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In 2018, the three majors combined averaged $19m a day from streaming / MBW

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Across the whole of 2018, the three major recorded companies combined generated an average of $19m each day – or just under $800,000 per hour – from streaming services. That's according to new MBW research, which places our microscope on the money generated by Universal, Sony and Warner's labels in the last calendar year.

The ‘Big Three' turned over $6.93bn from streaming services in wholesale revenue last year, according to respective recent investor filings from UMG parent Vivendi, Sony Music parent Sony Corp and Warner Music Group, all analysed by MBW.

That was up by just over $1.6bn on the $5.3bn the trio generated from streaming services in 2017.

Overall, across all formats (and other commercial activities), the recorded music divisions of Universal Music Group, Sony's music division and Warner Music Group turned over $13.14bn last year, which itself was up $1.04bn on the prior year.

Which of the Big Three had the most stellar year? In a word, Universal.

READ THE FULL MBW ARTICLE