Data from Music & Copyright's annual survey of the recorded music and music publishing industries has noted that Universal Music Group remained the largest record company in the world in 2011 while Universal Music Publishing Group bagged the biggest share of publishing.

However, both UMG and UMPG saw their market share decline in 2011 compared to 2010, along with EMI and Sony Music Entertainment. Warner was the only major name to gain market share, while independent labels and publishers increased ...