Financials

‘Engage-to-Earn’ Music Platform Unitea Raises $7 Million

May 17, 2023

Photo Credit: Unitea Engage-to-earn music platform Unitea has announced a $7 million seed funding raise. The round was led by 1st Class Guernsey, Chaos Capital, TokenSociety, and Fuel Venture Capital. Unitea... Read More...

Tencent Music Q1 2023 Revenue Tops $1 Billion As Paid Streaming Users Approach 100 Million, Report Shows

Dylan Smith

May 16, 2023

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)... Read More...

SM Entertainment Stock Jumps As Execs Reveal Solid Q1 Earnings and Plans for a Major North American Acquisition

Dylan Smith

May 16, 2023

SM's EXO-M. Photo Credit: Luhan Please Having put a much-publicized ownership battle with Hybe (mostly) in the rearview, K-pop agency SM Entertainment has revealed that it achieved a double-digit year-over-ye... Read More...

TLC Is Re-Recording Classic Hits (The ‘TLC Versions’) & Offering Ownership Shares to Fans

Ashley King

May 12, 2023

Photo Credit: SongVest TLC is partnering with SongVest to re-record classic versions of its hits, giving fans an opportunity to purchase fractionalized royalties from these songs. TLC fans now have the oppor... Read More...

Lucian Grainge UMG shareholders compensation package

Lucian Grainge’s $150 Million+ Compensation Blowout Approved by Universal Music Shareholders

Ashley King

May 11, 2023

Photo Credit: Alexander Grey Universal Music shareholders have approved Lucian Grainge's $150 million+ compensation blowout despite recommendations that shareholders vote against UMG's remuneration policy. A... Read More...

what did the las Vegas sphere cost to build

Las Vegas’ Sphere Construction Costs Soar to $2.3 Billion Due to Complexity of Project

Ashley King

May 11, 2023

Photo Credit: Las Vegas Sphere Website Madison Square Garden is focusing huge amounts of advertising, marketing, and promotional efforts on its Las Vegas MSG Sphere project. That's because it's the costliest ... Read More...

Warner Music Group Stock Slips Following Q1 2023 Earnings Release: ‘We Underperformed in Recorded Music’

Dylan Smith

May 9, 2023

Warner Music Group stock slipped following the release of the company's Q1 2023 earnings report. Warner Music Group (WMG) achieved a small year-over-year (YoY) revenue improvement in its second quarter with R... Read More...

Live Nation Q1 Revenues Jump 73% as Live Event Attendance Levels Soar

Ashley King

May 4, 2023

Photo Credit: Live Nation The global pandemic is in the rear-view mirror for Live Nation, whose Q1 revenues jumped 73% as attendance levels skyrocketed -- approaching 20 million as fans rushed in droves to re... Read More...

Hybe Stock Jumps As BTS Agency Reports Q1 Revenue and WeVerse Growth Amid Global Buildout

Dylan Smith

May 2, 2023

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) genera... Read More...

Live Nation/Ticketmaster CEO Michael Rapino’s Compensation Package Tops $139 Million in 2022

Ashley King

May 2, 2023

Photo Credit: Live Nation Amid scrutiny for its ticketing practices, Live Nation/Ticketmaster CEO Michael Rapino's compensation package tops $139 million. Rapino signed a new agreement with Live Nation to c... Read More...

SiriusXM Reports Q1 2023 Revenue Dip as Self-Pay Subscribers and ARPU Fall

Dylan Smith

April 28, 2023

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. ... Read More...

Sony Music Entertainment Annual Revenue Cracks $8.5 Billion As Recorded Music Delivers 32% Income Hike

Dylan Smith

April 28, 2023

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 musi... Read More...

MCPS Mechanical Distributions Top $232M in 2022 — Highest Payout Total Since 2007

Round Hill Music Says Q1 ‘Like-For-Like’ Revenues Jumped 20% Year-Over-Year

CISAC Touts $10 Billion Global Collections Figure in 2023 Annual Report, Plans To ‘Make the Streaming World a Fairer Place’

Alliance Entertainment Reports 29% Q1 2023 Revenue Slip: ‘We Are Not Immune to the Macroeconomic Headwinds’

SoundExchange Announces $10 Billion Distribution Milestone: ‘We Have Grown Into a Global Music Tech Organization’

‘Engage-to-Earn’ Music Platform Unitea Raises $7 Million

Tencent Music Q1 2023 Revenue Tops $1 Billion As Paid Streaming Users Approach 100 Million, Report Shows

SM Entertainment Stock Jumps As Execs Reveal Solid Q1 Earnings and Plans for a Major North American Acquisition

TLC Is Re-Recording Classic Hits (The ‘TLC Versions’) & Offering Ownership Shares to Fans

Lucian Grainge’s $150 Million+ Compensation Blowout Approved by Universal Music Shareholders

Las Vegas’ Sphere Construction Costs Soar to $2.3 Billion Due to Complexity of Project

Warner Music Group Stock Slips Following Q1 2023 Earnings Release: ‘We Underperformed in Recorded Music’

Live Nation Q1 Revenues Jump 73% as Live Event Attendance Levels Soar

Hybe Stock Jumps As BTS Agency Reports Q1 Revenue and WeVerse Growth Amid Global Buildout

Live Nation/Ticketmaster CEO Michael Rapino’s Compensation Package Tops $139 Million in 2022

SiriusXM Reports Q1 2023 Revenue Dip as Self-Pay Subscribers and ARPU Fall

Sony Music Entertainment Annual Revenue Cracks $8.5 Billion As Recorded Music Delivers 32% Income Hike