Tag: financials

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LiveXLive financials reveal revenues of $10.5m for Q2 2020

US music-streaming and livestreaming company LiveXLive has published its latest financial results, including a new record for quarterly revenues: $10.5m. That's in the second quarter of 2020 (its fiscal Q1), with those...
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‘Concerts are worth the wait’ in 2021 promises Live Nation

In the early weeks of the global Covid-19 crisis, some concerts were optimistically postponed until the autumn. Now Live Nation has offered its verdict on when we'll be back gigging properly. "Our expectation is that live...
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Sony Music’s recorded music revenues fell by 10.5% in Q2

The figures are in for all three major labels, with Sony Music's latest quarterly financials published yesterday as part of its parent corporation's.  MBW has the yen-to-dollar analysis: Sony Music's recorded music revenues...
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WMG boss: ‘We’re very happy that Spotify is investing in podcasting’

Having published its latest financial results this morning, Warner Music Group held its quarterly earnings call this afternoon, with CEO Steve Cooper and CFO Eric Levin fielding questions from analysis. One of those questions...
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WMG revenues down 4.5% year-on-year but digital still growing

Warner Music Group has published its latest quarterly financial results, for its fiscal third quarter (calendar Q2). They reveal the impact that the Covid-19 pandemic continues to have on its business. WMG generated revenues...
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Spotify Q2 2020 financial results reveal Covid-19 impact

The early weeks of the Covid-19 pandemic's global spread didn't hamper Spotify's growth in the first quarter of this year. But how about Q2, the first full quarter (near enough) of lockdowns, furloughs and financial uncertainties...
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Twitter in ‘very early’ phase of exploring subscriptions

The key Covid-19 trends for social media seem clear: spikes in users and engagement (because lots more people are at home doomscrolling through their feeds) but big challenges to ad revenues, with brands holding back their...
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Netflix share price drops after cautious growth forecasts

Netflix added 10.1 million paying subscribers last quarter, up from 2.7 million in Q2 last year, according to its latest financial results. So far in 2020 it has added 26 million 'paid memberships', nearly as many as the...
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MelodyVR’s 2019: £195k of revenues and a £15m net loss

Virtual reality music startup MelodyVR has published its financial results for 2019. The company's revenues were £195k ($242k) last year, down from £1.2m in 2018. MelodyVR's content sales – people paying to watch...
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Warner Music Group launches its IPO – we’ve been filleting the filing

Warner Music Group's initial public offering launches today, with the music group offering 70m shares in a public offering whose price is expected to be between $23 and $26 per share. "The offering consists entirely of...
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Napster needs outside funding within the next 12 months

Tech firm RealNetworks has published its quarterly financial results, including as usual figures for music-streaming firm Napster, in which it holds an 84% stake. Napster’s subscription revenues grew from $24.3m in...
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Facebook financials reveal ‘significant’ Covid-19 impact

You’d be forgiven for the tart reply ‘Well of course they do’ – even the world’s largest social network can’t be immune from the Covid-19 pandemic’s economic impact. “We experienced...