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 […]
Photo Credit: Eyestetix Studio The major labels are reportedly demanding a portion of TikTok’s advertising income as part of licensing talks – even though the ByteDance-owned platform has slashed its 2022 revenue target by north […]
Zackerie Fairfax ❘ Published: 2022-11-06T22:47:14 ❘ Updated: 2022-11-06T22:47:23 A Twitch streamer recently began his broadcast with a sketch inspired by the hit Don’t Hug Me I’m Scared web series and TV […]
Connor Bennett ❘ Published: 2022-11-02T12:52:39 ❘ Updated: 2022-11-02T12:52:48 Twitter is now reportedly working on “paid DMs” as new boss Elon Musk continues to look for fresh revenue streams. When Elon Musk […]
Sony Music Entertainment generated north of ¥194 billion (currently $1.3 billion) during Q3 2022, according to a new earnings report. Photo Credit: Sony Group Sony Music Entertainment (SME) recorded a nearly 33 percent year-over-year revenue […]
Photo Credit: Rachit Tank Google parent Alphabet posted improved Q3 2022 revenue of $69.09 billion, but within the total, YouTube’s ad income declined from the same three-month stretch in 2021. The Mountain View, California-headquartered company […]
Photo Credit: Deezer Deezer has reported a 13.8 percent year-over-year (YoY) revenue boost for 2022’s third quarter amid a push for €1 billion in annual income. The Access Industries-owned platform, which debuted on the Euronext […]
Photo Credit: LiveOne LiveOne expects to report a record Q2 revenue, adjusted EBITDA, and membership growth in 2023. Music and entertainment platform LiveOne with a “creator-first” focus, announces that it expects to report consolidated revenue […]
Shay Robson ❘ Published: 2022-10-16T10:15:23 ❘ Updated: 2022-10-16T10:15:42 Popular Apex Legends Twitch streamer Jacob ‘HisWattson’ McMillin has pledged to give all of his advertising revenue from the site to gamers in […]
Photo Credit: Hello I’m Nik Even as mobile customers are reducing their spending habits, TikTok is the highest-grossing app in quarterly revenue. A new report from Sensor Tower highlights just how massive ByteDance has become […]