Last.fm’s revenues fell in 2013, but so did its losses
Last.fm’s latest set of financial results show the company’s tough times in 2013, as its revenues declined 22.8% to £4.92m, and its headcount dropped from 61 to 35. The latter is part of the reason for a brighter spot...
October 11, 2014
Metallica and Red Hot Chili Peppers sign up for Audiam
Audiam, the new company from TuneCore founder Jeff Price, started life as a way to help artists make more money from YouTube, but has since expanded into collecting royalties from a range of digital services. The company...
October 10, 2014
Rovio’s wings clipped as Angry Birds firm plans layoffs
We’ve written regularly about the growth of mobile gaming, with huge audiences and soaring revenues for the most popular games. There’s a flipside though: even one of the most famous modern mobile gaming brands...
October 8, 2014
EDM label Heroic Recordings’ Spotify revenues now rivalling Beatport
A guest column on Digital Music News by EDM label Heroic Recordings makes for very interesting reading. Founder Budi Voogt breaks down the label’s last quarter of income: 42% of its revenues came from Bandcamp – the...
September 27, 2014
Analyst firm claims YouTube is worth up to $40bn
We’ve developed a patent-pending technology for generating analyst forecasts for digital businesses. It’s basically a calculator, a blindfold and a pair of boxing gloves: you wear the blindfold, put on the gloves,...
September 4, 2014
Mobile games firms want star licences, but will the deals add up?
Have you played Kim Kardashian: Hollywood yet? If you’re involved in digital music marketing and/or artist management, you probably should. The mobile game has been a runaway success on iOS and Android, sparking (admittedly...
August 25, 2014
Rhapsody revenues up 22% year-on-year, but losses grow slightly
RealNetworks still has a stake in digital music service Rhapsody, and that means that when the former publishes its quarterly financial results, it includes data for the latter. RealNetworks’ Q2 financials came out late...
August 14, 2014
Netflix is about to pass 50m paying subscribers
Our quarterly glance into the world of the biggest TV/films streaming service, today, as Netflix announced its latest financials. The big number that’s being talked about most is the company’s growth past 50m paying subscribers:...
July 22, 2014
Visual social network Pinterest raises $200m in new funding
The funding numbers behind Pinterest are eye-boggling: it raised $100m in October 2012, $200m in February 2013, then another $225m in October. And now it has announced another $200m round. In total, Pinterest has now raised...
July 18, 2014
Spain bouncing back as music revenues rise in first half of 2014
Without wishing to reduce an entire nation down to football and music, in recent years Spain has been fabulous at football, but woeful at legal music revenues. In 2014, though, both have flipped. The less said about Spain’s...
July 17, 2014
Twitter’s Q1 saw it grow to 255m active users, generating $250m of revenues
Twitter announced its latest financial results last night, reporting revenue of $250m and a net loss of $132m for the quarter, up respectively from $114.3m and $27m in Q1 last year. Twitter averaged 255m monthly active users...
July 2, 2014
Google disappoints Wall Street with latest quarterly financials
The first quarter of 2014 was another big one for Google financially, although the company missed analyst projections for its revenues and profit. What figures, though: Google posted revenues of $15.4bn for the quarter, up...
June 26, 2014