Universal, Sony see global share slide
EMI and BMG saw the biggest increases in market share in the worldwide recorded music business last year — more than 2%.EMI’s global market share rose 2.2% to 13.4%, pushing it to second place among the major music distribs, according to figures released by international recording industry trade group the IFPI. BMG is up to 11.9% from 9.6% in 2002. Warner Music rose nine-tenths of a point to 12.7%. All figures are based on U.S. trade value in dollars and include all audio and video product. Universal, the world’s largest record company, slid to 23.5% from 25.4%. Sony dropped six-tenths of a point to 13.2%. BMG made its biggest strides in North America, where it leaped 4.1% to 15.5%; it saw a bump nearly as large in Australasia. EMI, too, experienced a bump in North America — 1.6% to 10.5% — but posted its biggest spike, 4.8%, in Asia (excluding Japan). IFPI calculates market share based on physical product sales data supplied by the record companies and checks those figures against secondary sources. Revenues are based on wholesale sales of finished music product; figures do not include downloaded music. Org tracks seven territories: North America, Europe, Asia, Japan, Latin America, Australasia (Australia and New Zealand) and Africa.
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