Sony Music Posts 21% Q2 ’22 Revenue Hike As Streaming Thrives

Sony Music Posts 10% Revenue Increase as Streaming Jumps By 32%

Amid continued streaming growth as well as a rebound for physical sales, Sony Group generated about $2.31 billion from its music operations during 2022’s second quarter – marking a 20.87 percent year-over-year increase and a […]

Amazon Prime Subscribers Remain Flat In 2022 Following Price Hike

Amazon Prime Subscribers Remain Flat In 2022 Following Price Hike

Photo Credit: Marques Thomas After increasing the price of Prime, Amazon has reportedly seen the service’s U.S. member total remain flat – raising interesting questions about music streaming platforms’ ability to hike their own monthly […]

Streaming Services Face Potential Rate Hike Ahead of CRB Decision

DMCA

Washington, D.C.’s James Madison Memorial Building, which houses the U.S. Copyright Office. The Copyright Royalty Board (CRB) could be preparing to issue a major royalty-rate hike for streaming services, which are reportedly looking to delay […]

NetEase Cloud Music Posts 39% Q1 Revenue Hike, 51% Subscriber Boost

NetEase shelves Chinese IPO

Photo Credit: NetEase The parent of NetEase Cloud Music posted a nearly 39 percent year-over-year (YoY) revenue improvement during 2022’s first quarter, generating a total of CNY 2.07 billion (currently $310.69 million), according to higher-ups. […]

Endeavor Posts $400 Million+ Q1 2022 Revenue Hike As Concerts Return

Endeavor Posts $400 Million+ Q1 2022 Revenue Hike As Concerts Return

Endeavor (NYSE: EDR) has posted a more than $400 million year-over-year (YoY) revenue improvement due in part to “the resumption of concert touring” and demand for other crowd-based entertainment. Beverly Hills-headquartered Endeavor just recently shed […]

Universal Music Group Reports 17% Revenue Hike As Streaming Thrives

As UMG Sale Talks Slow, Liberty Media, Apple, KKR, and Tencent Emerge as Frontrunners

Shared from www.digitalmusicnews.com. Continued streaming and publishing growth helped Universal Music Group (UMG) turn in a 17.05 percent quarter-over-quarter revenue improvement during Q4 2021 and a nearly identical YoY revenue hike for all of 2021. […]