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Indie Labels Raked in $6 Billion Last Year, Accounting for 38 Percent of Global Market: New Study

October 24, 2017

 

Independent labels generated over $6 billion in sales in 2016, accounting for 38 percent of the global recorded music market, according to a new report from Worldwide Independent Network (WIN).

 

A key distinction of the study -- which was compiled by Mark Mulligan of MIDiA Research using data from 660 respondents, including labels and distributors across 26 countries -- is that its findings are based on rights ownership, not distribution as per IFPI's annual "Global Music Report."

 

WIN, an umbrella organization for various independent label bodies around the world, calls the report "the most comprehensive assessment of the global independent record label sector ever compiled."

 

 

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