{"id":122308,"date":"2022-01-19T15:34:14","date_gmt":"2022-01-19T15:34:14","guid":{"rendered":"https:\/\/www.musicbusinessworldwide.com\/?p=122308"},"modified":"2024-05-15T12:39:40","modified_gmt":"2024-05-15T11:39:40","slug":"with-11bn-streams-to-date-and-annual-revenues-of-17m-global-records-is-one-of-the-cee-regions-biggest-hits1","status":"publish","type":"post","link":"https:\/\/www.musicbusinessworldwide.com\/with-11bn-streams-to-date-and-annual-revenues-of-17m-global-records-is-one-of-the-cee-regions-biggest-hits1\/","title":{"rendered":"With 11bn streams to date and annual revenues of $17m, Global Records is one of the CEE region\u2019s biggest hits\u2026"},"content":{"rendered":"

Romania’s Global Records is an independent heavyweight.<\/b><\/p>\n

Founded in 2008 by \u0218tefan Lucian, the Bucharest-headquartered music company reports to have generated 11 billion streams to date, and boasts a catalog of over 1,000 recordings and more than 1,100 songs.<\/span><\/p>\n

Global has good reason for claiming to be Eastern Europe\u2019s biggest independent record label, with around 40 artists on its roster, and over 45 writer-producers signed via its publishing division.<\/span><\/p>\n

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The label, which has paid out more than \u20ac30 million (approx $34m) in royalties over the past six years, cites a number of success stories from 2021, including Romanian superstar Minelli, whose single <\/span>Rampampam<\/span><\/i> peaked at No.6 on the Global Shazam charts last year.<\/span>\u00a0<\/span><\/i><\/p>\n

The track was also a hit across various markets in Central and Eastern Europe (CEE) and the CIS (Commonwealth of Independent States).<\/span><\/p>\n

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Rampampam<\/span><\/i> topped Russia’s airplay<\/a> chart for eight weeks, and hit No.1 in Lithuania, Romania and Bulgaria, where Global says its tracks had the biggest independent label radio market share at the end of 2021. <\/span><\/p>\n

The label also charted in the market in 2021 with artists like INNA, Olivia Addams, Irina Rimes, Antonia, wrs, Sickotoy and Roxen.<\/span><\/p>\n

Meanwhile, INNA’s track <\/span>Flashbacks<\/span><\/i> reached No.55 in the Global Shazam chart in 2021, and also charted on Russia and Romania\u2019s airplay charts.<\/span><\/p>\n

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