Financials

TikTok Parent Company ByteDance Predicts $6 Billion Loss After India’s Ban

July 5, 2020

Photo Credit: Laurentiu Morariu ByteDance expects to see a $6 billion USD loss after India banned TikTok and three other apps. India banned 59 apps in total with Chinese links, saying the apps are "prejudici... Read More...

iHeartMedia Has $647 Million In the Bank, Plans to Shave $250 Million in Costs This Year

Ashley King

April 15, 2020

After furloughing staff and foregoing CEO pay, iHeartMedia is looking to shave $250 million from its budget. The largest operator of radio stations in the United States recently revealed that it has $647 mil... Read More...

Tencent Music Boasts 39.9 Million Paying Subs — Tops Wall Street Estimates

Ashley King

March 17, 2020

Tencent Music closed 2019 with nearly 40 million paying music subscribers worldwide. Tencent Music Entertainment Group (TME) runs three different music streaming services in China. Those include QQ Music, Ku... Read More...

TIDAL Rolls Out MQA Option for Hi-Fi Subscribers

Jay-Z’s Tidal Lost $37 Million In 2018 — More Than 100,000 Subscribers Jumped Ship

Marsha Silva

February 10, 2020

Jay-Z’s Tidal lost approximately $37 million and 100,000 American subscribers in 2018, according to newly released figures. The music streaming service’s overall revenue grew by more than 25 percent from 2... Read More...

BTS Is Basically a Cash Machine — Big Hit Annual Revenues Hitting $500 Million

Marsha Silva

February 5, 2020

BTS frontman RM (photo: Yun_Q) BTS label/management group Big Hit Entertainment just doubled its earnings and substantially increased its 2019 profits. Big Hit Entertainment, the company behind BTS, earned n... Read More...

Spotify Reaches 124 Million Premium Subscribers — But Quarterly Losses Top $85 Million

Marsha Silva

February 5, 2020

Spotify Offices in Manhattan Spotify closed 2019 with 124 million premium subscribers—a 29 percent increase from 2018’s year-end figure—but this user influx wasn’t enough to prevent the company from sustainin... Read More...

Pandora Is Losing Subscribers — 88,000 Left the Service Last Quarter

Ashley King

February 4, 2020

Photo Credit: Pandora SiriusXM revealed some new information about its subscribers' growth rate for its satellite service and Pandora. First, the good news. SiriusXM added 355,000 satellite radio subscrib... Read More...

YouTube Has More Than 20 Million Paying Subscribers — Music Subscriber Numbers Remain Elusive

Ashley King

February 4, 2020

Photo Credit: Unsplash Google's Q4 2019 financial results finally shed some light the number of YouTube Music paying subscribers. But exact details remain elusive. YouTube Music and YouTube Premium have mor... Read More...

Lil Nas X Drives a Financial Boom at Sony Music — Quarterly Revenues Approach $2 Billion

Marsha Silva

February 4, 2020

Courtesy Photo: Apple Sony Music Entertainment just posted a strong increase in Q3 revenue, across both recorded music and publishing. Lil Nas X — inked to Columbia/Sony back in March of 2019 — helped to dri... Read More...

Warner Music Group Quarterly Earnings Jump 42% (Thank You, Streaming)

Marsha Silva

January 31, 2020

Warner Music Group HQ, Downtown LA Warner Music Group (WMG) just reported a very solid first-quarter growth. Warner Music Group (WMG) recorded substantial profits in the first quarter of its fiscal year, whi... Read More...

AirPods, iPhone 11 Sales Propel Apple’s Quarterly Earnings to All-Time High of $91.8 Billion

Paul Resnikoff

January 28, 2020

Apple's high-selling AirPods (photo: Antonio Scalogna) During the first quarter of Apple’s fiscal year, which ended on December 28th, 2019, revenues jumped nine percent from the same period in 2018, to an all... Read More...

Spotify Faces Backlash Over Axing Beloved Features on Mobile

Evercore Analyst Downgrades Spotify, Calls Profit Margin Growth ‘A Pipe Dream’

Colin Cohen

January 14, 2020

On the heels of Bernstein's Todd Juenger giving Spotify an underperform rating, an analyst from Evercore has downgraded the stock to underperform as well. Benjamin Black gave the stock the rating after previ... Read More...

The New World of Sync: How Two Sync Music Pros Are Surviving COVID-19

Artist Branding Isn’t Selling Out Anymore — But What’s the New Balance?

The Revolution Will Be Recorded: How Can Artists Shape Movements and Change Lives?

It Took Years for These Music Industry Experts to Learn These Monetization Pro-Tips

Working Through the Pandemic: Three Prominent Music Supervisors Discuss the Music Industry’s Way Forward

How to License Your Music Directly From Your Website & Win

Songtradr Joins the Growing Music Industry Recovery Effort — Donates All Sync Commissions to Musicians

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

Spotify Probably Owes You More Money — Here’s How to Get It (Our Latest Podcast)

Meet the Artist Who Is Literally Saving His Fans’ Lives — Our Latest Podcast

How to Game the Billboard Charts (And Why You Shouldn’t) — Our Latest Podcast

Meet the Single Mom Cellist Who Makes a Living Off Her Music — Our Podcast Interview

How to Protect Yourself From the Copyright Trolls — Our Latest Podcast

Stop Chasing Playlists and Start Building a Music Career — Our Latest Podcast

TikTok Parent Company ByteDance Predicts $6 Billion Loss After India’s Ban

iHeartMedia Has $647 Million In the Bank, Plans to Shave $250 Million in Costs This Year

Tencent Music Boasts 39.9 Million Paying Subs — Tops Wall Street Estimates

Jay-Z’s Tidal Lost $37 Million In 2018 — More Than 100,000 Subscribers Jumped Ship

BTS Is Basically a Cash Machine — Big Hit Annual Revenues Hitting $500 Million

Spotify Reaches 124 Million Premium Subscribers — But Quarterly Losses Top $85 Million

Pandora Is Losing Subscribers — 88,000 Left the Service Last Quarter

YouTube Has More Than 20 Million Paying Subscribers — Music Subscriber Numbers Remain Elusive

Lil Nas X Drives a Financial Boom at Sony Music — Quarterly Revenues Approach $2 Billion

Warner Music Group Quarterly Earnings Jump 42% (Thank You, Streaming)

AirPods, iPhone 11 Sales Propel Apple’s Quarterly Earnings to All-Time High of $91.8 Billion

Evercore Analyst Downgrades Spotify, Calls Profit Margin Growth ‘A Pipe Dream’