Financials

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

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...

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...

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

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

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

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

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

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

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

Investing In Music Catalogs? It Ain’t All Daisies & Butterflies — Our Latest Podcast

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

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