Tag: revenues

Midia Research has done it again: put its estimates for global recorded music revenues out ahead of the official stats from the IFPI. It’s now an annual tradition, and one that has caused a certain amount of tension...

Universal Music is the latest major label to publish financial results showing that its business rode out the Covid-19 storm in 2020. UMG’s revenues for the year grew by 3.8% to €7.43bn (around $8.95bn) – or by...

Apple posted its first ever $100bn-revenues quarter last week, and now Amazon has hit the same milestone. In fact, Amazon’s net sales grew by 44% year-on-year to $125.6bn in the fourth quarter of 2020, fuelled by...

Google and YouTube’s parent company Alphabet published its latest financial numbers yesterday, including advertising revenue figures for YouTube. They show a big bounce-back from the initial hit caused by the Covid-19...

What pandemic? The final three months of 2020 (WMG’s fiscal Q1) saw the major label generate the most quarterly revenue in its history as a standalone firm. WMG’s revenues were up 6% year-on-year to $1.34bn last...

Facebook and Apple both announced their latest quarterly financial results yesterday, with strong growth in revenues despite the Covid-19 pandemic. Facebook’s Q4 revenues were up by 33% year-on-year to $28.07bn, helping...

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...

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....

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...

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....

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...

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...