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  • Latest Music Industry Hires: RCS Worldwide, Ground Control Touring, Arc28 Entertainment, Nebula17, SeatGeek, Dolly Parton Estate, More
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Financials

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Apple Music revenue

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SiriusXM financials

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Will Donald Trump Convince Apple and Tim Cook to produce their iPhone in the U.S.?

Surprise! Corporation for Public Broadcasting Will Lose 97% of Its Funding Under Trump’s Budget Plan

Lennon Cihak
February 14, 2018
3
Mr. Trump wants to rid federal funding for the public media and arts. President Donald Trump's proposed budget would lacerate federal funding for public media and arts. The 2019 budget would greatly cut the ... Read More...

Less Than 180 Days Until TIDAL Runs Out of Cash

Daniel Sanchez
December 13, 2017
4
Jay Z has 99 problems.  And TIDAL running out of cash is one of them. 2017 hasn’t been a good year for Jay Z. First, his latest album, 4:44, didn’t appear on Billboard charts.  During its debut week, DJ K... Read More...

In 2004, Warner Music Was Sold for $2.6 Billion. This Year Alone, the Company Made $3.58 Billion.

Paul Resnikoff
December 5, 2017
3
According to financial details disclosed today, Warner Music Group's annual revenues are up 10.2% to $3.58 billion. It seemed like a good idea at the time. Back in 2004, Warner Music Group was dumped for ... Read More...

November 8th, 2018: iHeartMedia Declares Bankruptcy

Paul Resnikoff
November 13, 2017
9
Is the largest radio conglomerate in the US about to go bankrupt?  Now, iHeartMedia is hitting extremely hard financial times — and warning investors of a possible collapse in less than one year. Quarterly l... Read More...
Pandora Death Watch: Stock Sinks Below $5 as Users Flee App

Pandora Death Watch: Stock Sinks Below $5 as Users Flee App

Daniel Sanchez
November 10, 2017
2
Is it now too late for Pandora Radio to turn things around? 850,000 users gone each month.  8 million active listeners have left the platform in nine months.  $1 billion lost in four years.  Advertising fail... Read More...

Pandora Is Losing 850,000 Listeners a Month. Now for the Bad News…

Paul Resnikoff
November 3, 2017
9
That's 8 million users gone in 9 months, according to Pandora's latest disclosures.  What could be worse than that?  Well... Listeners are abandoning Pandora in droves, according to shocking disclosures issu... Read More...
Streaming Has Already Generated $1 Billion for Sony Music This Year

Streaming Has Already Generated $1 Billion for Sony Music This Year

Daniel Sanchez
October 31, 2017
As fans move away from digital downloads and physical formats, music streaming brings in over $1 billion at Sony Music. For the first quarter of 2017, Sony Music reported an impressive 18.8% sales and operat... Read More...

SoundCloud Won’t be Profitable Until 2020, Latest Filing Shows

Paul Resnikoff
September 11, 2017
1
SoundCloud may need more than its $170 million 'emergency funding' pile to survive.  According to financial projections and filings shared with Digital Music News, this is gonna take awhile. Should they have... Read More...
Major Labels Are Making $14.4 Million a Day From Streaming

Major Labels Are Making $14.2 Million a Day From Streaming

Daniel Sanchez
September 5, 2017
5
With the “Big 3” bringing in huge revenue from streaming, will artists get their fair share? A new study shows that the three major labels – UMG, WMG, and Sony Music – collectively earn $14.2 million a day i... Read More...

Songkick Faces Collapse After Burning Through $61 Million In Funding

Daniel Sanchez
August 29, 2017
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Without a solid business model, Songkick’s lawsuit against Ticketmaster ultimately sank the once-promising company. Two years ago, concert discovery and ticket sales startup Songkick filed a lawsuit against ... Read More...

In 2004, Warner Music Was Sold for $2.6 Billion. This Year Alone, WMG’s Revenues Have Already Hit $2.7 Billion

Paul Resnikoff
August 8, 2017
4
Who says Spotify doesn't pay?  Warner Music Group is now one of the biggest beneficiaries of a streaming kaboom. It was a dump-off deal from a financially-strapped media conglomerate.  In 2004, Time Warner d... Read More...
Downloads Are Absolutely Crashing at Sony Music Entertainment

Downloads Are Absolutely Crashing at Sony Music Entertainment

Daniel Sanchez
August 1, 2017
Digital downloads are way, way down at Sony Music Entertainment. For the first quarter of 2017, Sony Music has reported an impressive 18.8% sales and operating revenue gain year-over-year to ¥168.8 billion (... Read More...
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    Will the Music Industry Ever Get a Handle on Rightsholder Payouts?

    Digital formats have been around for decades. So why is the music industry still struggling with sluggish payouts, met... Read More...
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