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
Report predicts $45.3bn of global streaming revenue by 2026
The rate of growth in global streaming revenues (retail, not trade) is going to slow down every year between now and 2026. Boo! But wait: those revenues are going to more than double between 2018 and 2026. Hurray! This is...
March 25, 2019
Subscription streaming now more than half UK labels’ income
New figures from industry body the BPI show that streaming subscriptions accounted for 54% of British labels’ income in 2018, as the revenue from these subscriptions grew by 34.9% year-on-year to £467.6m (around $615m)....
March 21, 2019
Report: YouTube generates 40% of Indian labels’ digital revenue
A report published by business association the Federation of Indian Chambers of Commerce and Industry (FICCI) includes some new estimates for the Indian music industry in 2018. It includes the claim that recorded-music revenues...
March 18, 2019
Report: TikTok’s parent company lost $1.2bn in 2018
The recent $5.7m settlement between TikTok and the US Federal Trade Commission was the biggest ever fine in a child-privacy case. But the amount pales next to the amount TikTok’s parent company Bytedance lost in 2018,...
March 7, 2019
US enjoyed third straight year of double-digit music growth
We won’t know the full figures on how 2018 went for the global recorded-music industry until next month, when the IFPI publishes its annual report. But based on the largest market in the world, the US, it’s going to be...
March 1, 2019
Esports economy tipped to pass $1bn for first time in 2019
When we wrote about the competitive-gaming (esports) market last year, we noted that many of the reports about that market’s size quoted from a February 2018 study by research firm Newzoo. Now it’s back again with some...
February 18, 2019