Financials

PledgeMusic Delivers a New Non-Statement

BTS Agency Big Hit Entertainment Posts Insane First Half Revenues

August 21, 2019

The first half of 2019 was very good to Big Hit Entertainment, the South Korean company that manages BTS. Earlier today (August 21st) the company announced record revenues at its 'Big Hit Corporate Briefing ... Read More...

After 44 Years, Warner. Bros Records Exits Historic 'Ski Lodge' HQ

Warner Music Group Enjoys Double-Digit Quarterly Revenue Gains to $1.06 Billion — But CEO Says Crediting Streaming Is an ‘Oversimplification’

Ashley King

August 6, 2019

Warner Music Group reported their Q3 2019 earnings with double-digit growth — thanks to streaming revenues. WMG revenues topped $1.06 billion in the quarter ending on June 30th, a healthy 9-figure total. Th... Read More...

Spotify’s Q2 2019 — The Good, The Bad, and The Ugly

Daniel Sanchez

July 31, 2019

Spotify has released its financial report for the second quarter of 2019 (Q2 2019). First, the good news. For the three months ended June 30th, 2019, the music streaming giant reported 232 million monthly a... Read More...

Sony Music's Q1 2019 — $1.02 Billion in Recorded Music Revenue and $348.5 Million in Operating Income

Streaming Saves: Sony Music’s Q1 Recorded Music Revenue Jumps 11.5% to $1.02 Billion

Daniel Sanchez

July 30, 2019

Sony Music Entertainment has published the earnings for its Q1 2019 fiscal year. Earlier this year, in its Q4 2018 (our calendar Q1 2019) report ending March 31st, 2019, Sony Music brought in ¥104.4 billion ... Read More...

Despite a Plunge In Pandora Listeners, SiriusXM Quarterly Revenues Hit a Record $2 Billion

Daniel Sanchez

July 30, 2019

SiriusXM has published its earnings report for the second fiscal quarter of 2019. The figures include a small bump on Sirius subs, and a sharp drop in monthly average users at Pandora. In the first quarter ... Read More...

Live Nation Shows Off Healthy Q2 2019 Earnings — And Says Smaller Artist Tours Are Booming

Marsha Silva

July 26, 2019

Live Nation has posted encouraging Q2 2019 profits — and Wall Street is taking notice. Having secured earnings equal to $.41 per share during the second quarter of 2019, Live Nation was able to top the $.39 ... Read More...

Double-Digital Revenue Growth at Universal Music Buoys Vivendi’s Bottom Line

Marsha Silva

July 26, 2019

French conglomerate Vivendi saw its revenues increase by close to 14% during the first half of 2019, to just over $8 billion. This growth was due in large part to the company's music division—namely Universa... Read More...

Filter Cancels Their 20th Anniversary Album Because PledgeMusic Froze Their Funds

Ashley King

July 19, 2019

Photo Credit: U.S. Army, PFC Sarah De Boise Filter has canceled their 20th-anniversary reunion album thanks to Pledge Music freezing funds. Original members Richard Patrick and Brian Liesegang were reuniting... Read More...

As Bankruptcy Looms, 7Digital Announces Key Changes to Its Board of Directors

Ashley King

July 16, 2019

Following an urgent bulletin that 7digital needs roughly $5.7 million to avoid bankruptcy, the company is now announcing changes to its board. Insert 'rearranging deck chairs on the Titanic' quip here. Am... Read More...

Music Streaming Now Accounts for 66% of Germany's Total Record Music Revenue

Streaming Now Accounts for 66% of Germany’s Total Recorded Music Revenue

Daniel Sanchez

July 11, 2019

Last year, despite the growth of music streaming in the country, German’s music industry remained stagnant – at best. German music association Bundesverband Musikindustrie (BVMI) revealed that the country ha... Read More...

SOCAN Members Only Received $41 From Digital Sources Last Year

SOCAN Members, On Average, Received Just $41 From Streaming Services Last Year

Daniel Sanchez

June 20, 2019

The Society of Composers, Authors, and Music Publishers of Canada, or SOCAN, has published its financials for 2018. Breaking down total collections, the Canadian performance rights organization collected $37... Read More...

Merlin Pays Out $845 Million to Labels and Distributor Members in 2018, Reaching Over $2 Billion in Payouts

Daniel Sanchez

June 19, 2019

Indie label collective Merlin Network has posted its financials for the 12 months ending March 31st, 2019. Publishing its 2019 Membership Report & Survey, the company paid out $845 million to its label a... Read More...

Sync Music Licensing: Secrets for Scoring Deals and Maximizing Revenue

“My Whole Source of Income Just Disappeared” — How Two Musicians Are Dealing With Cancelled Concerts

What Does It Take to Succeed In Songwriting? Surprising Lessons from Two Successful Sync Writers

How a Movie Score Is Really Made — According to a Top Hollywood Director

Want to Get Your Music Heard? It Starts With the Winning Pitch

Want Your Music In a Major Gaming Series? Meet the Guys Who Create Their Soundtracks

Artist Branding Isn’t Selling Out Anymore — But What’s the New Balance?

'Bone Conduction' Headphones Don't Go Over Your Ears — But Still Transmit Sound to Your Inner Cochlea

Meet Lady A, the Black Blues Singer Whose Name Got Taken by Lady Antebellum — Our Latest Podcast

Spotify Probably Owes You More Money — Here’s How to Get It (Our Latest Podcast)

Meet the Artist Who Is Literally Saving His Fans’ Lives — Our Latest Podcast

How to Game the Billboard Charts (And Why You Shouldn’t) — Our Latest Podcast

Meet the Single Mom Cellist Who Makes a Living Off Her Music — Our Podcast Interview

How to Protect Yourself From the Copyright Trolls — Our Latest Podcast

Muzak Owner Mood Media Restructures $400MM In Debt, Emerges from Bankruptcy

YouTube Q2 2020 – COVID-19 Takes a Toll on Revenue, Ad Spending Down

Elevator, Down: Muzak Parent Mood Media Files for Chapter 11 Bankruptcy

TikTok Parent Company ByteDance Predicts $6 Billion Loss After India’s Ban

iHeartMedia Has $647 Million In the Bank, Plans to Shave $250 Million in Costs This Year

BTS Agency Big Hit Entertainment Posts Insane First Half Revenues

Warner Music Group Enjoys Double-Digit Quarterly Revenue Gains to $1.06 Billion — But CEO Says Crediting Streaming Is an ‘Oversimplification’

Spotify’s Q2 2019 — The Good, The Bad, and The Ugly

Streaming Saves: Sony Music’s Q1 Recorded Music Revenue Jumps 11.5% to $1.02 Billion

Despite a Plunge In Pandora Listeners, SiriusXM Quarterly Revenues Hit a Record $2 Billion

Live Nation Shows Off Healthy Q2 2019 Earnings — And Says Smaller Artist Tours Are Booming

Double-Digital Revenue Growth at Universal Music Buoys Vivendi’s Bottom Line

Filter Cancels Their 20th Anniversary Album Because PledgeMusic Froze Their Funds

As Bankruptcy Looms, 7Digital Announces Key Changes to Its Board of Directors

Streaming Now Accounts for 66% of Germany’s Total Recorded Music Revenue

SOCAN Members, On Average, Received Just $41 From Streaming Services Last Year

Merlin Pays Out $845 Million to Labels and Distributor Members in 2018, Reaching Over $2 Billion in Payouts