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Warner Music Group Corp. Reports Results for Fourth Quarter and Year Ending September 30

Colin Cohen
November 27, 2019
Warner Music Group logo Warner Music Group has reported its financial results for both its fiscal fourth-quarter and the year ending September 30, 2019, and the news is good. In terms of the fourth quarter, ... Read More...

Tencent Music Earnings Surge 31% in the Latest Quarter

Colin Cohen
November 12, 2019
Tencent Music Entertainment Group has released its third-quarter financials for 2019, with revenue surging a staggering 31% and beating the expectations of Wall Street analysts. In spite of the news, shares ... Read More...
CISAC Prepares Sanctions for Embattled Spanish Collecting Society SGAE

CISAC Collections Reach a Record €9.7 Billion

Colin Cohen
November 7, 2019
Digital revenue in 2018 helped the International Confederation of Societies of Authors and Composers (CISAC) achieve a record €9.65 billion in global royalty collections. On November 7, the organization, whi... Read More...
Napster Settles with Songwriter David Lowery

Napster Quarterly Revenues Drop as Shift Towards B2B Continues

Colin Cohen
November 6, 2019
1
On November 6, RealNetworks, which is the parent of Napster, released its 3rd quarter financials for 2019, with revenue at the music streaming service dropping precipitously as the company shifts toward B2B. ... Read More...
Live Nation UK Launches EDM Division, Electronic Nation

Live Nation Misses Q3 Earnings Estimates as Concert Revenue Slips

Marsha Silva
November 1, 2019
1
Live Nation just reported its 3rd quarter financials, with numbers disappointing many on Wall Street. In the period ending September 30, the ticket seller and concert promoter recorded an earnings per share ... Read More...
SiriusXM's Q2 2019 — 34.3 Million Subscribers and Pandora Radio's Gross Profit Climbs 40%

SiriusXM Adds 210,000 Subscribers This Quarter ⁠— Pandora Subscribers Plunge

Ashley King
October 31, 2019
Image by Michael J (CC by 2.0) SiriusXM's financials reveal the company added roughly 210,000 net subscribers, while earnings slipped substantially.  The story at Pandora wasn't rosy. The company's third-qua... Read More...
iTunes is Dead — So, What About My Purchased Music, Movies, and TV Shows?

Apple Reports Record Services Revenue of $12.5 Billion — Buoyed In Part by Apple Music

Marsha Silva
October 30, 2019
Apple just released its 4th quarter financials for the period ending September 30, in which services such as Apple Music generated a record $12.5 billion in revenue. Services revenue at the company increased... Read More...
Sony Music Unveils Joint Venture With Two Podcast Veterans

What Plateau? Sony Music Quarterly Streaming Revenues Boom 21%

Marsha Silva
October 30, 2019
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Earlier today, Sony Music reported its second-quarter financial results for 2019, with music streaming driving a sharp increase in revenues. In the period ending September 30th, Sony Music reported an operat... Read More...
To Combat Family Plan Subscriptions, Spotify Starts Testing Premium Duo Overseas

Spotify Hits 113 Million Paying Subscribers Worldwide — Says They’re Crushing Apple Music and Amazon

Paul Resnikoff
October 28, 2019
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Spotify posted better-than-expected quarterly results this morning. But are they really crushing Apple Music and Amazon? In a bold and bullish quarterly announcement this morning, Spotify CEO Daniel Ek and h... Read More...

7digital Continues to Crash — Revenues Plunge During the First Half of 2019

Marsha Silva
September 20, 2019
7digital is still in serious trouble — but the digital music company promises 'operational profitability' in 2020. Earlier today, digital music and radio services platform 7digital announced that revenues at... Read More...
BMI Files Petition Against North American Concerts Promoters Association (NACPA)

BMI Says It Just Posted the Most Successful Financial Year of ‘Any Music Rights Organization In the World’

Marsha Silva
September 9, 2019
It was a record-breaking year for BMI. The music rights management conglomerate reported that its annual revenue for the fiscal year ending June 30, 2019 was nearly $1.3 billion. This represents an increase ... Read More...
BMG Partners with SESAC to Administer Licensing in India

BMG Reports Double-Digit Revenue Increases During the First Half of 2019

Marsha Silva
August 29, 2019
BMG just posted a double-digit increase in revenue during the first 6 months of this year. The boom was driven by a surge in streaming revenues — little surprise there. The company reported revenue of mor... Read More...
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