Market share of record companies in 2011-2019, by label ownership
Data on the album plus track equivalent albums (TEA) market share of record companies in the United States showed that independent record labels held a market share of 35.13 of all U.S. sales in 2019 when it came to label ownership, more than double that of Warner Music Group. Over the years, UMG's share has grown as Sony's has fallen, and Warner Music Group's market share has increased by roughly 1.5 percent since 2011.