Financials

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

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...

Muzak Owner Mood Media Restructures $400MM In Debt, Emerges from Bankruptcy

Dylan Smith

August 19, 2020

Photo Credit: Derrick Treadwell Last month, Digital Music News was first to report that Mood Media, the owner of background ‘elevator music’ mainstay Muzak, had filed for Chapter 11 bankruptcy. Now, the Austi... Read More...

YouTube Q2 2020 – COVID-19 Takes a Toll on Revenue, Ad Spending Down

Ashley King

August 3, 2020

Photo Credit: Leon Bublitz YouTube Q2 2020 financials are down, but not as much as expected due to the COVID-19 pandemic. Despite ad revenue being down, YouTube itself grew 5.8% year-over-year. Parent compan... Read More...

Elevator, Down: Muzak Parent Mood Media Files for Chapter 11 Bankruptcy

Dylan Smith

July 10, 2020

Photo Credit: Derrick Treadwell Mood Media, the parent company of background 'elevator music' mainstay Muzak, has filed for Chapter 11 bankruptcy. Mood Media (formerly Fluid Music Canada) noted its intention... Read More...

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

Ashley King

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...

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...

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

Fitness Apps Are Using Indie Music to Revolutionize Workouts — With Additional Growth and Licensing Opportunities Forthcoming

How to Avoid DMCA Strikes Against Your Twitch Channel — A Short Guide

What Music Is Making Movies Tick? Here Are the 12 Biggest Film Sync Licensing Trends of 2021

Sync Music Is Bouncing Back In 2021 — But What are the Emerging Trends?

Thinking About Creating Custom Compositions for Your Project? A Breakdown of the Options

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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?

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One of These Three Companies Will Change Live Concerts Forever

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

Muzak Owner Mood Media Restructures $400MM In Debt, Emerges from Bankruptcy

YouTube Q2 2020 – COVID-19 Takes a Toll on Revenue, Ad Spending Down

Elevator, Down: Muzak Parent Mood Media Files for Chapter 11 Bankruptcy

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

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

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