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This year has been defined by consistency at the top of the charts, and one record label has led in current market share in each of the first three quarters: Republic Records, which has 12.28% of the market through Sept. 28, according to Luminate. That’s a negligible drop from last quarter’s 12.46% and more than four percentage points higher than the 8.77% share the label had for the same period last year.
Republic’s market share — much like the year overall — has been headlined by the massive Morgan Wallen album One Thing at a Time, which has racked up more than 4.5 million equivalent album units since its March debut, and Taylor Swift’s prolific release schedule, which not only includes her latest collection of new tracks, Midnights, but also the release of Speak Now (Taylor’s Version). Both are among the top 10 albums of the year so far. (Republic’s share also includes Island, Big Loud, Mercury, Cash Money and indie distributor Imperial.)
Wallen’s dominance is such that his label, Big Loud, would rank eighth among all labels on its own, with a 2.69% current market share if it were broken out from Republic, with both One Thing at a Time and his last release, Dangerous: The Double Album, both counting toward current share. (Current is defined as albums released within the past 18 months or that have remained in the top half of the Billboard 200.)
Coming in at a comfortable second place, with big third-quarter releases from Olivia Rodrigo and NewJeans, was Interscope Geffen A&M, which hit a high mark for the year so far with an 8.55% current share, a half-point increase over its midyear mark. That’s down from the 9.23% current share IGA posted at the third-quarter mark of 2022, but is a strong showing in a year in which Republic has vacuumed up so much market share. (IGA’s share also includes Verve Label Group.)
In third place, Atlantic — which encompasses 300 Elektra Entertainment — has also moved to a high mark for the year, with a 7.39% share, up from 7.34% at midyear. The music group’s performance was boosted by releases by Gunna, Lil Uzi Vert and, most significantly, the Barbie soundtrack, which is among the top five albums of the third quarter with over 650,000 equivalent album units.
However, factoring in back catalog to look at overall market share shakes up the top two. Interscope takes the top spot with 9.57%, besting Republic’s 9.49% by a shade over 500,000 units through the first three quarters, with Atlantic in third at 8.31%. That’s due to the deeper catalog of IGA and Atlantic: They are Nos. 1 and 2 in catalog-only share, with 9.91% and 8.62%, respectively. Republic finished third at 8.54%. Coming into the final quarter of the year, that’s a race to watch.
Capitol, which includes Motown/Quality Control, Blue Note, Astralwerks, Capitol Christian and indie distributor Virgin Music, remained steady in fourth place at 6.01% (from 6.0% at midyear) through three quarters. (Although HYBE acquired Quality Control earlier this year, Universal Music Group [UMG] continued to distribute the label.)
In fifth, Warner Records has made large gains throughout the year, largely due to the successes within Warner Nashville. (Its market share also includes catalog label Rhino, as well as Warner Music Latina.) Zach Bryan’s self-titled album has been a standout success in the quarter, while Bailey Zimmerman’s Religiously. The Album continues to perform well. Notably, both Capitol and Warner made big leaps in current market share year over year: Capitol jumped from sixth place to fourth, growing from 4.50% in 2022 to 6.01% in 2023; Warner grew from 4.77% in 2022 to 5.89% in 2023.
Slipping down the rankings year over year was Columbia, which dropped in current share from fourth through three quarters in 2022 (6.93%) to sixth in 2023 (4.93%). Columbia scored big this year with Miley Cyrus’ Endless Summer Vacation, though 2022’s slate with releases from Harry Styles, Beyoncé and Adele represents a tough act to follow. RCA, in seventh, remains on a hot streak led by the huge success of SZA’s SOS — still the No. 2 album of the year — with the label coming in at a 4.64% share, up from 4.47% this time last year.
Epic has roared back after a relatively quiet 2023 on the strength of Travis Scott’s mammoth Utopia, which boosted the label from 1.82% in current share at midyear to 2.39% at the three-quarters mark — its highest quarterly showing for the year. Sony Nashville (eighth, 2.50%) and Sony Latin (10th, 1.96%) round out the top 10, with each growing more than half a percentage point year over year.
