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
SoundCloud financials reveal revenues grew to $102m in 2017
SoundCloud isn’t a public company, so it doesn’t have to publish its financial results every quarter: instead, it publishes annual figures some time after the year in question. Thus, yesterday it released its financial...
January 30, 2019
‘Streaming Price Bible’ reveals one label’s 2018 per-stream rates
Every year, artist-rights blog The Trichordist publishes a new ‘Streaming Price Bible’ comparing the latest per-stream rates for the main music-streaming services. This year’s went live this morning, based as ever on...
January 29, 2019
Analyst claims Instagram will make $14bn of revenues this year
Facebook doesn’t break out revenues for Instagram when publishing its financial results – just like Alphabet doesn’t give standalone figures for YouTube. That leaves a gap for analysts to fill with their own estimates....
January 23, 2019
Spotify has 200m users… but labels restless over falling ARPU
It should come as no surprise that Spotify ended 2018 with 200 million monthly active users (MAUs), since the company’s Q3 financials, published in early November, predicted that it would reach 199-206 million MAUs by the...
January 14, 2019
Midia predicts $643m of ‘artists direct’ revenues in 2018
Consultancy firm Midia Research has published its predictions for the size of the global recorded-music market in 2018. The headline figure is $18.9bn, which would represent 8.2% growth from 2017, matching that year’s increase....
December 19, 2018