Latin Music still shining in the US with 35% growth
Its revenues grew by 35% to $886m in 2021, an all-time high, with streaming accounting for 96.7% of the total.
April 13, 2022
German recorded music revenues grew by 10% in 2021
The Covid-19 bounceback is real in Germany, at least for recorded music. Industry body BVMI reported its figures for 2021 yesterday.
March 4, 2022
Sony Music’s revenues grew by 23.9% in 2021 to $7.49bn
Sony Music's parent company published its latest financial results yesterday, including figures for its music business.
February 3, 2022
Apple posts record revenues and grows to 785m paid subscribers
Apple made a LOT of money in the final quarter of 2021: $123.9bn, which was a record holiday quarter for the tech giant.
January 28, 2022
NetEase Cloud Music prepares for IPO with 184m active users
NetEase is firing up the engines on the IPO for its music streaming service NetEase Cloud Music, and that includes some new figures on the size of the latter.
November 17, 2021
Tidal was the bulk of Square’s $58m ‘other’ revenues in Q3
Fintech company Square published its latest financial results yesterday, and there's now a music angle on its performance thanks to its majority stake in streaming service Tidal.
November 5, 2021
Spotify’s €1bn advertising year: ‘This business is accelerating’
“Not only did we have our biggest quarter ever for ads in Q3, but 2021 will mark the first time we will surpass €1bn in ad revenue,” CEO Daniel Ek told analysts.
October 28, 2021
YouTube ad revenues grew by 43% to $7.2bn in the third quarter
YouTube’s parent company Alphabet published its latest financial results yesterday, including stats for advertising revenues on its video service.
October 27, 2021
Apple’s 2020 App Store billings grew by 24% to $643bn
Apple’s latest salvo in the arguments (and, indeed, lawsuits and regulatory investigations) about its App Store is some new stats from last year. The company says that its App Store ecosystem “facilitated $643 billion...
June 3, 2021
Sony Music’s $400m social, gaming and fitness revenues
At the NY:LON Connect conference earlier this year, Warner Music Group’s Oana Ruxandra talked about three key pillars of new revenues for that label group: social, gaming and fitness. But WMG is far from alone in seeing...
May 27, 2021
Universal Music revenues grew by 2.2% year-on-year in Q1
After those early worries about music streams falling in the early weeks of the Covid-19 pandemic’s global lockdowns, it’s become clear that the recorded music industry – streaming services and labels included – is...
April 23, 2021
France recorded music revenues grew by just 0.1% in 2020
The 2020 figures are in for another big recorded music market, France, and they show only a tiny rise of 0.1% for the year of Covid-19. Industry body Snep’s annual figures showed revenues of €781m (around $935.3m) last...
March 18, 2021