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
Report claims global recorded music revenues grew 7% in 2020
Midia Research has done it again: put its estimates for global recorded music revenues out ahead of the official stats from the IFPI. It’s now an annual tradition, and one that has caused a certain amount of tension...
March 16, 2021
Universal Music Group’s revenues grew by 3.8% in 2020
Universal Music is the latest major label to publish financial results showing that its business rode out the Covid-19 storm in 2020. UMG’s revenues for the year grew by 3.8% to €7.43bn (around $8.95bn) – or by...
March 4, 2021
Amazon posts its first $100bn quarter as CEO Bezos steps down
Apple posted its first ever $100bn-revenues quarter last week, and now Amazon has hit the same milestone. In fact, Amazon’s net sales grew by 44% year-on-year to $125.6bn in the fourth quarter of 2020, fuelled by...
February 3, 2021
YouTube advertising revenues grew 46% to $6.9bn in Q4 2020
Google and YouTube’s parent company Alphabet published its latest financial numbers yesterday, including advertising revenue figures for YouTube. They show a big bounce-back from the initial hit caused by the Covid-19...
February 3, 2021
WMG posts record revenues as streaming growth continues
What pandemic? The final three months of 2020 (WMG’s fiscal Q1) saw the major label generate the most quarterly revenue in its history as a standalone firm. WMG’s revenues were up 6% year-on-year to $1.34bn last...
February 2, 2021
Facebook and Apple revenues booming despite Covid-19 pandemic
Facebook and Apple both announced their latest quarterly financial results yesterday, with strong growth in revenues despite the Covid-19 pandemic. Facebook’s Q4 revenues were up by 33% year-on-year to $28.07bn, helping...
January 28, 2021
Tidal bidco’s revenues grew by 13% in 2019 to $166.9m
Project Panther Bidco was the investment vehicle used by Jay-Z to buy streaming service WiMP in 2015, and since it’s headquartered in the UK, it publishes financial accounts there. Those provide an insight into how...
January 15, 2021
Report: games and interactive media made $139.9bn in 2020
It isn’t news that the games industry is now much bigger than the recorded music industry, and rather than that getting us down, it should fuel our excitement about the potential collaborations between the two industries....
January 7, 2021