begin to the yr — the soundtrack, launched in November 2021, continues to be the largest album of 2022 up to now, although Un Verano Sin Tí is gaining quick — places its music group at No. 12, down from the No. 8 spot in Q1 2022 however up from No. 14 at midyear 2021, rising in market share from final yr’s 1.44% to this yr’s 1.76%. Harmony (1.66%, up from 1.60%) and Common Music Latin (1.45%, up from 1.31%) landed at Nos. 13 and 14, whereas BMG leapfrogged Sony Music Latin into fifteenth place on the midyear mark, regardless of a marginal decline to 1.06% from final yr’s 1.08%.
When it comes to present market share, Atlantic surges into the highest spot, as much as 9.92% from 9.04% on the midpoint final yr, when it ranked third behind enormous numbers from Interscope (11.80%) and Republic (10.47%). That was buoyed by good points by labels below its umbrella — 300 and Elektra, lately mixed into 300 Elektra Leisure, each grew from final yr, the previous up from 1.58% to 1.69% this yr and the latter up from 0.71% to 0.81% this yr — in addition to its personal massive albums this yr from Jack Harlow and Kodak Black and the continued success of Ed Sheeran’s 2021 launch =.
Interscope (9.36%) and Republic (8.92%) shifted all the way down to second and third, respectively, whereas Columbia jumped from fifth to fourth, bettering from 5.84% on the midpoint of final yr to six.65% this yr, as Harry Types and continued momentum from Adele boosted the label. Warner Data improved from sixth to fifth place regardless of dipping from 4.74% to 4.63% this yr, whereas Capitol fell from fourth place halfway by means of final yr to sixth this yr, dropping from 5.93% all the way down to 4.31%, in a digital tie with RCA, which grew from 4.19% final yr to 4.31% this yr on the energy of a giant second quarter. Epic maintained its place at No. 8, with a lift from Future’s I By no means Favored You, regardless of dropping from 2.35% in 2021 to 2.24% this yr.
Disney, nonetheless buoyed by the Encanto soundtrack, got here in at No. 9 with 1.87% present share, an enormous soar from the identical time final yr, when its present share of 0.57% put it at No. 19. Sony Nashville additionally had a giant first half with new releases, as its present share jumped from 1.49% final yr to 1.72% this yr, boosting it from twelfth to tenth. Alamo — with a giant increase from Lil Durk’s album 7220, among the many prime 5 greatest albums launched in 2022 up to now — got here in at No. 11 with 1.69% present share, a drop from final yr’s 2.20% at mid-year, however important because it’s a standalone Sony frontline label in 2022, whereas on the midpoint of final yr it was nonetheless a Common label below the Interscope umbrella. Def Jam dropped from ninth final yr (2.27%) to twelfth this yr (1.46%), whereas BMG maintained its place at No. 13 and held regular with its market share at 1.30%. Common Nashville (1.23%) and Sony Music Latin (1.22%) rounded out the highest 15.
As with Q1, catalog market share primarily lined up with the rankings for total market share, with the highest 15 all the identical labels, and all ranked in the identical order besides Disney and Harmony, which flipped spots, Disney taking No. 12 and Harmony No. 13. In the meantime, nearly each one of many prime 15 labels noticed their Q2 market share develop over Q1 apart from Atlantic and Disney, two labels that burst out of the gate early this yr with massive albums from Gunna (by way of 300) and Encanto, respectively.