Tag: revenue

Beatstar spins out into new music-gaming firm NEXTBEAT, led by Space Ape Games and Voisey co-founders Simon Hade and Olly Barnes
Beatstar has amassed nearly 100 million downloads and is expected to surpass $200 million in lifetime revenue this year Source...

‘Saying yes to something scary and daunting has taught me that discomfort can lead to significant achievements and transformations.’
Nitsa Kalispera, EVP of Global Supply Chain at BMG, discusses going direct with DSPs, new revenue streams, the potential of AI and building a more diverse workforce Source...

Market for Gen AI outputs to be worth over $16bn annually by 2028, but it could ‘cannibalize’ 24% of music creators’ revenues, CISAC predicts
New report says music creators alone stand to lose $10.5bn of their revenue by 2028 Source...

CTS Eventim’s nine-month revenue jumps 16% to $2.1B after See Tickets merger
The company expects a significant year-over-year increase in EBITDA for 2024 Source...

Robert Kyncl talks streaming growth, ‘bolt-on acquisitions’, and Elliot Grainge…
Everything we learned on Warner's calendar Q3 earnings call... Source...

Amazon Music to bundle Audiobooks from Audible – and unlike Spotify’s bundling move, publishers say it won’t decrease revenue for songwriters
Audible’s library includes a US catalog of more than 1 million audiobooks Source...

Kevin Lipson appointed Chief Revenue Officer at Republic Records
Lipson will oversee revenue strategy at Universal's East Coast-based group of labels, including Republic, Mercury, Def Jam, and Island Source...

SoundExchange strikes royalty agreement with SAMPRA, opening new revenue streams for US and South African artists
SAMPRA represents over 75,000 recording artists and 11,000 record companies in South Africa Source...

Live Nation’s Q3 profits beat estimates following ‘most active summer concert season ever,’ but revenues fall 6% to $7.7bn as stadium attendance drops
The company's shares soared in overnight trading after reporting stronger-than-expected profits Source...

SM Entertainment’s revenue slips 8.8% YoY in Q3 even as K-pop concerts boom
Concert revenues jumped more than 55% as SM's tours become increasingly international Source...

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