Financials

Is SoundCloud's 'Desperate' Funding Fake News? Probably Not

Near-Bankrupt SoundCloud Calls the Financial Times ‘Fake News’

February 14, 2017

zsoolt (CC by 2.0) If it looks like a duck, walks like a duck, quacks like a duck, then, according to SoundCloud, it’s probably fake news. First, Spotify walked away from a rumored acquisition deal. Accordi... Read More...

Is SoundCloud Imploding? Top Execs Jump Ship as ‘Desperate’ Fundraising Begins

Daniel Sanchez

February 13, 2017

Will 2017 see the end of SoundCloud? 2017 is shaping up to be a difficult year for SoundCloud. Several months ago, Spotify walked away from SoundCloud acquisition talks. In fact, SoundCloud co-founder Alex... Read More...

Tim Westergren's Resignation Letter Makes You Wonder What's Next

Will Pandora Ever Make Money? Two-Year Losses Top $512.7 Million

Daniel Sanchez

February 10, 2017

Image by Corey Denis (CC by 2.0) How will Pandora survive in the streaming market when it keeps posting triple-digit annual losses? For the fourth quarter of 2016, Pandora reported revenue of $392.6 million.... Read More...

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

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

Daniel Sanchez

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...

BMG Posts 30.6% 2022 Revenue Jump as Catalog Acquisitions Top $400 Million

Tencent Music Posts Nearly $170 Million Q4 2022 Net Profit, Announces New Share-Buyback Program

Believe Posts 32% 2022 Revenue Jump As Asia-Pacific and Africa Income Cracks $200 Million

Streaming Is Taking Off In Japan, 2022 Data Shows — As Both Vinyl and CD Sales Remain Strong

U.S. Recorded Music Revenue Approached $16 Billion In 2022 Amid Continued Vinyl and Streaming Growth, Report Shows

Near-Bankrupt SoundCloud Calls the Financial Times ‘Fake News’

Is SoundCloud Imploding? Top Execs Jump Ship as ‘Desperate’ Fundraising Begins

Will Pandora Ever Make Money? Two-Year Losses Top $512.7 Million

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