Tag: financials

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UMG financials impress as Liberty Media eyes sell-off stake

Media group Vivendi published its latest financial results yesterday, including figures for Universal Music Group. UMG’s revenues were up 13.3% year-on-year to just under €1.5bn (around $1.73bn). For UMG’s recorded-music...
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Report predicts that 2018 will be a $1.24bn year for esports

In our recent talk on esports at our Sandbox Summit conference, we noted that most of the figures cited about the competitive-gaming industry come from the same report – published earlier this year by research firm...
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Napster revenues still falling but service remains profitable

Technology firm RealNetworks has published its latest quarterly financial results, and that means we have some new numbers for Napster, the streaming service in which it retains a stake.
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Pandora financial results reveal subscriptions growth but active-listeners decline

US streaming service Pandora is in the process of being bought by satellite-radio company SiriusXM, but for now it remains an independent, public company. That’s why we got its latest quarterly financial results last...
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Live Nation hails ‘best quarter ever’ with 2018 on course to break records

In a big day for music-relevant financial results, Live Nation set new records with its Q3 numbers. “Live Nation had its best quarter ever, and we are on track to deliver another year of record results across revenue,...
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Wall Street life is tough – but that’s no surprise for Spotify’s management

The headaches of life as a public company are well known: the quarterly scrutiny of your financial and other business metrics leaving little room to hide, as well as the instant, often-brutal verdict of Wall Street as your...
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Snapchat and Twitter reveal their latest financial results

Snapchat versus Instagram may be the existential social-app battle of 2018 (and by that we mean it looks more existential for Snapchat) but yesterday gave us the chance to compare its performance with another social network,...
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Pandora sticks with SiriusXM acquisition as latter reveals latest financials

When US music-streaming service Pandora recently announced plans to be acquired by satellite-radio firm Sirius XM, it also revealed a ‘go-shop’ clause enabling it to seek out alternative buyers for a limited time. That...
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RIAA publishes US mid-year Latin music revenues report

We covered the RIAA’s mid-year 2018 figures for the US recorded-music market last month, but now the industry body has broken out some numbers for the Latin music market (in the US) separately.
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Spotify UK financials reveal growth in advertising revenues

Spotify’s UK subsidiary has published its financial results for 2017, and at first glance there’s a shock: revenues *down* by 55% year-on-year to £107.1m ($140.1m). However, that’s because Spotify started processing...
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Q2-Q3 may be the new Q4 according to Republic Records

Is it time to bid a fond farewell to the position of Q4 as the kingpin period of music revenues? A feature on Variety suggests that it might.
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10 things we learned from Tencent Music’s IPO filing

Tencent Music published its filing to go public last night. We’ve been filleting the document to pull out some of the most interesting data and strategic titbits on the Chinese digital-music company. 1.  The big figures Tencent...