Photo Credit: Victrola Record Players Vinyl sales slowdowns amid broader economic uncertainty spell trouble for several smaller vinyl companies. Vinyl records surpassed CDs as the most popular physical music format over the past few years; […]
SOCAN CEO Jennifer Brown. Photo Credit: SOCAN SOCAN has reported north of $390 million (CA$559.4 million) in revenue for 2024, when its collections growth rate slowed a bit from 2023. The Canadian PRO disclosed this […]
Amid growth slowdowns in North America and Asia, besides double-digit expansions in other regions, global recorded music industry revenue increased by 4.8% in 2024. Photo Credit: IFPI The global recorded music industry generated $29.6 billion […]
London, England. Photo Credit: Grant Sams The UK music industry generated nearly $2 billion during 2024 despite streaming- and vinyl-growth slowdowns, per a new report. The British Phonographic Industry (BPI) disclosed these and other recorded-revenue […]
A breakdown of ASCAP revenue by year. Photo Credit: ASCAP The American Society of Composers, Authors and Publishers (ASCAP) has reported a 5.7% year-over-year revenue boost for 2024, which is said to have delivered all-time-high […]
For 2024’s opening half, the RIAA reported that U.S. on-demand streaming subscriptions had grown by a modest 2.7% year over year (YoY) as subscription revenue increased by 5.1%. Amid discussions about the slowdown, what does […]
The United States Postal Service (USPS) is in such dire financial straits that it is considering plans for slower mail delivery to rural and long-distance areas after the election. According to The Washington Post, if […]
Daniel Ek, CEO of Swedish music streaming service Spotify, in 2016. On Monday, Ek announced Spotify would layoff 17% of employees. Toru Yamanaka/AFP via Getty Images hide caption toggle caption Toru Yamanaka/AFP via Getty Images […]
Photo Credit: Felipe Pelaquim Is a slow down ahead? Spotify is re-introducing its three-month free trial for new subscribers. Only new subscribers are eligible for the offer, which gives three months free of the $9.99/month […]