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YouTube now has more than 2bn monthly music users

In mid-2018, YouTube said that more than one billion people visited it every month to consume music. Two and a half years later, that total has doubled to more than two billion. The new milestone has been announced this...
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Big Hit Entertainment revenues grew by 54% in Q3 2020

Now that it's gone public, Korean music company Big Hit Entertainment will be delivering quarterly financial results. The first since its IPO revealed that its revenues grew by 54% year-on-year to 190bn won (around $171m)...
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IFPI report breaks down music’s €81.9bn annual value for EU

As the music business scraps it out with every other industry for Covid-19 relief, a key part of its argument has been the economic value created by the industry. An aspect that's at least well-rehearsed, since it is also...
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Blokur analysed 100 livestreams for publishing copyrights

Twitch may be catching most of the flak right now from music rightsholders, but questions around livestreams and licensing apply much further than the Amazon-owned company. One thing that would help rightsholders and collecting...
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TikTok tipped to reach 1.2bn monthly active users in 2021

Mobile analytics firm App Annie is predicting that TikTok will have more than 1.2 billion monthly active users by the end of 2021, after crossing the one billion mark this year. That would be some growth: figures published...
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Tencent Music now has 51.7m online music paying users

Tencent Music published its latest financial results this morning, revealing that it ended Q3 with 51.7 million online music paying users across its three streaming services in China. That's 4.6 million more than the...
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Report claims mental wellness is a $120.8bn market

We've been writing a fair amount about music's intersection with the 'wellness' industry, from mindfulness apps like Calm and Headspace to fitness startups like Peloton. Now there's a new report that's trying to quantify...
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NetEase Cloud Music now has 200k independent Chinese artists

Chinese streaming service NetEase Cloud Music has published a report hailing the fact that the number of Chinese independent musicians on its platform has doubled in the last year. There are now more than 200,000 of them,...
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Live Nation publishes financials, sees ‘signs of promise’

There are few surprises in the latest quarterly financial results for Live Nation. Revenues were down 95% year-on-year – slashed from $3.77bn in Q3 2019 to just $184m a year later. The live giant reported an operating...
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Q3 financials overload: Facebook, Amazon, Twitter…

It wasn't just Alphabet, Spotify and Apple publishing their latest financial results yesterday: Facebook, Amazon and Twitter were at it too. Here's a precis of the key figures. Facebook's revenues grew by 22% year-on-year...
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Apple publishes financials and launches Apple One bundles

Apple's latest quarterly financials came out yesterday, but there was no new figure for Apple Music subscribers for analysts to digest. The company merely said that its music service set another quarterly record for revenue,...
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Spotify Q3 financials reveal it now has 320m users and 144m subscribers

Music streaming service Spotify has announced its latest quarterly financial results. The company ended Q3 with 320 million monthly active users, having added 21 million during the quarter. Meanwhile, Spotify’s subscriber...