Among the label groups, both UMG (up from 32.54% to 34.61%) and Sony Music Entertainment (up from 27.09% to 27.50%) made big year-over-year strides, while Warner Music Group (down from 18.64% to 17.46%) and, collectively, independent labels (down from 21.73% to 20.43%) lost share compared with the same period in 2022.
Republic Records jumped out to a huge lead early on in the market share rankings this year among current releases (those released within the past 18 months), and maintained a 12.46% current share across the first half of the year — more than four points higher than the next-closest label, Interscope Geffen A&M (8.08%). But […]
In 2023 so far, what’s happened in the last three months of the year largely mirrors the first when it comes to U.S. record label market share: the top two albums of the year — Morgan Wallen’s One Thing At a Time (Big Loud/Mercury/Republic) and SZA’s S.O.S. (TDE/RCA) — are still dominating the top two slots among consumption albums through June 29, according to Luminate. But while that may come as little surprise to industry chart-watchers, the rest of the top five points to a relatively surprising level of domination by one record label in particular: Republic Records.
In the first quarter of the year, Republic — which encompasses Island, Big Loud, Mercury, Cash Money and indie distributor Imperial — put up a current market share (defined as albums released within the past 18 months) of 12.45%, nearly five percentage points higher than second-placed Interscope Geffen A&M’s 7.75% (Interscope also encompasses Verve Label Group). At the end of the first half of the year, Republic’s current share stands at 12.46% — a remarkable level of consistency that shows the staying power of Republic’s current big releases, even as IGA has tightened the gap a bit, posting an 8.08% mark of its own to remain in second place.
Republic’s 12.46% current share at the midway point is also a significant leap from where it stood at the halfway mark in 2022, when it posted a current share of 8.92%, good for third place behind leaders Atlantic Records (9.92%) and second-placed Interscope (9.36%). Republic releases — chiefly Wallen’s album, but also Taylor Swift’s Midnights (one week) and Stray Kids’ 5 Star (one week) — spent all 13 weeks of the second quarter at No. 1 on the Billboard 200, part of a run of 17 straight weeks that only ended with Lil Uzi Vert’s new album Pink Tape.
Both Republic’s consistency and Interscope’s growth helped propel parent company Universal Music Group to a 34.48% current market share at the midyear mark, an improvement over both its first quarter current share (33.59%) and its current share at the midyear mark of 2022 (33.18%). Sony Music, in second place at 27.54%, dipped slightly from its huge Q1 current share of 28.46%, though it is still up significantly from the midyear mark in 2022, when it posted a 26.01% current share. And the Warner Music Group, in third among the major corporations, grew to 17.26% at the halfway mark of the year in current share, up from Q1’s 16.81% and 2022’s 15.33%. The collection of indie labels came in at 20.72% in current share at midyear, down from 21.15% in Q1.
Atlantic, in third among current share, grew to 7.34% at the midyear mark from 7.22% in Q1, though still down from the leading 9.92% it had midway through 2022. (Atlantic includes the combined 300 Elektra Entertainment Group.) But Capitol Music Group — which includes Motown/Quality Control, Blue Note, Astralwerks, Capitol Christian and indie distributor Virgin Music — surged from sixth place in Q1 2023 (5.56%) to fourth at the midyear market (6.00%), up significantly from the 4.31% it posted at the midway mark of 2022. Fifth-placed Warner Records (encompassing catalog label Rhino, Warner Latin and the bulk of Warner Nashville) also jumped two slots, from seventh in Q1 to fifth at midyear, to put up a 5.62% current share, up from 5.23% in Q1 and a 4.63% mark halfway through 2022.
Those two jumps from Capitol and Warner mean that Columbia (which includes some labels from indie distributor RED) and RCA Records slide down to sixth and seventh among current share, respectively. Columbia dipped from 5.85% in Q1 to 5.16% at the midyear mark in 2023 — though down significantly from the 6.65% it had at midyear 2022 — while RCA dropped from 5.76% in Q1 to 4.98% at the halfway point this year, a mark which is improved from the 4.31% it posted midway through 2022.
