Tag: revenues

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Sony facing Spotify scrutiny in 19 Recordings lawsuit

The long-bubbling lawsuit between 19 Recordings and Sony Music is turning up its heat, with the American Idol-related company levelling new accusations concerning Sony’s deal with Spotify. Billboard reports that 19 is targeting...
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Beatport takes on SoundCloud with stream embeds – and royalties

Dance site Beatport launched an early version of its streaming service earlier this year, but now it’s stepping up its activity – with SoundCloud squarely in its sights. Yesterday, Beatport launched an embeddable player,...
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NMPA boss hopes Apple Music can grow streaming subscriptions

It sounds like a slightly doleful AGM for the National Music Publishers Association (NMPA), with the body talking about last year’s 2.5% drop in revenues for the US music publishing industry to $2.14bn. President David...
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CD Baby founder criticises Pandora over songwriter royalties

Pandora is getting it in the neck again over royalties – this time from the founder of distribution firm CD Baby. In an op-ed for TechCrunch, Derek Sivers points out that Pandora only pays “barely four percent” of its...
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Leaked Apple Music contract “pretty standard” but free three-month trial draws heat from A2IM

There was inevitable web-centric hysteria earlier this week when Digital Music News leaked a contract apparently give to an indie label that suggested it would get a 58% rate from Apple Music. DMN contrasted this with the...
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Snapchat is raising $650m from investors including Alibaba

Messaging app Snapchat has grown like a weed to 100 million daily active users, while striking a series of video licensing deals to launch its Discover section. How is it funding all this? Not from the small-but-growing advertising...
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Report claims global games market was worth $83.6bn in 2014

According to the IFPI, the global recorded music market generated revenues of $14.97bn in 2014. Compare that to a new report by research firm Newzoo claiming that the global games market was worth $83.6bn last year – not...
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Spotify and Rhapsody: Revenues & Losses May 2015

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Anti-piracy is still not paying off for Rightscorp

Tech news sites that aren’t keen on copyright-enforcement companies are crowing about the latest financial results from anti-piracy firm Rightscorp, although in fairness, those results do raise plenty of questions about...
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Apps up but music and other content down for Apple

Earlier this week, Apple hailed an impressive quarter for its App Store, with revenues up 29% year-on-year. It didn’t say anything about other iTunes Store content, but yesterday we got an idea why. Sales of music, video...
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Britney Spears getting mobile game from Kardashian publisher

Mobile games firm Glu Mobile has been making stacks of money with its Kim Kardashian: Hollywood game, and announced a few months ago that it was working on a similar title for Katy Perry. Now it’s adding another musician...
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Big Q1 numbers for SiriusXM

US satellite radio provider SiriusXM announced its first-quarter financial results last night, with revenues up 8% year-on-year to $1.08bn, and net profits up 12% to $106m. The company added 431k net new subscribers in the...