Tag: financials

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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...