Financials

Thank You, Streaming and Bruno Mars: WMG Posts Strong Q1

Thank You, Bruno Mars and Streaming: WMG Posts Strong Q1

February 7, 2017

Image by Brothers Le (CC by 2.0) It’s a good time to be a Warner Music Group artist. Today, Warner Music Group released their first quarter financials ending on December 31, 2016. As expected, streaming push... Read More...

UMG and Global Eagle Entertainment Reach $20 Million Settlement

Daniel Sanchez

August 15, 2016

After 2 years of litigation, Global Eagle Entertainment and UMG Recordings have finally reached a settlement. According to an 8-K filed with the United States Securities and Exchange Commission, both parties... Read More...

“The Get Down,” Netflix’s Most Expensive Series, Premieres Today

Daniel Sanchez

August 12, 2016

With a price tag of $120 million just to produce, and around $10 million for each episode produced, 'The Get Down' has a lot to live up to. With Marco Polo previously holding the title of one of the most exp... Read More...

CEO and President Pushed Out of $20 Million-Backed BKSTG

Daniel Sanchez

August 8, 2016

The social music startup scene hasn’t been doing so hot. The UK Business Insider reported in July that UK-based Crowdmix would be going into administration, leaving 130 jobs up in the air. Staff will be wit... Read More...

The US Government Is About to Close a Huge Artist Windfall…

Daniel Sanchez

August 8, 2016

The FTC is kiboshing deceptive artist advertising. Celebrity endorsements are usually unclear, even more so in the social media realm. Are they posting photos of their favorite products like alcoholic drinks... Read More...

Thanks to Streaming Revenue, Warner Music Group Posts Strong 3Q Earnings

Daniel Sanchez

August 4, 2016

In very, very good news for the music group, in a conference call announcing its third-quarter financial results ended on June 30, Warner Music Group posted only a $9 million loss on revenues of $811 million, a... Read More...

Two-Thirds of All Music Sold Comes from Just 3 Companies

Paul Resnikoff

August 3, 2016

There are hundreds of record labels in the world. Three of them sell most of the music. Despite massive disruption and upheaval over nearly two decades, the recorded music industry remains highly concentrat... Read More...

Guvera’s Indian Hope Flounders Under the Weight of Debt

Daniel Sanchez

August 3, 2016

Here at Digital Music News, we’ve reported on troubled music streaming start-up closing down shop in Australia after failing to open their IPO to better focus on emerging markets like India, Indonesia, Saudi Ar... Read More...

How to Run a Profitable Music Streaming Business, by QQ Music

Daniel Sanchez

August 2, 2016

Will the world's first profitable streaming music company come from China? QQ Music says it's already in the black. Spotify is beating out Apple Music with 40 million paying subscribers. They have an impres... Read More...

The Trail of Debt Left Behind by Beleaguered Music Streaming Service Guvera

Daniel Sanchez

August 2, 2016

Building on last week’s news of troubled music service Guvera, who decided to shut down shop in Australia and focus on emerging markets reported here on Digital Music News, the Australian Business Review is... Read More...

Music Dealers Suddenly Closes Doors, Leaving Many Artists Without Pay (Updated)

Daniel Sanchez

July 28, 2016

Update 3; July 29th, 6:15 pm PT. Early this morning, we reported that former Coca-Cola executive Judith Snyder was a co-founder of Music Dealers. Snyder immediately contacted us, informing DMN that she was ... Read More...

SoundCloud Reportedly for Sale for $1 Billion…

Daniel Sanchez

July 27, 2016

SoundCloud for Sale? Bloomberg.com is reporting that privately-owned SoundCloud’s founders and investors are seriously considering a sale. That includes investment firm Doughty Hanson & Co., just one of... Read More...

Sony Music Posts Q4 2022 Revenue Jump Amid Continued Streaming, Publishing Growth

Spotify Posts Record User Growth — And An Increased Operating Loss — In Q4 2022 Earnings Report

Ready to Level Up Your Career in Music? Thoughtful Finance Is the Next Step

PRS for Music Agrees to New Foundation Funding Following Pushback, Citing ‘The Increase In Interest Rates During 2022’

PPL Announces £43.2 Million Q4 2022 Distribution, Up 3.4% Year Over Year

Thank You, Bruno Mars and Streaming: WMG Posts Strong Q1

UMG and Global Eagle Entertainment Reach $20 Million Settlement

“The Get Down,” Netflix’s Most Expensive Series, Premieres Today

CEO and President Pushed Out of $20 Million-Backed BKSTG

The US Government Is About to Close a Huge Artist Windfall…

Thanks to Streaming Revenue, Warner Music Group Posts Strong 3Q Earnings

Two-Thirds of All Music Sold Comes from Just 3 Companies

Guvera’s Indian Hope Flounders Under the Weight of Debt

How to Run a Profitable Music Streaming Business, by QQ Music

The Trail of Debt Left Behind by Beleaguered Music Streaming Service Guvera

Music Dealers Suddenly Closes Doors, Leaving Many Artists Without Pay (Updated)

SoundCloud Reportedly for Sale for $1 Billion…