Rounding out the top 10 among current share is a trio of Sony labels, including two that made large strides: Sony Nashville, in eighth, at 2.55%, which grew from 2.30% in the first quarter and 1.72% midway through 2022; and Sony Latin in ninth, at 1.95%, up from 1.92% in Q1 and 1.22% halfway through 2022. Epic Records, at 1.82%, came in 10th in current share, dropping from 2.06% in Q1 and 2.24% at this time last year.
But current market share — while a strong indicator of recent performance for any label — does not tell the whole story, particularly at a time when Luminate reports that catalog (albums older than 18 months old, or the bulk of many major labels’ repertoire) share has increased again in 2023 so far, to 72.8% of all consumption from 72.4% in 2022, with a corresponding drop for current from 27.6% to 27.2%. And when taking into account all consumption, Interscope actually leads the U.S. industry in overall market share, posting a 9.48% mark at the midway point of 2023, up from 9.44% in Q1 and slightly down from its leading 9.80% mark halfway through 2022. That nudges Republic into second, ever so slightly, at 9.34% in overall share, a number that is also up from its Q1 mark (9.16%) and a significant increase from midyear 2022, when it posted a 7.96% share and came in third.
Outside those top two labels, the next handful of slots in the top 10 remain in the same order as their current share rankings, with Atlantic (8.31%) equalling its Q1 mark despite falling from the 9.30% it had in 2022; and Capitol also remaining static over Q1, posting a 6.70% (from 6.68% in Q1 and 6.06% in 2022). Warner (6.55%), in fifth, swapped positions with Columbia (6.23%) from their respective Q1 showings, while RCA (5.27%), in seventh, dropped from its 5.50% in Q1 but improved on its 4.92% mark from midway last year. Epic (2.54%), Sony Nashville (2.13%) and Def Jam (1.88%) rounded out the top 10 in overall market share.
Among the major label groups, UMG grew from 37.25% in overall share at the midpoint of last year to 37.98% this year, while Sony grew a full percentage point, jumping to 27.34% from last year’s mark of 26.34%. Warner Music Group, meanwhile, jumped significantly from 16.26% midway through 2022 to 18.75% halfway through this year, largely at the expense of the Indies, which fell from 20.15% to 15.93% in overall share this year.
For the last 16 weeks, one label has topped the Billboard 200 – Republic Records. That marks the longest streak for any label at No. 1 since 1998, when the Titanic soundtrack kept the Sony Classical label afloat at No. 1, also for 16 weeks.
Republic has led the chart since the March 18-dated tally, when Morgan Wallen’s One Thing at a Time (released via Big Loud/Mercury/Republic) debuted at No. 1. That album spent 12 weeks in a row at No. 1, and then stepped aside on the June 10 and 17 charts when Taylor Swift’s Midnights (on Republic) returned to the top and Stray Kids’ 5-STAR (JYP/Imperial/Republic) debuted at No. 1, respectively. One Thing at a Time then returned to No. 1 for the last two weeks (June 24 and July 1 charts).
Sony Classical was the last label to rule the Billboard 200 for 16 straight weeks – and it did so with just one album: the Titanic soundtrack. From the Jan. 24 through May 9, 1998-dated charts, the Titanic album sailed at No. 1 (the entirety of its run in the top spot).
Republic could capture a 17th straight week at No. 1 on the Billboard 200 (on the July 8 chart, the top 10 of which is slated to be announced Sunday, July 2). The last label to hold the No. 1 spot for 17 weeks was Mercury, in 1992, when Billy Ray Cyrus’ Some Gave All logged 17 consecutive frames at No. 1 (June 13-Oct. 3, 1992, the entirety of its weeks at No. 1).
Mercury Records was founded in 1945 and continued to operate as a label until the late 1990s. It was reactivated in 2007 but went dormant again in the mid-2010s. Most recently, in 2022, it was relaunched as an imprint of Republic Records. As for Republic, the company debuted as a label in 1995, co-founded by brothers Avery and Monte Lipman. Today, they are Republic’s chief operating officer and chief executive officer, respectively.
If Republic can manage a 17th and then an 18th week in a row at No. 1 on the Billboard 200 (on the July 15 chart), it would mark the longest reign for a label since Capitol claimed the top slot for 18 straight frames with M.C. Hammer’s Please Hammer Don’t Hurt ‘Em in 1990 (on the July 7-Nov. 3, 1990-dated lists). Please Hammer spent a total of 21 nonconsecutive weeks at No. 1.
