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# Indie label U.S. market share grew an impressive 27.8% last year
- URL: https://www.hypebot.com/indie-label-u-s-market-share-grew-an-impressive-27-8-last-year/
- Published: 2023-01-12T15:24:05.000Z
- Updated: 2023-01-12T15:24:10.000Z
- Description: Industry headlines focused this week on the narrowing gap between #1 UMG and #2 Sony, but the big news in the year-end data from Luminate was the strength of independent. Continue reading [https://www.hypebot.com/hypebot/2023/01/indie-label-u-s-market-share-grew-an-impressive-27-8-last-year.html]
- Author: Bruce Houghton
- Tags: Indie Music, Major Labels, Music Marketing, independent music, Independent record label, music, Music Business, music industry, musician, musicians, #wp, #wp-post, #Import 2026-01-21 09:44

Industry headlines focused this week on the narrowing gap between #1 UMG and #2 Sony, but the big news in the year-end data from Luminate was the strength of independent labels, whose U.S. market share grew an impressive 27.81% from 16.54% to 21.14% in 2022.

![Upward trending colorful arrows representing music industry growth and digital marketing success for music brands and artists.](https://storage.ghost.io/c/3a/95/3a957c06-c825-4057-9939-0a274cc16d23/content/images/www-hypebot-com/wp-content/uploads/2020/01/arrows-up-e1632229401141.jpg)

Most of the indie music sector’s growth came at the statistical expense of the top major label group UMG whose market share fell from 37.54% in 2021 to 22.57% in 2022.

#2 Sony’s market share grew slightly from 26.87% to 26,94% last year, and WMG’s #3 market share shaved a percentage point from 19.05% to 18.03%.

Unsurprisingly, indies captured a smaller catalog market share than the majors, but still notched an increase compared to 2021, ending the year at 14.93%. UMG ended 2022 with a 33.04% market share, Sony with 26.83%, and WMG with 19.31%.

Both current and catalog music market share growth came from dozens of independent labels, with BMG and Concord leading the charge.

**Bruce Houghton* is the Founder and Editor of [Hypebot](https://www.hypebot.com/) and [MusicThinkTank](http://www.musicthinktank.com/?ref=hypebot.com), a Senior Advisor at [Bandsintown](https://www.bandsintown.com/?ref=hypebot.com), President of the[ Skyline Artists Agency](https://skylineonline.com/?ref=hypebot.com), and a professor for the [Berklee College Of Music](https://online.berklee.edu/courses/touring-101?ref=hypebot.com).*