Merlin maintains support for streaming music as revenues double
With equity in Spotify and a willingness to speak out whenever it feels its membership is being disrespected by digital services, licensing agency Merlin is a long-time backer of streaming as a model that can benefit the...
June 20, 2014
Big night for financial results as Apple and Facebook declare latest numbers
Apple and Facebook both published their latest quarterly financial results last night, to broadly positive responses from Wall Street. Apple generated $45.6bn of revenues and $10.2bn of net profit in the first quarter of...
April 24, 2014
Shazam’s last fiscal year saw revenues rise to £31m while losses narrowed to £2m
Apps firm Shazam Entertainment has published results for its last full financial year, ended 30 June 2013, and confirmed a new funding round led by Clifton Capital. Shazam's revenues rose 42% year-on-year to £31.02m, while...
March 28, 2014
Tipping point for UMG as digital revenues overtake physical
Digital music has been out-earning physical music in some countries for major labels for a while now, but yesterday saw a notable (if not surprising) tipping point for Universal Music Group. Its parent company Vivendi...
February 26, 2014
Omnifone financials reveal £6.1m loss after Rara balance-writedown
B2B digital music firm Omnifone Limited has published its latest financial results, for its fiscal year ending 30 April 2013. They reveal turnover jumping 58.9% year-on-year to £46.9m, but the company slipped from an...
February 10, 2014
Twitter ended 2013 with 241m active users, but investors concerned at growth trends
Twitter reported its first set of quarterly financial results as a public company last night, and got a sharp reminder of how it feels when investors aren’t confident about what you’re announcing. Twitter’s share...
February 6, 2014
Facebook’s mobile business growing apace, with plans for more standalone apps
You often see speculation that Facebook is under threat from mobile social networking apps, but it's about time we started talking about Facebook as a mobile social network itself. In its latest financial results yesterday,...
January 30, 2014
Apple financials: iTunes boom, iPod’s decline and record sales for iPhone and iPad
For all the chatter about competition from Android, Apple isn't on its uppers just yet. The company announced its latest quarterly financials last night, revealing $57.6bn of revenues and a $13.1bn net profit for the final...
January 28, 2014
7digital 2012 financial results reveal net loss of £2.3m
Digital music firm 7digital announced in November that it was entering merger talks with radio group UBC Media, having secured £1m from the company as a convertible loan note in advance of the anticipated deal. Now 7digital...
December 23, 2013
Spotify’s UK subsidiary reveals its 2012 financial results
Spotify's UK subsidiary has published its financial results for 2012, revealing that its revenues fell 4.1% year-on-year to £92.6m, due to a 10.6% drop in subscription revenues. The accounts for Spotify Ltd, published...
November 14, 2013
Facebook’s financials are strong but teenage drain spooks investors
Oh Facebook. The company's announcement of its latest quarterly financial results was going swimmingly yesterday, until a short comment about shrinking use of the social network by teenagers gave investors a pre-Halloween...
October 31, 2013