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 […]
Sony Music Entertainment (SME) turned in a roughly 10.16 percent year-over-year revenue increase during Q1 2022 due in large part to an 18.90 percent YoY jump for recorded music’s streaming income, which achieved a 37.16 […]
Photo Credit: Solen Feyissa TikTok wants to keep its massive influx of new users. It has announced plans to share ad revenue with creators. TikTok will share a cut of revenue with top creators on […]
Live Nation (NYSE: LYV) has reported that it turned in the “best first quarter ever” during this year’s opening three months, when revenue jumped from $290.6 million in Q1 2021 to over $1.8 billion in […]
Photo Credit: HYBE After posting a 59.8 percent year-over-year revenue jump during Q1 2022, BTS agency Hybe (KRX: 352820) has doubled down on its commitment to the famous K-pop act, indicating that “we will be with […]
In mid-April, reports suggested that Atlanta-based radio-station operator Cumulus Media (NASDAQ: CMLS) was considering a $1.2 billion takeover bid from Connoisseur Media founder Jeff Warshaw. Now, however, Cumulus has formally rejected the “unsolicited” offer. Cumulus […]
Photo Credit: Believe Indie label and distributor Believe achieved a 30.9 percent year-over-year revenue improvement for Q1 2022, which saw the Paris-headquartered company generate €162.5 million, according to a newly released earnings report. Believe unveiled […]
U.S. Latin music revenue in 2019, 2020, and 2021. Photo Credit: RIAA Latin music revenue cracked a record high of $886.1 million in the U.S. during 2021, according to a new report from the Recording […]
An aerial shot of Furzton Lake in Milton Keynes, Buckinghamshire. Photo Credit: Ethan Wilkinson One Media iP, which describes itself as a “digital media content provider which exploits intellectual digital property rights around music, video […]
Photo Credit: Alexander Shatov Snapchat achieved an 18 percent year-over-year jump in daily active users during Q1 2022 – the first full quarter in which it’s had licensing deals in place with each of the […]
Shared from gamerempire.net. AFK Arena has remained one of the top-grossing mobile games throughout the entirety of 2020. Released in early 2019, AFK Arena has kept its position as one of the most played Idle […]
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. […]
Shared from www.businessoffashion.com China’s Alibaba Group Holding Ltd on Thursday reported its slowest-ever increase in quarterly revenue since going public in 2014, as tepid growth in core e-commerce business and intensifying competition ate into its sales. Revenue […]
Shared from www.businessoffashion.com Allbirds topped market estimates for quarterly revenue on Wednesday, Feb. 23, on robust demand for its eco-friendly shoes from younger shoppers who are more focused on sustainability. Consumers returning to pre-pandemic routines […]
Shared from Business of Fashion Under Armour Inc beat Wall Street estimates for quarterly revenue on Friday, as the sportswear maker benefited from strong demand for its athletic wear and higher prices of its hoodies […]