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
390m paid subs drive Apple quarterly service revenues to $11.5bn
Apple doesn’t report iPhone unit sales any more, although research firms are guessing: IDC thinks that iPhone shipments dropped by 30.2% year-on-year to 36.4m units in the first quarter of 2019 (Apple’s fiscal Q2)....
May 1, 2019
TuneCore reaches $1.5bn payouts, cites YouTube and Africa growth
Music distributor TuneCore has hit its latest milestone: $1.5bn of distribution revenue for its independent artists. That’s after earnings of $83m in the first quarter of 2019, up 21% year-on-year. This follows a 28% increase...
April 30, 2019
Filing: Amazon spent $1.7bn on music and video content in Q1
We reported on Amazon’s latest financial results last week. In the official filing, the company revealed a music stat! Albeit one bundled in with video. “Total video and music expense was $1.5 billion and $1.7 billion...
April 29, 2019
Twitter and Snapchat publish their latest financial results
Two social networks that have faced challenges around their user-growth published their latest quarterly financial results yesterday. So how are Twitter and Snapchat doing? Twitter’s financial numbers were good: revenues...
April 24, 2019
Universal Music Group generated €1.5bn of revenues in Q1
Vivendi published its latest financial results yesterday, revealing that its Universal Music Group subsidiary generated just over €1.5bn of revenues (around $1.7bn) in the first quarter of 2019, representing growth of...
April 16, 2019
‘Organic growth’ helped BMG revenues grow by 7.5% in 2018
Music company BMG’s revenues grew by 7.5% in 2018 to €545m (around $615m) according to the latest financial results published by parent company Bertelsmann. CEO Thomas Rabe said that organic growth was key to the company’s...
March 27, 2019