Vivendi set for Tencent UMG investment, plus interest from others
Vivendi’s latest quarterly financial results yesterday provided us with an update on the company’s plans to sell up to half of Universal Music off to partners. Talks with Tencent to buy up to 20% of UMG continue: Vivendi said that...
October 18, 2019
Netflix sees ‘modest headwind’ created by new streaming rivals
Shares in video-streaming service Netflix rose last night, after the company announced its latest financial results. This, despite actually missing one of its key targets for the third quarter of 2019. “In Q3, we grew to...
October 17, 2019
Mixcloud posted revenues of £2.4m in 2018 – and a £3m loss
Audio-streaming service Mixcloud has published its financial results for 2018 through Companies House in the UK: and unlike in previous years, the accounts have been published without a small-company exemption, thus giving...
October 16, 2019
Entertainment One’s pre-tax losses grow to £43.9m
Entertainment One (eOne), which owns Peppa Pig among other media properties, has reported that its pre-tax losses for the first fiscal quarter grew to £43.9m – significantly up from £6.8m a year earlier. Revenues dropped...
October 14, 2019
Shazam financials reveal it added 78m users in 2018
Shazam reached 478 million annual active users in 2018, which is 78 million more than in the previous year. The company’s revenues fell by 23% to £31.4m last year, but it swung from a loss of £17.7m in 2017 to a profit...
October 9, 2019
BMG boss suggests major-label valuations are overblown
BMG’s chief executive Hartwig Masuch has been taking his latest potshots at the three major labels, this time focusing on whether their cost structures will prove unwieldy as deals tip more in favour of artists, from frontline...
September 3, 2019
iHeartMedia publishes financials as CEO ignites Spotify spat
US radio group iHeartMedia has published its latest quarterly financial results, revealing that its revenues grew by 2.4% year-on-year to $913.3m in the second quarter of 2019, including a 32.8% increase in digital revenue....
August 16, 2019
LiveXLive revenues grew in Q2 but its losses widened slightly
US digital music company LiveXLive has published its latest financial results, which show that its revenues grew by 25.1% year-on-year to $9.5m in the second quarter of 2019. However, the company’s net losses also widened...
August 9, 2019
Sonos revenues grew by 25% last quarter as losses narrowed
Sonos is feeling chipper about its latest financial results: the speaker-maker’s revenues grew by 25% year-on-year to $260m in the second quarter of 2019, including a 61% bump for sales (in dollar terms) of its Sonos One...
August 9, 2019
WMG boss: streaming isn’t the only reason for industry growth
Warner Music Group published its latest quarterly financials yesterday, with its revenues up 10.4% year-on-year to $1.06bn, including 12.5% growth in its digital revenue to $648m – 61.2% of the total. Within that, WMG’s...
August 7, 2019
Notes of interest from Spotify’s Q2 2019 earnings call
It’s no secret: Spotify’s earnings calls aren’t meant to be interesting. They’re an exercise in repeating key corporate messages; parrying tricky questions; and striving not to say anything that will spook the Wall...
July 31, 2019
Spotify’s Q2 2019: 108m subscribers, €1.67bn revenues, and a €76m net loss
Spotify has published its financial results for the second quarter of 2019, revealing that the streaming service added 15 million new listeners including eight million paid subscribers during Q2. Spotify ended June 2019...
July 31, 2019