One Thing at a Time recently made news as the album with the most total weeks at No. 1 on the Billboard 200 (14) since Adele’s 21 (released via XL/Columbia Records) collected 24 nonconsecutive weeks at No. 1 in 2011-12. That 24 weeks in the lead for 21 were pieced together through 10 different stays atop the list, none of which were long enough to give XL or Columbia 16 weeks in a row atop the list.
Anitta has parted ways with her longtime manager Brandon Silverstein, according to a source familiar with the situation. The split was first reported by Variety. The change comes on the heels of Anitta’s April 4 departure from Warner Music Group after having long voiced irritation with the label on social media, including a tweet thread […]
Three years after initially teaming up, JYP Entertainment, Imperial and Republic Records are going all in on their strategic global partnership, with the three companies now set to collaborate across the entire JYP Entertainment roster, Billboard can reveal.
According to a press statement, the enhanced label partnership will include worldwide distribution of artists and catalogs, A&R, marketing and business development.
While the Republic/Imperial push already powers JYP groups TWICE, Stray Kids and ITZY, the expanded deal includes newer acts like girl group to watch NMIXX and rock band Xdinary Heroes. JYP Entertainment currently houses nearly a dozen acts, with many members of its groups also active as soloists under the label.
Billboard first broke the news in early 2020 of JYPE and Republic linking to grow TWICE’s presence in the United States. Since then, the K-pop girl group has not only seen massive growth, most recently earning their highest chart position and biggest sales week ever in the United States when Ready to Be debuted at No. 2 on the Billboard 200. Last year’s expansion, which brought boy band Stray Kids and female quintet ITZY into the fold, has resulted in two No. 1s on the Billboard 200 for the former and a top 10 album on the chart for the latter. And in July, TWICE member Nayeon became the first-ever K-pop soloist to enter the top 10 of the Billboard 200 with her debut solo album, IM NAYEON: The 1st Mini Album.
Prior to its Imperial/Republic partnership, JYP had a global digital and physical distribution deal with The Orchard that was struck in 2019.
“It has been a continuous journey of astonishing achievements through the strengthening of mutual trust as loyal partners,” said JYP Entertainment CEO Jimmy Jeong. “The expansion of this partnership between these leading music companies will sculpt the next vision of K-pop, opening up a new chapter together.”
Republic Records founder/CEO Monte Lipman added, “This partnership was born out of mutual respect and admiration. We recognize the incredible opportunity to be at the forefront of the next K-pop explosion. The potential is limitless.”
Next up for JYP, Republic and Imperial is the Friday (June 2) release of Stray Kids’ new full-length album, 5-Star, which could become the boy band’s third consecutive No. 1 on the Billboard 200. A teaser video of the group’s upcoming single, “S-Class,” has amassed about two million views on YouTube since its May 29 release.
Daniel Caesar holds himself to a predictable and impossible standard: “perfection,” he says.
It explains the title of his upcoming third album, NEVER ENOUGH (out April 7), which is the Toronto native’s first release since signing with Republic Records two years ago. It will also usher in a new, more alternative sonic chapter for the 27-year-old singer-songwriter. “If I was a punk artist, then I would want to be something else,” he says. “It’s really just not wanting to be boxed into anything.”
Caesar veered close to perfection in the early days of his rise, entering the industry with his 2017 debut, Freudian, which positioned him as R&B’s burgeoning golden child from north of the border. Freudian landed two singles on the Billboard Hot 100: “Get You,” featuring Kali Uchis and “Best Part,” alongside H.E.R. The latter — one of three Adult R&B Airplay chart-toppers for Caesar — earned him a Grammy Award for best R&B performance (“I crossed that off much sooner in my life than I ever thought I would,” he says of the win).
By year’s end, he landed two songs on former President Barack Obama’s favorite tracks of the year list. Perhaps most impressively, Caesar did it all as an independent artist working alongside a tight-knit team of fellow Canadian creatives and close friends. Together, they founded Golden Child Recordings after attending a handful of label meetings and realizing they already had all the resources to succeed. “The music was making some money, so we just kept reinvesting in ourselves,” says Caesar. “I’d never made any sort of music without them. It was everything I knew.”
