Tag: revenues

Today is the third in Bandcamp’s series of days where it waives its revenue share for music and merchandise sold by artists on its site. As before, a number of labels are also waiving their own revenue share, to ensure...

Recently, Goldman Sachs published a report with new predictions for music industry revenues in 2020, Covid-19 impact included. It forecast a 75% drop for live music revenues, but growth of 3% for recorded music and 3.5% for...

German collecting society GEMA has published its numbers for 2019, reporting revenues of just under €1.07bn ($1.18bn), which was 4.9% more than 2018. Of that total, €905.6m was distributed to members and rightsholders,...

Last week, we were reporting on speculation that TikTok’s parent company ByteDance was being valued at more than $105bn in private trading of its shares. Now there’s some more information on how its business...

Sony Music had an impressive first quarter of 2020, with its recorded music revenues growing by 13.5% year-on-year to $1.07bn, fuelled by a 27.4% rise in streaming revenues to $641.7m according to MBW. However, Sony Music’s...

In the streaming and recorded music world, the impact of the Covid-19 pandemic on companies’ first-quarter financial results has been noticeable, but not enormous. Many of them expect the bigger hit, if it’s coming, to...

The RIAA has published its annual year-end report on Latin (recorded) music revenues in the US, revealing that they grew by 28% to $554m in 2019. That’s more than double the rate of growth of the overall US market,...

Twitter is the latest tech company to publish its results for Q1 2020, revealing that its quarterly revenues grew by 3% year-on-year to $808m, with a similar “strong start to the quarter that was impacted by widespread...

You’d be forgiven for the tart reply ‘Well of course they do’ – even the world’s largest social network can’t be immune from the Covid-19 pandemic’s economic impact. “We experienced...

It should come as no surprise that Covid-19 is figuring prominently in the Q1 financial results of every public company. Alphabet announced its figures yesterday, and warned that although its revenues were up 13% to $41.2bn...

US satellite radio firm SiriusXM published its Q1 financial results yesterday, including updated figures for its Pandora subsidiary. The good news for Pandora: its ad revenues were up 4% year-on-year to $241m. The not-so-good...

In the 1980s and 1990s, Bullseye was a popular darts-based British TV game show, complete with a ‘look at what you could have won’ element where losing contestants were shown the grand prize they’d just failed to win....