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Financials

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What Lawsuits? Live Nation Posts ‘Record’ Q3 2026 Financials, Now Expects ‘To Welcome Nearly 180 Million Fans’ This Year

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Apple Music revenue

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SiriusXM financials

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  1. Home
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Hopeless Records Revamps Its Payments Backend, Touts ‘Significantly Reduced’ Royalties-Management Workload

Dylan Smith
September 20, 2024
A streamlined payments process and straightforward tax compliance aren’t exactly punk – but they’re decidedly important parts of today's increasingly complex music industry. In that spirit, Hopeless Records h... Read More...
universal music group

What Streaming Plateau? Universal Music Targets 8-10% Annual Subscription Growth Through 2028 in Aggressive New Revenue Forecast

Dylan Smith
September 18, 2024
What streaming plateau? After suffering a material stock price decline following a Q2 subscription-growth “deceleration,” Universal Music Group (UMG) is now projecting a big expansion through the 2028 fiscal ... Read More...
Sirius XM Liberty Media

A New ‘SIRI’ Is Born — Liberty Media, Sirius XM Complete Spin-Off & Merger

Ashley King
September 10, 2024
Sirius XM Holdings Inc. has officially commenced operations as an independent public company following the closure of its transaction with Liberty Media. The merger was first disclosed in December 2023 as a ... Read More...
Spain recorded music market growth digital music growth

No Plateau Here — Spain Reports 18.8% YoY Digital Growth in H1 2024

Ashley King
September 5, 2024
Productores de Música de España (PROMUSICAE) has revealed that the Spanish recorded music market grew 16.6% in the first half of 2024. That H1 2024 growth is attributed mainly to the digital market, which saw... Read More...
DMN Pro Exclusive

How Serious Is the U.S. Streaming Slowdown? Here’s What the Last 10 Years of Industry Data Tells Us

Paul Resnikoff
September 4, 2024
For 2024’s opening half, the RIAA reported that U.S. on-demand streaming subscriptions had grown by a modest 2.7% year over year (YoY) as subscription revenue increased by 5.1%. Amid discussions about the slowdown, what does historical data tell us?
beggars group

Beggars Group Posts $136 Million in 2023 Revenue As Queens of the Stone Age and Lankum Score ‘Commercial Successes’

Dylan Smith
August 29, 2024
Beggars Group labels including XL, Rough Trade, and 4AD achieved a double-digit improvement in overall revenue during 2023 thanks in part to a material sales spike outside the UK. London-headquartered Begga... Read More...
DMN Pro Exclusive

Is Warner Music Really Achieving ‘Strong Subscription Streaming Growth’? We Crunched the Numbers to Find Out

Paul Resnikoff
August 28, 2024
For Universal Music Group and Warner Music Group, calendar Q2 2024 was a tale of two earnings reports — and streaming forecasts. While UMG acknowledged a subscription-growth slowdown, the Robert Kyncl-led WMG... Read More...
Pershing Square UMG comments

Pershing Square Holdings, Which Owns 10% of UMG, Calls the Label’s Recent Subscription Slowdown ‘Short Term in Nature’

Ashley King
August 28, 2024
Pershing Square Holdings is unconcerned by Universal Music Group’s recent subscription slowdown, calling it ‘short term in nature.’ Universal Music Group’s revenues in Q2 saw 10% growth year-over-year, but a... Read More...
bmg earnings

BMG H1 2024 Revenue Tops $510 Million Amid Continued Digital Growth and Restructuring Initiatives

Dylan Smith
August 28, 2024
Amid a continued reorganization, BMG generated over half of a billion dollars during 2024’s opening half, when digital revenue grew by more than a fifth year over year. The Berlin-based music company’s Bert... Read More...

Italy’s Recorded Music Market Expanded by Over 15% During H1 2024 Amid Streaming and Vinyl Growth, Report Shows

Dylan Smith
August 27, 2024
According to a new analysis from the Federation of the Italian Music Industry (FIMI), Italy's recorded music market grew by double digits during 2024’s opening half. FIMI reached out today with that Deloitt... Read More...
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Is Peloton Quietly Mounting a Comeback? Revenue Improves for the First Time in Years As Execs Prep New Digital Features

Dylan Smith
August 26, 2024
Is Peloton quietly crawling back from its post-pandemic woes? The company has revealed a year-over-year revenue bump for calendar Q2 2024 and is eyeing the release of new digital features. New York City-hea... Read More...
NetEase Cloud Music

NetEase Cloud Music Subscription Revenue Pops 25.5% During the First Half of 2024

Ashley King
August 22, 2024
NetEase Cloud Music reports a 25.5% increase in music subscriptions during the first half of 2024, and a 26.6% increase in online music services Q2. China’s second-largest music streaming service company, Cl... Read More...
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