BMI sets new revenue and distribution records despite Covid-19
We’re in a peculiar time right now, where despite the impact of the Covid-19 pandemic on individual musicians’ incomes, we’re also seeing announcements by industry bodies, major music companies and collecting...
September 10, 2020
Despite Covid-19 German recorded music revenues are up 4.8%
Germany is the fourth biggest recorded music market in the world, behind only the US, Japan and the UK. Physical sales are still an important part of its market (like Japan) too, so the Covid-19 pandemic has been a worrying...
August 21, 2020
Hipgnosis Songs Fund seeks £200m of new equity financing
Hipgnosis Songs Fund has been snapping up a series of publishing catalogues in big-money acquisitions, and it has no plans to stop – but it needs another injection of funding to fuel its ambition. “With over £1...
July 6, 2020
Stop Hate for Profit campaign targets Facebook ad revenues
Long-running complaints about the proliferation of hate speech on social media – and the perceived unwillingness of some platforms to properly tackle the challenge – is bubbling up into a new campaign called ‘Stop...
June 29, 2020
LiveXLive reports record revenues – but also increased losses
LiveXLive is the US-based company that’s been increasingly active around music livestreaming, as well as owning audio-streaming service Slacker. The firm has announced its financial results for its fiscal year 2020,...
June 22, 2020
ByteDance and TikTok revenues under the microscope again
The rise of TikTok, and the assorted controversies around it, have meant there’s a lot more scrutiny of the economics of the app and its parent company ByteDance. Which is welcome for the music industry, as rightsholders...
June 18, 2020
Livestreaming festival ‘Live From Out There’ has grossed $600k
Without wanting to go Jerry Maguire on you, the area of music livestreams is increasingly very much a ‘Show me the money!’ thing. Both in terms of the money being chased by publishers and collecting societies...
June 18, 2020
Covid-19 tipped to spur 21% drop for French recorded music biz
Earlier this year, Spanish industry body Promusicae predicted a €100m hit to recorded music revenues in Spain this year due to the Covid-19 pandemic. Now French body SNEP has come out with a comparable prediction for...
June 16, 2020
Swedish collecting society STIM’s revenues grew 15% in 2019
STIM is the main collecting society in Sweden, and like many of its counterparts around the world, it enjoyed healthy growth in its royalty collections last year. According to its annual report, STIM’s revenues grew...
June 12, 2020
NMPA reveals US publishing revenues grew by 11.6% in 2019
US publishing body the NMPA held its annual meeting yesterday – the first time it’s been online. It included some new stats from president and CEO David Israelite. He revealed that US publishing industry revenues...
June 11, 2020
Bandcamp’s latest rev-share waiving day has special releases
Today is the third in Bandcamp’s series of days where it waives its revenue share for music and merchandise sold by artists on its site. As before, a number of labels are also waiving their own revenue share, to ensure...
June 5, 2020
Kobalt chairman thinks publishing revenues will dip in 2020
Recently, Goldman Sachs published a report with new predictions for music industry revenues in 2020, Covid-19 impact included. It forecast a 75% drop for live music revenues, but growth of 3% for recorded music and 3.5% for...
June 3, 2020