PRS for Music paid out £527.6m to members in 2016
UK collecting society PRS for Music has announced record figures for 2016, including payouts of £527.6m to its members – the first time it’s surpassed the half-a-billion milestone. That represented an 11.1% year-on-year...
April 21, 2017
Netflix has just reached 100m subscribers milestone
Well, the video-streaming service was expecting to have hit that milestone by now, according to its latest financial report. “We expect to cross the 100 million member mark this weekend,” explained the company. “It’s...
April 18, 2017
Napster financials show its net losses more than halved in 2016
Streaming service Napster saw its revenues rise by just 3% in 2016, but it managed to cut its net loss for the year by more than half. The figures are revealed in a recent financial filing by RealNetworks, which continues...
March 24, 2017
MelodyVR promises ‘aggressive expansion’ and hints at AR move
Startup MelodyVR has published its annual financial results, revealing a net loss of £2.6m in 2016 as it geared up to launch its musical virtual-reality app. The British startup’s parent firm EVR Holdings is a public...
March 14, 2017
7digital raising £3m and in talks to acquire 24-7 Entertainment
There is more consolidation afoot in the B2B digital-music space, with 7digital announcing this morning that it has agreed heads of terms to acquire European rival 24-7 Entertainment from its current owner MediaMarktSaturn. The...
March 10, 2017
Streaming overtakes physical sales for Universal Music
This is not a surprising milestone, but a notable one nonetheless: Universal Music Group made more money from streams of its recorded-music catalogue in 2016 than it did from physical sales. According to parent company...
February 24, 2017
Mobile games giant Supercell’s revenues flattened in 2016
Along with Candy Crush Saga publisher King, Finnish firm Supercell has been one of the biggest stars of the lucrative mobile games industry. We covered its last set of financial results – €2.1bn revenues and an €848m...
February 16, 2017
Nicki Minaj mobile game made $600k in December 2016
Mobile games publisher Glu Mobile has revealed that players spent $600k within its Nicki Minaj: Empire game between its release on 8 December and the end of that month. The figure was divulged in the company’s quarterly...
February 9, 2017
Pandora in 2016: $1.39bn revenues and a $343m net loss
Pandora has announced its financial results for the final quarter of 2016, as well as the full year. The story for the streaming service: growth in both its revenues and its net losses. Pandora reported $392.6m revenues...
February 9, 2017
WMG says current music-streaming growth is ‘just a drop in the bucket’
Warner Music Group’s recorded-music business generated $311m from streaming in the final quarter of 2016 – its fiscal Q1 – taking it to more than $1bn for the last calendar year, according to its latest financial results. The...
February 8, 2017
Sony Music sales were down in 2016 – or possibly up
The ups and downs of the international currency markets can make reporting on financial results something of a headache. Witness Billboard’s coverage of Sony Music’s latest financials for an example. On the pure figures...
February 3, 2017
Snapchat IPO filing reveals 158m daily users and $404.5m annual revenues
Snapchat's parent company Snap, Inc has published its long-awaited IPO filing, as the company prepares to go public. It makes fascinating reading for anyone who's been following the growth of the app. Here are some of...
February 2, 2017