Tag: revenues

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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...
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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...
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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...
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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...
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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,...
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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...
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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...
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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...
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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...
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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...
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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...
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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...