Pandora Sucks at Making Money…
Source: Pandora SEC filings. Written while listening to "About the Money" by T.I. (feat. Young Thug).... Read More...
VEVO Has 10 Billion Views… And No Money
For about nine months reports have been circulating that Vevo's owners are hoping to sell the company. Universal Music owns the majority of the platform, followed by Sony. Abu Dhabi Media and Google have al... Read More...
SoundCloud Is a Financial Sinkhole…
I. SoundCloud Net Losses.
(source: UK Company House filings)
II. SoundCloud Revenues.
(source: UK Company House filings)
III. SoundCloud Losses as a Percentage of Revenues.
(source: UK ... Read More...
Shazam’s Matching Algorithm Can’t Seem to Identify Money…
Shazam is integrated into iOS 8, the mobile software for Apple devices that was just released. The integration allows users to ask Siri which song is playing, and get an immediate answer. This move is guarant... Read More...
UMG’s Revenue Up 21.9 Percent…
Universal Music Group's revenues are up 21.9 percent from 2012.
This leaves their revenue at €3,398M ($4,585M) for the first nine months of 2013. Digital sales accounted for 53.9 percent of recorded music ... Read More...
Financial Filing Reveals Millions of Losses at Rhapsody…
Welcome to the twisted economics of music streaming. Because if Rhapsody — a paid-only service — can't turn a profit, then who in the streaming space can?
The longest-running music subscription service now h... Read More...
Live Nation Is Losing Less Money Than Ever Before In Its History…
When it comes to losing obscene amounts of money, Live Nation ranks among the best: since being spun off from Clear Channel in 2005, the company has lost nearly $950 million. And it's never turned a profit in ... Read More...
Sony Might Reject IPO Proposal; Shares Drop Immediately
Back in May, fund manager Daniel Loeb of Third Point urged Sony Corp. to focus on its entertainment unit, which has the potential to generate more profit than its currently slacking performance.
Loeb proposed ... Read More...
Sirius XM’s Record $940 Million Revenue in Second Quarter…
Sirius XM Radio generated record revenues of $940 million and $126 million in profit during the second quarter. CEO Jim Meyer said, "Sirius XM's second quarter results reflect record performance on almost every... Read More...
Warner Music Group Financial Results, 2002-2012…
Don't worry: Billboard says the major labels are doing just fine. But how long can this possibly last?
Warner Music Group
financial profits/losses, fiscal years 2002-2012 (as reported to the SEC).
... Read More...
Hmmm: Pandora Just Reported a Solidly Profitable Quarter…
Pandora's stock is probably plunging as you read this; Wall Street is freaking out over disappointing earnings projections. But underneath all that noise is something interesting: for the quarter that just happ... Read More...
Have We Hit Bottom? Universal Music Is Having a Non-Disastrous 2012…
There are two ways to look at this, and frankly, only one of them involves long-term survival. The better version is that digital is finally starting to replace physical on the global stage, and heralding a fre... Read More...