10 years ago, Warner Music’s Top 5 superstars generated 15% of its revenue. Today, that number is down to just 5%.

The Top 5 biggest-selling artists at one of the major record companies, as a subset, has seen their cumulative share of generated revenue at that major record company slashed by two-thirds over the past 10 years. In any given year, an ever-greater share of total streams is drifting away from the Top 10 biggest hits, and towards a much wider array of ‘middle class’ artists with significant, but not necessarily chart-bursting, fanbases.

Source: 10 years ago, Warner Music’s Top 5 superstars generated 15% of its revenue. Today, that number is down to just 5%.

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