Daniel Caesar photographed March 16, 2023 in New York.
Lea Winkler
But Freudian’s follow-up, 2019’s Case Study 01, struggled to replicate its predecessor’s success after Caesar shared controversial opinions on race relations on Twitter and Instagram Live. During one particular livestream, where he said he was drunk, Caesar questioned why the Black community was being “mean” to white people, saying, “That’s not equality.”
The subsequent backlash took him by surprise, and Caesar says he underestimated the reach and impact of his opinions. “I understand why it happened. I understood it then as well. I’m just so combative, and I didn’t think that I was wrong,” he admits today. “I was trying to move through the world [according to] how I think it should be and not how it is.”
It’s his comfort with vulnerability that makes Caesar’s introspective take on music feel like a deep sigh of relief, each sonic exhalation breathing new life into the R&B space. It is also what made his fall from grace an even harder pill for fans to swallow.
“I try to keep my privacy and not to speak too much to the public [out of] fear of being misunderstood,” he explains today. “My best mode of communication is music.”
Daniel Caesar photographed March 16, 2023 in New York.
Lea Winkler
Despite the overshadowing controversy, Case Study further cemented Caesar’s avant-garde take on R&B and proved a cohesive, replay-worthy body of work that boasted a No. 1 record on the Adult R&B Airplay chart, the Brandy-assisted “Love Again.”
Less than a year later, as the pandemic hit, Caesar took refuge at the “middle-of-nowhere” 36-acre farm he had bought his parents, located in a town two hours outside of Toronto. It was there that the Bajan-Jamaican artist began reconciling the last few years of his come-up — and contemplating how to advance his career.
Like many, Caesar maintained sanity by picking up quarantine hobbies, such as chess and studying Paulo Coelho’s The Alchemist. He also went back to work: In 2021, he scored a Hot 100 No. 1 for his feature on Justin Bieber’s smash “Peaches” (alongside Giveon), and last year, he featured on Omar Apollo’s “Invincible.”
At the same time, he was focused on NEVER ENOUGH. Unlike the star-studded Case Study 01, Caesar returned to what he knows best: working both independently and with Toronto collaborators like badbadnotgood, Jordan Evans and Matthew Burnett and even his little brother, Zachary Simmonds, who co-wrote and co-produced “Valentina.”
The tracklist went through three iterations, with Caesar saying he initially felt anxious ahead of the album’s release. But he found reassurance in remembering why he makes music in the first place: “For me,” he declares, “it’s literally just to get these feelings off my chest. To make myself proud.”
Caesar’s demeanor is refreshingly self-aware. As he sits at a desk in his sunlight-soaked Manhattan loft, he weaves through the questions that kept him up at night and inspired the 15-track set. “If you dangle enough money in front of me, will I change my belief system? Can a woman make me change my world view? Or the proposition of sex? What do you fold on yourself for?” he asks rhetorically. “I’ve [folded] on myself and it’s hard. Those are the things that I beat myself up over.”
NEVER ENOUGH centers the introspective bars, soothing blend of woozy guitar and hypnotic harmonies fans have come to expect from Caesar, with hints of cross-genre influences. Phrases like “Do I titillate your mind?” do just that while suspended chords and R&B structure on tracks like “Always” and “Cool” resonate with purist listeners.
“When people ask me what kind of music I make, I always say R&B. Just to simplify things,” he says, adding that he senses a lack of innovation in the space. Luckily at Republic, Caesar has even more resources to continue expanding the genre space.
“I was finding it hard at Golden Child to be a record exec and an artist at the same time,” he says. “This was something I needed to do for myself for my development. I was like, ‘If I don’t do it, it’s because I’m scared.’ And I hate living in fear.”
Daniel Caesar photographed March 16, 2023 in New York.
