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Warner Music Group generated $1.67bn in calendar Q4; subscription streaming revenues rose 6.6% YoY
Warner Music Group has published its financial results for the three months ended December 31, 2024 Source...

Daniel Ek cashed out another $37.3m in Spotify shares as stock hit new high
Spotify’s stock surged to a new all-time high of $626 this week, boosting the company's market cap to $125.71 billion Source...

Confirmed: Warner buys majority stake in Tempo (just as MBW told you it would).
Warner Music Group has today (February 6) confirmed that it has acquired a controlling stake in Tempo Music Investments aka Tempo Music. Tempo’s previous owner, Providence Equity Partners, holds on ...

Following app debacle, Sonos slashes 12% of workforce amid takeover talks
The company has laid off 200 people ahead of the release of its fiscal Q1 results Source...

TikTok’s parent company quietly launched a music licensing platform called EasyOde
ByteDance appears to have a service in the works that could shake up the global music licensing market. Source...

K-Pop in crisis? Around 93m albums were sold in South Korea in 2024 – 23m fewer than in 2023
New data shows that, even as K-Pop gets bigger in the US, album sales declines in its home country in 2024 Source...

FireAid concerts drew 50m viewers, raised $100m for wildfire relief efforts
The money will be used for immediate and long-term recovery needs as California picks up the pieces from the recent wildfires Source...

Reservoir raises full-year guidance again as revenue jumps 19% to $42.3m in calendar Q4
Price hikes and subscriber growth at streaming services sent Reservoir's revenue up by double digits in the company's fiscal Q3 Source...

TuneCore says that tracks within its ‘Accelerator’ platform clocked 21bn streams in 2024, as number of artists on the program nears 450,000
"Artists across all genres are seeing their stream numbers skyrocket," TuneCore says in its latest report on the Accelerator program Source...