You’ll need to speak Swedish (or have Google Translate and plenty of patience) to dig properly through production music company Epidemic Sound’s annual financials. Thankfully, the company has published an English-language summary too, revealing that its revenues grew by 49% to SEK 575m in 2020 (around $69.5m), while its net losses narrowed from SEK 185m in 2019 to SEK 147m (around $17.8m) last year.
It was certainly an eventful year for the company, with lows including laying off 19% of its staff in May 2020 as part of a ‘realignment’ of its business to focus more on digital platforms and clients. More recently, in March 2021, Epidemic Sound raised $450m of funding, which it said valued the company at $1.4bn.
Tools: platforms to help you reach new audiences
Tools :: Wyng
Through Music Ally’s internal marketing campaign tracking, we’ve recently discovered an interesting website by the…