Tag: revenue

This Week in Music: 5 Key Industry Insights
From the latest on streaming revenue trends to groundbreaking collaborations and the unstoppable rise of Afrobeats, this week’s music industry updates are a must-read for anyone passionate about the...

Paid streaming subscriptions grew just 2.7% YoY in the US in H1 2024 – but overall market revenue topped $8.6bn
The RIAA has published its new midyear report for the United States Source...

Bill Ackman unworried by Universal Music Group subscription revenue blip
Wall Street analysts were disappointed that UMG's subscription streaming revenues 'only' grew 6.9% YoY in the quarter Source...

Beggars Group is now a £100m+ annual revenue company
Nevertheless, the record company has seen its operating profit slide amid rising costs Source...

NetEase Cloud Music profit soars as revenue from streaming subscriptions jumps 25.5% YoY
China's second-largest music streaming company more than doubled its net profit year on year Source...

The Benefits of Direct Artist-Fan Relationships
Explore the benefits of direct artist-fan relationships and how eliminating middlemen enhances revenue, creative control, and engagement for artists while providing fans with exclusive access and mean...

AI music startup Lemonaide introduces new collab tool promising ‘ethical’ AI models
Lemonaide wants to ensure producers "have their own say and agency over the use of their data as they create new AI-powered revenue streams” Source...

Warner Music Group just bucked the trend of streaming revenue growth slowdowns. How?
Robert Kyncl explains why Warner was able to post double-digit streaming growth during a tricky time for the market Source...

SM Entertainment reports $185m in Q2 sales, driven by near-doubling of concert revenue
However, the company's bottom line was dragged down by weak performances at subsidiary businesses Source...

Sony unfazed by streaming music revenue growth slowdown in calendar Q2
Sony says it's now expecting the music market to grow at mid-to-high-single-digit rates Source...

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