Photo Credit: CBS XL Recordings Limited achieved a material revenue increase during 2021 after securing the stateside rights to Adele’s first three studio albums, according to a newly released earnings report. XL Recordings just recently […]
Middle Eastern streaming service Anghami achieved a 29 percent year-over-year revenue increase during 2022’s opening half, according to a newly released earnings report, as “monthly paying subscribers” hiked by 41 percent (to 1.28 million) from […]
Endeavor (NYSE: EDR) generated north of $1.31 billion during Q2 2022 – a year-over-year increase of about 18 percent – as both events and representation revenue improved amid the return of live concerts. Beverly Hills-headquartered […]
Berlin, Germany. Photo Credit: Stefan Widua The German music industry generated €967 million during 2022’s first half, according to a newly released report, with digital having accounted for more than 80 percent of the total. […]
Warner Music Group (WMG) posted a small revenue increase (quarterly and year over year) for Q2 2022, but during the three-month stretch, recorded music slipped in the digital category for the first time. The Big […]
Photo Credit: Leon Bublitz YouTube ad revenue is slowing down to its lowest pace in two years – are YouTube shorts to blame? Ad revenue for the video streaming giant topped $7.34 billion in Q2 […]
Reservoir Media (NASDAQ: RSVR) turned in a 14 percent year-over-year revenue jump (excluding acquisitions) during Q2 2022, according to a newly released earnings report, generating $24.3 million in the process. The New York City-headquartered company […]
Photo Credit: AJeong_JM / CC by 4.0 Notwithstanding BTS members’ much-publicized plans to pursue solo careers, Hybe (KRX: 352820) reported an 83.8% year-over-year revenue hike during 2022’s second quarter. The Seoul-headquartered company revealed this and […]
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 […]
Photo Credit: Tony Webster / CC by 3.0 Universal Music Group (UMG) revenue jumped by 25.4 percent year over year during Q2 2022, as streaming income once again improved by double digits. The Big Three […]
Amid much-publicized licensing battles with Kobalt Music and Epidemic Sound, Meta has officially announced “music revenue sharing,” which higher-ups say will enable Facebook creators to avoid demonetization on – and collect payments from – videos […]
Deadline New Academy of Motion Picture Arts and Sciences CEO Bill Kramer continues what appears to be a major reorganization of AMPAS with yet another newly created position and appointment. Jenny Galante has been promoted […]
Hipgnosis Songs Fund posted a 24.7 percent year-over-year (YoY) gross revenue improvement during the fiscal year ending on March 31st, 2022. But gross debt rested at $600 million when the period concluded, and the company’s […]
Reservoir Media (NASDAQ: RSVR) generated $35.1 million during Q1 2022, according to a newly released earnings report, and the company intends to drop north of $100 million more on its “pipeline of potential deals” in […]
Earlier this week, Spotify head Daniel Ek predicted that his company’s annual revenue would crack a staggering $100 billion in the next 10 years. But with the Stockholm-based streaming platform having generated $11.4 billion in […]
Photo Credit: Spotify Spotify CEO Daniel Ek says he expects the company to reach $100 billion revenue annually in the next 10 years. The prediction came at the end of a tough Investor Day 2022 […]
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. […]
During its first quarter as a publicly traded company, Middle Eastern streaming service Anghami (NASDAQ: ANGH) reported a 23 percent year-over-year revenue jump and a 20 percent boost for “active users.” The Abu Dhabi-based streaming […]
Tencent Music suffered a 15.1% year-over-year revenue decrease during Q1 2022 after giving up most exclusive music deals, but nevertheless managed to generate $96.32 million (CNY 649 million) in net profit, according to a newly […]
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 […]