Financials

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

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...

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...

Songtradr's Big Sync Music Embarks on a Global Expansion — Australia, New Zealand, France and Germany

Yes, Composers Can Make Money In Sports — Meet One of the Top Programmers In the Field

What I’ve Learned About Live Streaming — 3 Musicians Share Their Hard-Learned Lessons

How to Make It In the Music Industry — Two Behind-the-Scenes Professionals Break It Down

Music in Advertising: Here’s How Industry Pros Select Songs for Placement

Sync Licensing: It’s Much Bigger Than TV, Film, and Commercials

Artist Image Is Everything — Here’s How to Build Yours on a Budget

Quadraphonic Sound Died In the 1970s. So Why Is Somebody Bringing It Back?

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

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

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

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

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