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Record Label Market Share Year-End 2023: Republic Sets High Water Mark; RCA, Warner Finish Strong
Massive releases from Taylor Swift and Morgan Wallen propelled Republic to a huge current market share ahead of Interscope, while Warner and RCA saw impressive gains.
Republic’s high-water mark stems from a combination of both enduring releases dating back to the end of 2022 and massive albums from two of the biggest stars on the planet this year: Taylor Swift and Morgan Wallen. And Republic’s fourth quarter was even more dominant: In the final three months of the year, the label’s current market share ballooned to 16.79%, buoyed by new albums from Drake, Nicki Minaj and Stray Kids. The label — which remains in fifth place despite the jump in share and encompasses Motown/Quality Control, Blue Note, Astralwerks, Capitol Christian and indie distributor Virgin Music — enjoyed the breakout success of Ice Spice(signed in conjunction with 10K Projects) in the past year as well as a top 10 Hot 100 single from Toosii.
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