The first signs appeared in the reports released by music-industry analysts.
At first, the figures were treated as another set of routine market updates. Analysts examined recorded-music revenue, streaming performance, catalogue strength, commercial reach, and the results achieved by the artists under different companies. Their reports compared the largest labels across several markets, taking into account both the size of their businesses and the performance of the music they released.
However, as more figures became available, the same name began appearing near the top of the comparisons.
JD Records.
