Halfway via 2024, it’s as soon as once more Taylor Swift’s world, and we’re all simply residing in it. At the halfway level of the 12 months, her Tortured Poets Department album is the most important launch of 2024 to this point by an enormous margin, having spent 9 of the 13 weeks of the second quarter atop the Billboard 200. That helped her label, Republic Records, greatest your entire Warner Music Group in present market share for the 12 months via June 27, contributing to Republic’s 15.72% mark — by far the perfect amongst particular person labels.

However, Swift is much from the one issue. Republic’s market share additionally contains Mercury Records, Big Loud Records and Island Records (in addition to indie distributor Imperial and Cash Money), and every of these labels can also be on fireplace within the first half: Mercury’s Post Malone has collaborated with Swift, Beyoncé, Blake Shelton and Big Loud’s Morgan Wallen on large singles (the latter of which, “I Had Some Help,” spent six weeks at No. 1 on the Hot 100), whereas Island’s Sabrina Carpenter has dominated the singles charts of late and the identical label’s Chappell Roan has emerged as one of many artist tales of the 12 months. Each of the three labels, if damaged out on their very own, would have made the highest 15 of the midyear present market share chart, whereas Island specifically logged a midyear mark (1.29%) that was greater than double its share on the similar level final 12 months, and represents its highest midpoint stake since 2018.

That surge from Republic, which is up greater than 3% from the 12.42% present share it posted halfway via 2023, helped increase the Universal Music Group’s industry-leading present market share as much as 36.37% on the midway mark, up from the 34.48% it had the identical interval final 12 months. In flip, Sony Music Entertainment’s present share got here in at 26.07%, down from 27.54% midway via 2023; whereas the Warner Music Group’s 15.68% dipped from the 17.26% it loved halfway via final 12 months. The indie sector, by distribution possession, grew greater than a proportion level to 21.88%, up from 20.72%. By label possession, the indie neighborhood remained the most important sector of the enterprise, with a 39.12% present share and a 37.35% total share, each of that are barely down 12 months over 12 months however comparatively static.

Among particular person labels, past Republic, Interscope Geffen A&M (whose market share additionally contains Verve Label Group) additionally had a powerful quarter. The label got here in at 9.51% in present share, additionally up a big margin from the 8.08% it posted midway via 2023, with Billie Eilish’s Hit Me Hard And Soft main the best way. Taking under consideration the realignment of UMG’s label construction beneath the Interscope Capitol Labels Group on the West Coast, inside which Capitol now reviews as much as ICLG chief John Janick, and Republic Recording Company on the East Coast, which incorporates Def Jam among the many further labels that report in to Monte Lipman, ICLG’s present market share would are available in at 13.54% midway via the 12 months, with Republic Recording Company at 16.36%.

Outside these two labels, Warner Records — which incorporates Warner Latin, catalog label Rhino and a few share from Warner Nashville — has continued its sizzling streak from the primary quarter, as singles by Benson Boone (“Beautiful Things”), Teddy Swims (“Lose Control”) and Zach Bryan (final 12 months’s “I Remember Everything” with Kacey Musgraves) stay among the many greatest songs of 2024. Notably, Warner’s 6.30% present share — which retains it in third place amongst labels — comes even earlier than the affect of Bryan’s newest album, The Great American Bar Scene, provided that it was launched after the half-year monitoring interval. That’s simply Warner’s greatest midyear mark in years and an enchancment over 2023’s 5.62%, when it ranked fifth.

Coming in fourth is Atlantic, at a 5.24% present share, which is each down considerably from the 7.34% it posted midway via 2023 and up barely from the 5.14% present share it had within the first quarter, as Jack Harlow’s former No. 1 “Lovin On Me” stays among the many prime songs of the 12 months. (Atlantic’s share contains the 300 Elektra Music Group.) Fifth place, with a 4.59% present share, belongs to RCA Records, representing a dip in share from final 12 months’s 4.98% midyear mark however an increase in place, because it got here in seventh at this level final 12 months. 

In sixth, Columbia’s present share has improved, as much as 4.35% from 3.71% in Q1, as Beyoncé’s Cowboy Carter and Hozier’s No. 1 single “Too Sweet” components in, although it’s nonetheless down from the 5.16% it held halfway via final 12 months. (Columbia’s share contains some labels from indie distributor RED.) Capitol Music Group, in the meantime — which incorporates Virgin Music, Motown/Quality Control, Capitol Christian, Blue Note and Astralwerks in its share — has dropped into seventh place with a 4.03% present share, down from its 6.00% 2023 mark and the 4.71% it posted within the first quarter of 2024.

A trio of Sony labels spherical out the highest 10, although in a unique order than they did in the identical interval of 2023. In eighth, Epic Records has capitalized on a slew of huge hip-hop albums within the first half of the 12 months from 21 Savage, Future and Metro Boomin to spice up its present share to 2.78%, up considerably from the 1.82% share it held final 12 months when it sat in tenth. Also pushing larger is Sony Latin, which got here in ninth at 2.17%, up from 1.99% final 12 months. It is available in forward of Sony Nashville, which dropped from a 2.55% share midway via 2023 to a 1.96% share on the midpoint of 2024.

Another large climber on the 12 months’s halfway level is Alamo, which is as much as 1.78% to this point this 12 months, good for eleventh and a bounce from the 0.96% present share it held this time final 12 months. (Alamo additionally final 12 months launched indie distributor Santa Anna, which inked a take care of Drake’s OVO Sound label in January.) Universal’s Nashville (1.35%) and Latin (1.12%) observe in twelfth and thirteenth, respectively, whereas BMG (0.93%) and Concord (0.75%) — the latter of which scored an enormous hit with the Pulse Music-released “Million Dollar Baby” by Tommy Richman — spherical out the highest 15 amongst present market share.

In total market share — which mixes present releases (throughout the previous 18 months) with catalog — UMG elevated its lead on the prime, to 38.52% over final 12 months’s 37.98%, whereas Sony (27.21%) and WMG (18.22%) each dipped barely, and the indie neighborhood by distribution possession inched upward, to 16.05% from final 12 months’s 15.93%.

Among the person labels, the race is far tighter on the prime in total share, with Republic’s 10.61% beating out Interscope’s 9.88%, although each noticed their share enhance 12 months over 12 months. (The rating for the UMG umbrella teams by way of total share: ICLG at 15.78% and Republic Recording Company at 12.45%.) Below them, Atlantic jumps to 3rd with a 7.61% mark, leapfrogging Warner Records’ 6.74%, whereas the deep catalogs of Capitol (in fifth) and Columbia (in sixth) allowed their shares rise to a digital tie at 5.90%, with Capitol edging out Columbia by 5 ten-thousandths of some extent. RCA (5.05%), Epic (2.75%), Sony Nashville (2.02%) and UMG Nashville (1.86%) spherical out the highest 10.

By catalog share, each UMG (39.25%) and Sony (27.60%) grew 12 months over 12 months, whereas Warner (19.07%) and the indies (14.08% by distribution possession) each dipped barely. Among the person labels, Interscope takes the highest slot, coming in at 10.00% even, forward of Republic’s 8.88%, with each up barely over their prior-year marks. Republic barely rises above Atlantic, which drops to No. 3 with an 8.41% share, whereas Warner Records (6.88%), Capitol Music Group (6.53%) and Columbia Records (6.42%) are intently bunched collectively behind, with Warner leaping previous Capitol 12 months over 12 months. RCA is available in a stable seventh with a 5.21% share, whereas Epic (2.75%), Def Jam Recordings (2.25%) and Sony Nashville (2.04%) full the highest 10.