Financials

ByteDance Reportedly Suffered $84.9 Billion Net Loss In 2021 Amid Meteoric TikTok Growth

October 7, 2022

The financials of TikTok parent company ByteDance have come to light, and the Beijing-headquartered entity reportedly suffered a multibillion-dollar operating loss in 2020 and 2021 as it pursued continued rap... Read More...

PRS for Music Announces £211 Million October Distribution — ‘Highest Payment to Members In 108-Year History’

Dylan Smith

October 6, 2022

PRS for Music has announced a “record-breaking” distribution of £211 million for October of 2022 due largely to triple-digit growth in royalties from plays in public establishments. The London-headquartere... Read More...

Despite H1 2022 Subscriber Dip, Deezer CEO Says His Company Will Break Even ‘By 2025’

Dylan Smith

September 22, 2022

After unveiling plans to generate €1 billion annually – and revealing that it had lost subscribers during H1 2022 – Deezer is poised to break even by 2025, according to CEO Jeronimo Folgueira. The head of A... Read More...

Hipgnosis Songs Fund Has ‘Burned Through Its Funds and Is Unable to Raise More,’ Financial Times Reports

Dylan Smith

September 8, 2022

Hipgnosis Songs Fund, the publicly traded (LON: SONG) entity that’s dropped billions on song catalogs, has “burned through its funds and is unable to raise more because its stock price has fallen,” according ... Read More...

Italy’s Music Industry Grew By 18.3% In H1 2022, Report Says — As Italian Acts Released Each of the Top-10 Singles and Albums

Dylan Smith

September 2, 2022

The Italian recorded music market achieved an 18.3 percent year-over-year revenue improvement during 2022’s opening half, per a newly released report from the European nation’s Federazione Industria Musicale ... Read More...

BMG Reports 25% Revenue Jump For H1 2022 As Catalog Expenditures Triple

Dylan Smith

August 31, 2022

BMG achieved a more than 25 percent year-over-year (YoY) revenue increase during the first half of 2022, according to a newly released earnings report. This and other noteworthy performance stats for Berlin... Read More...

Peloton Loses $1.2 Billion In A Single Quarter As Hardware Sales Plunge

Ashley King

August 26, 2022

Embattled exercise company Peloton has posted a $1.2 billion loss in a single quarter amid declining hardware sales. Quarterly revenue for the company fell almost 30%, and Peloton lost $2.8 billion in the ye... Read More...

Music Festival Platform Festicket Files ‘Commencement of Moratorium’ Amid Executive Departures, Refund Demands

Dylan Smith

August 25, 2022

London-headquartered music-festival platform Festicket has officially filed a “notice of commencement of moratorium” with the UK’s Companies House. Nine-year-old Festicket revealed its moratorium commenceme... Read More...

China’s Cloud Music Narrows Financial Losses As Subscribers Spike

Ashley King

August 19, 2022

Cloud Music Inc. has announced its financial results for the first half of 2022, showcasing subscriber growth. Cloud Music says its online music services monthly active users (MAUs) stood at 181.9 million. T... Read More...

XL Recordings Reports Double-Digit 2021 Revenue Increase After Adele Album Rights Revert

Dylan Smith

August 18, 2022

XL Recordings Limited achieved a material revenue increase during 2021 after securing the stateside rights to Adele’s first three studio albums, according to a newly released earnings report. XL Recordings ... Read More...

Beggars Group Posts £18.3 Million Revenue Hike For 2021 Despite Scaled-Back Release Schedule

Dylan Smith

August 18, 2022

Beggars Group, which encompasses XL Recordings, Rough Trade Records, Matador Records, 4AD, and other UK-based indie labels, posted a nearly £18.32 million (currently $21.84 million) year-over-year revenue jum... Read More...

A Closer Look at Trolley — The Canadian Fintech Taking Aim at Royalty Payment Complexity

Paul Resnikoff

August 16, 2022

Between today’s many royalty streams and their distinct tax implications, music industry payments are more complex than ever. Now, with a new name and a multimillion-dollar Series A under its belt, customizab... Read More...

SRR Capital Launches With a VC-Style Approach to Music Investing

What Is Attribution?

So Busy With "The Quiet Time..."

Netflix Won the Streaming Wars. YouTube Changed the Rules.

Indonesia: One of the World’s Most Promising Digital Music Markets

What Politicians Could Learn from the Music Business: A Midterm Election Primer

What Lawsuits? Live Nation Posts ‘Record’ Q3 2026 Financials, Now Expects ‘To Welcome Nearly 180 Million Fans’ This Year

Sony Music Q3 2026 Revenue Approaches $3.2 Billion Amid Double-Digit Recorded Music and Live/Merch Growth

BTS Tour = Record Hybe Revenue: K-Pop Giant Posts Strong Q3 2026 Financials, Teases BTS Members’ Post-Arirang Projects

Apple Reports Double-Digit Calendar Q3 2026 Growth as Subscriber Gains Drive Record Services Revenue

SiriusXM Reports 5,000 Self-Pay Net Additions for Q3 2026, Says ‘Morgan Wallen Radio’ Helped Drive a 5% Average Listening Time Increase

PRS for Music Announces £211 Million October Distribution — ‘Highest Payment to Members In 108-Year History’

Despite H1 2022 Subscriber Dip, Deezer CEO Says His Company Will Break Even ‘By 2025’

Hipgnosis Songs Fund Has ‘Burned Through Its Funds and Is Unable to Raise More,’ Financial Times Reports

Italy’s Music Industry Grew By 18.3% In H1 2022, Report Says — As Italian Acts Released Each of the Top-10 Singles and Albums

BMG Reports 25% Revenue Jump For H1 2022 As Catalog Expenditures Triple

Peloton Loses $1.2 Billion In A Single Quarter As Hardware Sales Plunge

Music Festival Platform Festicket Files ‘Commencement of Moratorium’ Amid Executive Departures, Refund Demands

China’s Cloud Music Narrows Financial Losses As Subscribers Spike

XL Recordings Reports Double-Digit 2021 Revenue Increase After Adele Album Rights Revert

Beggars Group Posts £18.3 Million Revenue Hike For 2021 Despite Scaled-Back Release Schedule

A Closer Look at Trolley — The Canadian Fintech Taking Aim at Royalty Payment Complexity