LiveXLive reports $9.2m of revenues but a $9.7m loss in Q1
Music firm LiveXLive, which focuses on streaming concerts as well as its Slacker audio-streaming service, has published its latest quarterly financial results. The company’s revenues grew by 29% year-on-year to $9.2m in...
June 14, 2019
UK Music boss calls for investigation into PledgeMusic collapse
Crowdfunding firm PledgeMusic’s imminent administration looks set to get messy, with the inevitable scrutiny of how the company got into a financial hole – and crucially, what happened to the money raised by artists...
May 13, 2019
MelodyVR reports net loss of £11.3m as Beat Saber reveals 1m sales
Virtual-reality music startup MelodyVR has published its financial results for 2018, which was its first full year of availability for its app. The company reported revenues of £1.2m ($1.6m) for the full year, but also...
May 9, 2019
PledgeMusic goes into pre-administration: report
Hypebot is reporting that PledgeMusic has gone into pre-administration as its future now hangs in the balance. According to sources, a buyer for the troubled crowdfunding platform is still possibly in the wings seeking to...
May 7, 2019
Eventbrite share-price plunges after disappointing financials
Ticketing firm Eventbrite saw its share-price fall by 30% last night, after the markets reacted badly to its latest quarterly financial results. This, despite the company’s revenues growing by 9.1% year-on-year to $81.3m...
May 2, 2019
390m paid subs drive Apple quarterly service revenues to $11.5bn
Apple doesn’t report iPhone unit sales any more, although research firms are guessing: IDC thinks that iPhone shipments dropped by 30.2% year-on-year to 36.4m units in the first quarter of 2019 (Apple’s fiscal Q2)....
May 1, 2019
Filing: Amazon spent $1.7bn on music and video content in Q1
We reported on Amazon’s latest financial results last week. In the official filing, the company revealed a music stat! Albeit one bundled in with video. “Total video and music expense was $1.5 billion and $1.7 billion...
April 29, 2019
Spotify now has 100 million premium subscribers
Spotify has published its financial results for the first quarter of 2019, including a significant milestone: 100 million premium subscribers. That's up from 96 million at the end of 2018. and 75 million a year ago. Spotify...
April 29, 2019
Facebook financials strong despite looming multi-billion fine
Facebook’s latest quarterly financials show the company’s business rolling on, with revenues up 26% year-on-year to $15.1bn in the first quarter of 2018, and a net profit of $2.43bn. The latter figure is down from $4.99bn...
April 25, 2019
SiriusXM financials reveal continued decline in Pandora users
Satellite-radio firm SiriusXM published its latest quarterly financial results yesterday, and among the numbers revealed was a continued decline in streaming service Pandora’s users. Pandora had 66 million monthly active...
April 25, 2019
Twitter and Snapchat publish their latest financial results
Two social networks that have faced challenges around their user-growth published their latest quarterly financial results yesterday. So how are Twitter and Snapchat doing? Twitter’s financial numbers were good: revenues...
April 24, 2019
Universal Music Group generated €1.5bn of revenues in Q1
Vivendi published its latest financial results yesterday, revealing that its Universal Music Group subsidiary generated just over €1.5bn of revenues (around $1.7bn) in the first quarter of 2019, representing growth of...
April 16, 2019