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

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    • Netflix Won the Streaming Wars. YouTube Changed the Rules.

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      In Focus Episode 7: Why Is Hip-Hop Constantly Changing? ‘Culture Is Meant to Be Fluid’
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Trending
  • Latest Music Industry Hires: RCS Worldwide, Ground Control Touring, Arc28 Entertainment, Nebula17, SeatGeek, Dolly Parton Estate, More
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Financials

Live Nation revenue

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

Dylan Smith
November 6, 2026
Sony Music earnings

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

Dylan Smith
November 5, 2026
Hybe revenue

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

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November 3, 2026
Apple Music revenue

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

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November 3, 2026
SiriusXM financials

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

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  1. Home
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  3. Financials

David Guetta’s Net Worth Estimate Surges Past $150 Million Following WMG Deal

Paul Resnikoff
June 18, 2021
Earlier this week, we first reported that superstar DJ David Guetta had finalized a $100 million partnership with Warner Music Group. That single deal — as well as existing intellectual property assets and a ... Read More...
Believe Digital stock

Shares of Believe Drop Substantially as Euronext Paris IPO Proves Underwhelming

Ashley King
June 10, 2021
French digital music company Believe stumbled on its market debut. Shares slid more than 13% on their first day of trading. Believe is a major player in the indie distribution and label services world, thoug... Read More...
Epidemic Sound financials 2020

Epidemic Sound Reports $17.6 Million Annual Loss After 19% Layoff Round

Ashley King
June 4, 2021
3
Royalty-free production music company Epidemic Sound has posted its 2020 financials. The Swedish music company suffered a $17.6 million loss, while revenues grew around 49% ($69.5 million). The production mu... Read More...
pro music rights

It’s Coming: Pro Music Rights Submits Additional Documents to SEC Ahead of Planned Spotify-Style Direct Listing

Dylan Smith
February 24, 2021
Ahead of its planned stock market debut, Florida-based performing rights organization Pro Music Rights (PMR) has filed several additional documents with the Securities and Exchange Commission (SEC). Pro Musi... Read More...
Tidal Square

Tidal Revenues Grew 13% In 2019, While Losses Exceeded $50 Million

Dylan Smith
January 13, 2021
Project Panther Bidco Limited, the parent company of Jay-Z’s Aspiro and Tidal, has released its 2019 earnings report. Digital Music News obtained an exclusive copy of the nearly 40-page-long document, which ... Read More...
pro music rights

PRO Music Rights Is Preparing a Spotify-Style Direct Public Offering — No Investment Banks Needed

Dylan Smith
December 30, 2020
Pro Music Rights is officially preparing a Spotify-style direct public offering, according to a Form S-1 that the Florida-based entity recently submitted to the Securities and Exchange Commission (SEC). Pro ... Read More...
The Grammys

The Grammys Paid More Than $4.5 Million In Legal Fees Last Year — With $2.5 Million Going to Two Law Firms

Dylan Smith
December 16, 2020
6
The Grammys paid more than $4.5 million in legal fees last year, according to the Recording Academy’s newly released Form 990 for the 12 months ending on July 31st, 2019. Digital Music News obtained an exclu... Read More...

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

Dylan Smith
August 19, 2020
2
Last month, Digital Music News was first to report that Mood Media, the owner of background ‘elevator music’ mainstay Muzak, had filed for Chapter 11 bankruptcy. Now, the Austin-based entity has restructured ... Read More...
YouTube Q2 2020

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

Ashley King
August 3, 2020
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YouTube Q2 2020 financials are down, but not as much as expected due to the COVID-19 pandemic. Despite ad revenue being down, YouTube itself grew 5.8% year-over-year. Parent company Alphabet posted a 2% decl... Read More...

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

Dylan Smith
July 10, 2020
3
Mood Media, the parent company of background 'elevator music' mainstay Muzak, has filed for Chapter 11 bankruptcy. Mood Media (formerly Fluid Music Canada) noted its intention to move forward with the Chapte... Read More...
TikTok loss

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

Ashley King
July 5, 2020
ByteDance expects to see a $6 billion USD loss after India banned TikTok and three other apps. India banned 59 apps in total with Chinese links, saying the apps are "prejudicial to sovereignty and integrity ... Read More...
iHeartMedia

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

Ashley King
April 15, 2020
After furloughing staff and foregoing CEO pay, iHeartMedia is looking to shave $250 million from its budget. The largest operator of radio stations in the United States recently revealed that it has $647 mil... Read More...
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