The Empire Strikes Back: The majors and Merlin gained (a bit) of market share on Spotify last year.
It’s become a perennial trade music industry story: The combined global market share of the three major record companies and Merlin on Spotify is in decline. Well, no more. In 2025, according to Spotify, this long-running trend was actually reversed. By a sliver, anyway. Before we get into the numbers, some important clarification: This crucial…
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