Getty Image / iStockphoto The Sphere in Las Vegas was so close to turning a profit during its first full quarter in operation. Although the world’s most viral entertainment venue lost money for the second-consecutive […]
Cultural phenomenon Taylor Swift helped fuel revenue at Universal Music Group in the third quarter, the world’s largest record label said Thursday. With the release of “Speak Now (Taylor’s Version),” Swift became the first woman […]
Alliance Entertainment posted an almost 30 percent revenue decline for Q1 2023 amid “macroeconomic headwinds.” Photo Credit: Sean Benesh Now a publicly traded company, Alliance Entertainment (OTC: AENT) has revealed that it generated $227.73 million […]
Despite facing heightened domestic competition, Tencent Music posted over $1 billion in revenue for Q1 2023, when the Shenzhen-headquartered company is said to have achieved more than 30% year-over-year (YoY) subscription-income growth across its streaming […]
Hybe stock jumped today after acts including NewJeans (pictured) contributed to a Q1 2023 album-revenue improvement. Photo Credit: SBS Radio Despite the split of K-pop sensation BTS, Hybe (KRX: 352820) generated a cool $306 million […]
Photo Credit: SiriusXM SiriusXM (NASDAQ: SIRI) suffered advertising and subscriber revenue declines during Q1 2023 but achieved $233 million in net income for the quarter, according to a new earnings report. The satellite-radio company and […]
A breakdown of Sony Music Entertainment streaming revenue by quarter. Photo Credit: Sony Group Corporation Sony Group Corp. generated ¥1.36 trillion ($10.02 billion at the present exchange rate) from its music division during the 2022 […]
Berlin, Germany. Photo Credit: Stefan Widua BMG turned in a 30.6 percent year-over-year (YoY) revenue increase – and dropped over $400 million on catalogs – during 2022, according to a new earnings report. The Berlin-headquartered […]
Photo Credit: Kobalt Music Kobalt Music achieved a 22 percent year-over-year (YoY) revenue increase during the 12 months ending on June 30th, 2022, generating north of $600 million, according to a new earnings analysis. New […]
Photo Credit: Laurence Oxenbury, PPL Director of International PPL pays out £17.4 million of international revenue to more than 26,000 performers and recording rightsholders in its Q1 distribution. In its Q1 distribution of international revenue, […]
Global recorded music industry revenue by year. Photo Credit: IFPI Following a nearly 19% year-over-year jump in global recorded music industry revenue during 2021, continued streaming growth drove a comparatively modest 9.2% increase during 2022, […]
Believe founder and CEO Denis Ladegaillerie. Photo Credit: Believe About five weeks after touting roughly €1.1 billion in annual “digital music sales,” Believe has revealed that it achieved nearly 32 percent year-over-year (YoY) revenue growth […]
U.S. recorded music revenue approached $16 billion during 2022 as streaming subscriptions generated more than $10 billion for the first time, according to a new report. Photo Credit: RIAA The value of the U.S. recorded […]
Photo Credit: ASCAP The American Society of Composers, Authors and Publishers (ASCAP) has reported a record high of $1.52 billion in collections for 2022, with over $1.38 billion having been made available for distribution to […]
Photo Credit: Tony Webster / CC by 3.0 Universal Music Group (UMG) generated north of €2.94 billion (currently $3.12 billion) during 2022’s final three months, when recorded music streaming revenue grew by nearly 19% year […]
Live Nation (NYSE: LYV) posted continued revenue growth (including a 66 percent year-over-year improvement in concerts income) during Q4 2022, but has nevertheless seen its stock price slip. The Beverly Hills-based promoter just recently unveiled […]
Photo Credit: HYBE Corporation Notwithstanding K-pop sensation BTS’ hiatus, Hybe achieved double-digit revenue growth – and suffered a more than $144 million net loss – during Q4 2022, according to a newly released earnings report. […]
A breakdown of Sony Music Entertainment’s quarterly streaming revenue for recorded music as well as publishing. Photo Credit: Sony Group Sony Music Entertainment achieved a double-digit year-over-year (YoY) revenue improvement during 2022’s final three months […]
London, England. Photo Credit: Benjamin Davies Thanks largely to continued streaming and vinyl growth, UK music industry sales increased by about three percent during 2022 and approached £1.99 billion, according to a newly released preliminary […]
Photo Credit: YouTube YouTube Shorts is officially preparing to implement a new revenue sharing model – a move that could draw creators away from TikTok, which continues to grapple with bans and far-reaching lawsuits in […]