Tag: financials

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Hipgnosis financials reveal $1.59bn spending on catalogues

Like you, we’ve been following every announcement of a songwriting catalogue snapped up by Hipgnosis Songs Fund with fascination. Now we can dig through the latest figures from the company, courtesy of this morning’s...
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LiveXLive financials show a $10.2m loss for Q3 2020

US livestreaming and podcasts firm LiveXLive is a public company, so it’s one of the few companies in that space whose numbers we get quarterly insights into. The numbers for Q3 follow its historical pattern: growing...
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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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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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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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Socan reveals 2019 financials and plans to sell Dataclef assets

Canadian collecting society Socan has published its financial results for 2019. Its collections grew by 8.2% to $405.6m, including a 37.6% increase for its digital collections to $86m. However, distributions to its members...
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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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MelodyVR posts £10.5m operating loss for first half of 2020

Virtual reality startup (and future Napster owner) MelodyVR published its half-yearly results this morning. The company generated just £189.9k of revenues in the first six months of 2020. Royalties and content creation...
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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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Sony Music’s recorded music revenues grew 11% year-on-year

Sony Corporation’s latest quarterly financials came out yesterday, and they revealed a strong quarter for Sony Music. Its Q3 recorded music revenues grew by 11% year-on-year to $1.16bn, including 19% growth in streaming...
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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...
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Pandora now has 58.6m monthly active listeners

US satellite-radio firm SiriusXM published its latest financials yesterday, revealing that it now has nearly 30.5 million 'self-pay' subscribers to its service, having added 169,000 in the third quarter of this year. Its...