Lea Winkler
Caesar met with eight or nine labels, saying he considered Columbia and Warner before signing with Republic. “Republic was actually the label where I said, ‘I would never go there,’ ” he recalls. “It’s just such a big label. They have all the biggest acts. I would be the least important person there.” But after meeting with label founder/CEO Monte Lipman and then-senior vice president of A&R Julian Swirsky, it became clear the label’s help would allow him to do exactly what he wanted: focus on his craft — and his fans. “I felt for a while, especially over [the pandemic], like I didn’t have a relationship with them, or it was severely fickle,” he says. “Like they love the songs, but they don’t care about me — which is completely reasonable. Why should they care about me?”
To reconnect, he met fans where they were: from the favelas of Brazil during Carnival (a country where he realized he has a large listenership) to his newly launched Discord channel (“It’s some Gen Z sh-t for real,” he jokes). He’ll celebrate the album’s release by kicking off his intimate North American and European underplay tour, One Night Only: An Evening With Daniel Caesar, which will begin April 7 in Los Angeles.
For Caesar, NEVER ENOUGH chronicles his path to becoming his own man while finding a balance between longtime trusted collaborators and welcoming well-established executives into the mix. “I always tell people, ‘I don’t believe in God. I believe in myself and the people around me that I love,’ ” he says. “I believe in our capabilities.”
A version of this story originally appeared in the April 1, 2023, issue of Billboard.
Republic Records: Kids & Family announced on Monday the signing of ARIA Hall of Fame inductee, singer, songwriter, actor and performer Sam Moran. His first single is to be released later this month.
“There is no other team that I would rather be working with than Republic Kids. The energy and creativity they are bringing to my debut project is exactly what I was looking for when venturing out on my own,” says Moran. “We have so many surprises in store that I know my fans are going to love so, get ready!”
Moran is an Australian-born performer best known for his work on the Wiggles television show, both as recurring characters and as Yellow Wiggle from 2006 to 2012.
“When launching Republic Kids I knew I had to sign Sam as an artist,” says Bree Bowles, vp of marketing and strategy. “He is the perfect complement to our mission of producing world-class music that can be enjoyed by both kids and their parents. Sam’s musical talents are beloved by so many and these new efforts will help to redefine the future of ‘kids’ music.”
Jonathan Shank from Terrapin Station Entertainment will manage Moran, telling Billboard: “We are so excited to be working alongside Sam and Republic for this release and know it’s the start of magical things to come.”
Moran said some of his material is meant to inspire kids who had a hard time emerging from the pandemic and that “there’s no better way to help them rediscover themselves than through music. I want to give them a voice that reflects how they see the world — with, of course, a bunch of fun along the way!”
Republic Records is having a stellar week on the Billboard 200 albums chart (dated Feb. 18), as the company lays claim to seven of the top 10 titles.
Since Luminate’s electronically monitored music data began powering the chart on May 25, 1991, no label has concurrently held seven of the top 10 on the Billboard 200. Republic previously shined with six of the top 10 on the Feb. 27, 2021-dated list.
In the top 10 of the Feb. 18 chart, Republic has Taylor Swift’s Midnights (No. 2), TOMORROW X TOGETHER’s The Name Chapter: Temptation (released via BigHit/Imperial/Republic, No. 3), Morgan Wallen’s Dangerous: The Double Album (Big Loud/Republic, No. 4), Metro Boomin’s Heroes & Villains (Boominati/Republic, No. 5), The Weeknd’s The Highlights (XO/Republic, No. 6), Drake and 21 Savage’s Her Loss (OVO Sound/Republic, No. 8) and Shania Twain’s Queen of Me (new on the chart at No. 10).
“This historic moment is the result of an exceptional roster of artists and storytellers who continue to make a tremendous impact and shape culture around the world,” says Republic Records founder and chief executive officer Monte Lipman. “This achievement is also a credit to the tenacity of our dedicated and fiercely competitive team of executives and partners.” Lipman heads Republic alongside his brother, founder and chief operating officer Avery Lipman.
The Billboard 200 chart ranks the most popular albums of the week in the U.S. based on multimetric consumption as measured in equivalent album units, compiled by Luminate. Units comprise album sales, track equivalent albums (TEA) and streaming equivalent albums (SEA). Each unit equals one album sale, or 10 individual tracks sold from an album, or 3,750 ad-supported or 1,250 paid/subscription on-demand official audio and video streams generated by songs from an album.
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