Gaana financials include growth in subscriptions revenue
We’ve seen lots of big numbers this year for the amount of people streaming music in India, but what is that growth in listeners meaning for the underlying financials of the platforms providing those streams? One of the...
November 11, 2019
Napster Q3 revenues fell by 21.6% year-on-year to $27.3m
Technology firm RealNetworks has published its latest quarterly financial results, and as usual, they include figures for Napster, its music-streaming subsidiary. The key figure: $27.3m. That’s Napster’s revenues...
November 6, 2019
Facebook revenues up 29% to $17.65bn in third quarter of 2019
Facebook was another of the tech/media companies announcing its latest quarterly financial results yesterday. For all its political and regulatory difficulties, the social network continues to be a powerhouse of a business....
October 31, 2019
Apple services revenue hits a new quarterly record of $12.5bn
Apple reported its financial results for its fiscal fourth quarter yesterday (in calendar terms, the third quarter of 2019). The company’s revenues grew by 1.8% year-on-year to $64.04bn, helping Apple to turn a net profit...
October 31, 2019
Analyst suggests YouTube could be worth $300bn if spun off
Here’s a new ‘value gap’ for you to ponder. Spotify has a market cap of $24.44bn at the time of writing, while Tencent Music’s is $22.86bn. But if YouTube were to be spun out from Alphabet as a standalone company,...
October 30, 2019
Report claims Bytedance revenues have grown sharply in 2019
TikTok parent company Bytedance hasn’t published official financial results, but Reuters has an exclusive report claiming insight into the company’s “better than expected” performance in the first half of 2019....
October 1, 2019
Sonos revenues grew by 25% last quarter as losses narrowed
Sonos is feeling chipper about its latest financial results: the speaker-maker’s revenues grew by 25% year-on-year to $260m in the second quarter of 2019, including a 61% bump for sales (in dollar terms) of its Sonos One...
August 9, 2019
Sony Music reports 27% growth in its streaming revenues
We had Universal Music’s latest financials last week, but yesterday it was Sony Music’s turn, fresh from news that its non-Japanese recorded-music and publishing businesses are coming together as Sony Music Group. The...
July 31, 2019
Amuse-commissioned study explores independent-artist revenues
Midia Research’s latest report explores the burgeoning independent-artists sector, commissioned by one of the companies – Amuse – that’s trying to help those independent artists break through. Some of its findings...
July 11, 2019
Spotify’s relationship with publishers hits the rocks – again
A new Spotify / music publishing story broke on Friday, but there’s a bigger picture here: the increasingly-dispiriting story of the streaming service’s approach towards the publishing community, as well as the perception...
June 24, 2019
Mixcloud breaks down its revenue-sharing model for curators
Streaming service Mixcloud launched its Mixcloud Select program in December 2018, enabling listeners to subscribe to individual curators (or channels) for a monthly fee of $2.99 or above. Now the company has been explaining...
June 14, 2019
China’s music industry discusses social music-promotion
This weekend saw the ‘WISE’ conference take place in Beijing, with a lineup of Chinese and international speakers from the music and media industries. Music Ally was there to report back on some of the discussions relating...
May 20, 2019