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German PRO GEMA reports 5% growth in revenues for 2017

German collecting society GEMA announced its latest financials yesterday, with its revenues growing by 5% to €1.07bn in 2017. The PRO also hailed the latest lowering in its costs – now down to 15% – despite continued...
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British labels’ 10.6% revenue rise is ‘fastest since Britpop’

British industry body the BPI has published its official label-income figures for 2017, covering recorded-music revenues in the UK. They show a 10.6% rise to £839.4m, with the chosen angle being that this is the fastest...
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Kobalt revenues and losses both increased in last fiscal year

Music firm Kobalt’s latest financial results show that its revenues grew by 23.5% to $321m in its last fiscal year, which ended on 30 June 2017. However, the group’s operating loss grew by 45.6% to $24.3m, while its...
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Amazon doubled its music subscribers in the last six months

The last public estimate of Amazon’s music subscribers was 16 million in October 2018: a stat that covered both its basic-tier Prime Music service and its full Amazon Music Unlimited. How is it growing? Music boss Steve...
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Report claims Apple’s music app has 49.5m users in the US

Research firm Verto Analytics has put out some new numbers comparing Apple Music and Spotify in the US, but it’s important to understand exactly what it’s measuring. And what it isn’t. “This month’s Verto Index...
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Indian firm T-Series is adding 3m YouTube subscribers a month

Indian music giant T-Series has long been one of the most popular channels on YouTube, and its growth is continuing apace. Its film-music focused catalogue has just reached a new milestone on Google’s video service: more...
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Spotify ‘super trials’ boost its quarterly subscriber gains

It’s hardly a shock to suggest that Spotify’s $1-for-three-months premium trials increase its subscribers. But Midia Research has calculated how much this boost is worth. “On average, Spotify’s global subscriber...
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Spotify expects to have up to 96m subscribers by Christmas

Spotify has published some guidance on its financial outlook for 2018, including predicting that it will have 92-96 million premium subscribers by the end of the year. That would represent annual growth of between 30%...
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US recorded-music revenues rose 16.5% in 2017 to $8.72bn

US industry body the RIAA has published its figures for recorded-music revenues in 2017, and they show a 16.5% rise in ‘estimated retail value’ to $8.72bn. That represents accelerating growth, after an 11.4% rise in...
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Spotify, Pandora and Apple Music attract US young adults

Research firm Morning Consult has published the results of its latest survey, of 2,201 American adults, focusing on the music-streaming market. It found that 30% said they have a Pandora “subscription”, while 21% have...
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Report: Spotify genres/moods playlists have 370m+ followers

Analytics firm Chartmetric has published its latest deep-dive into Spotify’s playlists ecosystem, reporting that the streaming service’s genres and moods playlists have more than 370 million combined followers. Yes, obviously...
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Indie labels see boom in payouts from Latin American streaming services

Indie-labels licensing agency Merlin says that its members’ earnings from Latin America have grown five-fold in the last three years, fuelled by music-streaming services. The company expects to generate more than $60m...