The major music companies are breaking big bank with their lion’s share of the music business. In 2021 the three major music companies made more than $4 billion dollars more than the year before according to a new research from Music Business Worldwide.

The report also showed that the three majors’ global music operations cumulatively generated $23.11 billion across the 12 months of calendar 2021.

$2.6 million every hour… $63.3 million is made every day… or $444.4 million is generated every week.

Universal Music Group, was the highest earner with more than $10 billion for the first time in history.

And Universal’s publishing division, Universal Music Publishing Group, saw annual revenues hit $1.58 billion, up $279 million YoY.

Sony’s global music operation across recorded music and publishing reported $7.49 billion in annual revenues in calendar 2021. Per MBW.

Sony’s global recorded music division (including merch) posted revenues of $5.77 billion in calendar 2021, up $1.16 billion year-on-year.

Sony streaming revenues, which grew by $979 million in 2021 to hit $3.94 billion.

During the year Sony acquired the UK’s AWAL (Artis Without A Label) and Brazil-based Som Livre after scoring a victory in regulatory approval.

Warner Music Group posted overall revenues– across music publishing and recorded music – of $5.58 billion in calendar 2021.

That’s a growth of $1.04 billion 2020 vs 2021.

Warner’s annual recorded music revenues (including merch) leaped up by $882 millionyear-on-year to hit $4.77 billion in 2021.

Music streaming revenues accounting for up to $900 million year-on-year, to reach $3.12 billion.

And Warner’s music publishing division, Warner Chappell Music, saw its annual revenues grow by $141 million to reach $815 million in calendar 2021.Music Business Worldwide. The full report may be read one Music Business Worldwide