Financials

Sony Music Q2 FY Revenue Approaches $2.4 Billion On Continued Streaming Growth — Despite Relatively Small Quarterly Gains

October 28, 2021

During the second quarter of its 2021 fiscal year – covering the three months ending on September 30th – Sony Music Entertainment (SME) turned in double-digit year-over-year (YoY) streaming growth on both the... Read More...

Moonbug Entertainment Pulls In $53.8M In Revenue for 2020

Ashley King

October 11, 2021

Photo Credit: Moonbug Moonbug Entertainment has raked in over $50 million in revenues in 2020 – proving how lucrative kids' music can be. Moonbug Entertainment owns popular YouTube channels like Cocomelon, L... Read More...

Blackstone Is About to Drop $1 Billion on Music Copyrights — With Merck Mercuriadis Managing the Fund

Paul Resnikoff

October 8, 2021

The Blackstone Group is in serious discussions to inject more than $1 billion into a dedicated music copyright investment fund — with Hipgnosis Songs Fund founder Merck Mercuriadis potentially running the sho... Read More...

The Music Industry Has a Growing Payments Problem — Tipalti Is Out to Solve It

Paul Resnikoff

August 5, 2021

The Tipalti marketing team (photo credit: Tipalti) The music industry is notorious for not being able to pay people effectively — a problem that is only getting worse as the creator economy explodes. Tipalti ... Read More...

Spotify Earnings: A Look at the Latest Quarterly Results, Historical Revenue, and Future Outlook (2015-2020)

Dylan Smith

July 7, 2021

Spotify earnings by year (in billions USD) between 2015 and 2020, based upon the Euro-USD exchange rate at the time of this piece's writing. Photo Credit: Digital Music News Since going public via a direct li... Read More...

David Guetta’s Net Worth Estimate Surges Past $150 Million Following WMG Deal

Paul Resnikoff

June 18, 2021

David Guetta at the MTV Awards In 2018 (Photo Credit: MTV International CC by 3.0) Earlier this week, we first reported that superstar DJ David Guetta had finalized a $100 million partnership with Warner Musi... Read More...

Shares of Believe Drop Substantially as Euronext Paris IPO Proves Underwhelming

Ashley King

June 10, 2021

Photo Credit: Believe French digital music company Believe stumbled on its market debut. Shares slid more than 13% on their first day of trading. Believe is a major player in the indie distribution and label... Read More...

Epidemic Sound Reports $17.6 Million Annual Loss After 19% Layoff Round

Ashley King

June 4, 2021

Photo Credit: Epidemic Sound Royalty-free production music company Epidemic Sound has posted its 2020 financials. The Swedish music company suffered a $17.6 million loss, while revenues grew around 49% ($69.... Read More...

It’s Coming: Pro Music Rights Submits Additional Documents to SEC Ahead of Planned Spotify-Style Direct Listing

Dylan Smith

February 24, 2021

Ahead of its planned stock market debut, Florida-based performing rights organization Pro Music Rights (PMR) has filed several additional documents with the Securities and Exchange Commission (SEC). Pro Musi... Read More...

Tidal Revenues Grew 13% In 2019, While Losses Exceeded $50 Million

Dylan Smith

January 13, 2021

Project Panther Bidco Limited, the parent company of Jay-Z’s Aspiro and Tidal, has released its 2019 earnings report. Digital Music News obtained an exclusive copy of the nearly 40-page-long document, which ... Read More...

PRO Music Rights Is Preparing a Spotify-Style Direct Public Offering — No Investment Banks Needed

Dylan Smith

December 30, 2020

Pro Music Rights is officially preparing a Spotify-style direct public offering, according to a Form S-1 that the Florida-based entity recently submitted to the Securities and Exchange Commission (SEC). Pro ... Read More...

The Grammys Paid More Than $4.5 Million In Legal Fees Last Year — With $2.5 Million Going to Two Law Firms

Dylan Smith

December 16, 2020

The Grammys paid more than $4.5 million in legal fees last year, according to the Recording Academy’s newly released Form 990 for the 12 months ending on July 31st, 2019. Digital Music News obtained an exclu... Read More...

Robyn Cage Discusses Sync Licensing Tips for Beginners on Songtradr

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Meet the Sync Superstar Behind the Ad for Nissan’s 2023 Z

Sync Licensing Is Helping This Tropical Music Star Find Fans on the Global Stage

Here’s How a Volume-Based Sync Licensing Approach Helped These Musicians Score a VRBO Placement

Here’s What Drives Sync Licensing Success — According to a Veteran Creator Fresh Off a Samsung Placement

How I Landed a Juicy Sync Deal With SZA and TAZO

Our Latest Podcast: Latin America Has 640 Million People. Why Are Fewer Than 5% of Them Paying for Streaming?

Spotify, Apple Music, and YouTube Music Are Only Getting Bigger — Which Is Great News for Niche Streaming Platforms (Our Latest Podcast)

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‘Bone Conduction’ Headphones Don’t Go Over Your Ears — But Still Transmit Sound to Your Inner Cochlea

Now That the Music Modernization Act Has Passed, Who’s Gonna Run the Damn Thing?

Warner Music Group Stock Slips Following Q4 FY 2021 Earnings Miss — Despite Double-Digit Revenue Growth

UMG CEO Lucian Grainge Is Getting Paid $201 Million This Year — Which Is More Than All UK Songwriters Combined

Tencent Music Cracks 71 Million Paid Users, Generates $1.22 Billion In Q3 Despite Exclusive-Music Crackdown

Live Nation Stock Surges to Record High As Quarterly Revenue Approaches $2.7 Billion

Believe Spends $14 Million On 25% Play Two Stake, Reports Double-Digit Q3 Revenue Jump

Sony Music Q2 FY Revenue Approaches $2.4 Billion On Continued Streaming Growth — Despite Relatively Small Quarterly Gains

Moonbug Entertainment Pulls In $53.8M In Revenue for 2020

Blackstone Is About to Drop $1 Billion on Music Copyrights — With Merck Mercuriadis Managing the Fund

The Music Industry Has a Growing Payments Problem — Tipalti Is Out to Solve It

Spotify Earnings: A Look at the Latest Quarterly Results, Historical Revenue, and Future Outlook (2015-2020)

David Guetta’s Net Worth Estimate Surges Past $150 Million Following WMG Deal

Shares of Believe Drop Substantially as Euronext Paris IPO Proves Underwhelming

Epidemic Sound Reports $17.6 Million Annual Loss After 19% Layoff Round

It’s Coming: Pro Music Rights Submits Additional Documents to SEC Ahead of Planned Spotify-Style Direct Listing

Tidal Revenues Grew 13% In 2019, While Losses Exceeded $50 Million

PRO Music Rights Is Preparing a Spotify-Style Direct Public Offering — No Investment Banks Needed

The Grammys Paid More Than $4.5 Million In Legal Fees Last Year — With $2.5 Million Going to Two Law Firms