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German Music Industry Annual Revenues Cross the 2 Billion Euro Mark for the First Time in Two Decades

Raha Muhammad
March 2, 2023
BVMI revealed that the German music industry generated €2.07 billion in 2022. This is not the first time the German music industry has hit the €2 billion mark — though it's been a while. Back in 2002, the in... Read More...
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Earlier this week, Alliance Entertainment completed its merger with a special purpose acquisition company (SPAC) – while also revealing that it wouldn’t list on the NYSE after all. Now, the deal has failed to... Read More...

Alliance Entertainment Completes SPAC Merger, Sets Sights on ‘Acquiring and Integrating Competitors’

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Last summer, Alliance Entertainment announced plans to execute a special purpose acquisition company (SPAC) merger. Now, despite the SPAC sector’s relative collapse, the deal has officially wrapped. Allianc... Read More...
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Beyonce's line of streetwear fashion with Adidas is struggling with weaker-than-expected sales. Adidas' partnership with the singer's Ivy Park clothing brand hasn't reached sales expectations, reports the Wa... Read More...
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The 1975 is announced as the official ambassadors of Record Store Day UK 2023, following previous ambassadors like Taylor Swift, Noel Gallagher, Elton John, and The Big Moon. Record Store Day UK has announce... Read More...
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Warner Music Group has released its second annual Environmental Social Governance (ESG) report. It reveals the music company is continuing its shift away from 180g vinyl to reduce environmental impact during ... Read More...
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What Are the Best-Selling Albums of All Time?

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What are the best-selling albums of all time? We look at the top ten based on total certified copies sold versus claimed copies sold -- and why it's so difficult to determine how many copies an album sells. ... Read More...
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Sweetwater has announced it reached $1.57 billion in sales for 2022, achieving revenue growth of 9.5% YoY. This marks the third consecutive year that Sweetwater has managed to break the $1 billion revenue ma... Read More...
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Live Nation Alternative Ineffable to Waive All Venue Merch Fees for Artists

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Live Nation alternative Ineffable to waive all venue merch fees for artists in a continued push for a more equitable music business. All venues owned or operated by Ineffable Live, Ineffable Music Group's li... Read More...
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Pink Floyd Releases Massive $300 ‘Dark Side of the Moon’ Box Set

Ashley King
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Pink Floyd releases a monster-sized, $300 'Dark Side of the Moon' box set. Warner Music and Sony Music announced the upcoming release of Pink Floyd's The Dark Side of the Moon as a deluxe box set in celebrat... Read More...
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UK Music Industry Sales Cracked $2.4 Billion During 2022 As Vinyl Outsold CDs For the First Time Since 1987, Report Shows

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January 10, 2023
Thanks largely to continued streaming and vinyl growth, UK music industry sales increased by about three percent during 2022 and approached £1.99 billion, according to a newly released preliminary report. T... Read More...
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Vinyl Sales in the US Hit Highest Levels Since 1991 – Report

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Vinyl sales in the United States have reached highs not seen since 1991 thanks to the holidays.  Data from Luminate shows that 2.32 million vinyl albums were sold in the week ending December 22–the last week... Read More...
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