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 […]
Berlin, Germany. Photo Credit: Stefan Widua Berlin-headquartered concert and festival promoter DEAG Entertainment Group turned in a more than 70 percent Q3 2022 revenue increase compared to the same period in 2019, according to a […]
Photo Credit: NetEase NetEase Cloud Music generated CNY 2.36 billion (currently $328.89 million) during Q3 2022, according to a newly released earnings report, representing a more than 22 percent year-over-year (YoY) increase. The China-based music […]
Photo Credit: Anghami Anghami cuts 22% of its staff despite solid revenue growth — a “sustained focus on profitability” that required “tough measures,” including the 22% headcount reduction and a 19% decrease in cloud computing […]