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...
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 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...
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...
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...
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...
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 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...
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...
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...
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...