Tag: revenues

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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...
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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....
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OnlyFans says it is paying more than $200m a month to creators

In August, Cardi B became the most prominent musician yet to launch a subscription on membership community OnlyFans, which had previously been known mostly for its use stars of the adult entertainment world. Cardi B charged...
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Roblox IPO filing reveals revenues, users… and music threats

Fresh from attracting more than 33 million people to a virtual performance by Lil Nas X, gaming platform Roblox has filed for its IPO, revealing lots more information about its business than has previously been published....
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ByteDance tipped to make $27bn of ad revenue in China this year

ByteDance may be waiting to find out what’s happening with its proposed divestment of TikTok in the US, but business is going pretty well back home in China. Reuters reported that the company is “on track to...
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Socan reveals 2019 financials and plans to sell Dataclef assets

Canadian collecting society Socan has published its financial results for 2019. Its collections grew by 8.2% to $405.6m, including a 37.6% increase for its digital collections to $86m. However, distributions to its members...
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YouTube now has 30m music and premium subscribers globally

YouTube’s parent company Alphabet reported another big quarter yesterday. Despite the Covid-19 pandemic’s impact on the advertising market, Alphabet’s Q3 revenues were up by 14% year-on-year to $46.17bn,...
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Sony Music’s recorded music revenues grew 11% year-on-year

Sony Corporation’s latest quarterly financials came out yesterday, and they revealed a strong quarter for Sony Music. Its Q3 recorded music revenues grew by 11% year-on-year to $1.16bn, including 19% growth in streaming...
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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...