Report claims global recorded music revenues grew 7% in 2020
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...
March 16, 2021
Universal Music Group’s revenues grew by 3.8% in 2020
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...
March 4, 2021
Amazon posts its first $100bn quarter as CEO Bezos steps down
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...
February 3, 2021
YouTube advertising revenues grew 46% to $6.9bn in Q4 2020
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...
February 3, 2021
WMG posts record revenues as streaming growth continues
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...
February 2, 2021
Facebook and Apple revenues booming despite Covid-19 pandemic
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...
January 28, 2021
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...
January 15, 2021
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....
January 7, 2021
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...
December 7, 2020
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....
November 20, 2020
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...
November 12, 2020
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...
November 5, 2020