Personal Finance

Matt Ellis appointed Chief Financial Officer of Universal Music Group
Most recently, Ellis served as Executive Vice President and CFO at Verizon Communications Source...

Warner Music Group generated $1.48bn in calendar Q1 2025; subscription streaming revenues rose 3.2% YoY
Warner Music Group has issued its financial results for the three months ended March 31, 2025 (calendar Q1 – the company’s fiscal Q2). Source...

Spotify posts record-high operating profit for Q1, as subscriber base grows by 5m to 268m paid users
SPOT's latest financial results (for Q1 2025) were filed today (April 29) Source...

Henri Lanz appointed Senior International A&R and Creative Advisor of Warner Music Nordics
Lanz worked as Chief Creative Advisor at Sony Music Finland over the past year Source...

India’s Tips Music generated $9.1m in calendar Q1 as EBITDA grew 24% YoY
Tips' operating EBITDA grew 24% YoY in calendar Q1 to reach USD $4.3m Source...

Bill Ackman, who wants to move UMG’s financial HQ to the US, calls for ‘time out’ on Trump’s tariff war
Ackman, a Trump supporter, says the tariff war could destroy international confidence in the US as a trading partner and investment destination. Source...

5 million songs and $288m spent on catalogs: 8 Things We Learned from Universal Music Group’s 2024 Annual Report
From the balance of catalog and frontline to granular financial details, MBW wades through a treasure trove of data Source...

22,100 artists generated over $50k on Spotify last year. The company argues that ‘way more artists are generating meaningful money now than in any previous era of the music industry’.
MBW interviews Charlie Hellman, Spotify's Global Head of Music Vertical Source...

Deezer’s revenues grew 12.7% YoY to $586m in 2024, as operating loss narrows
Deezer has published its financial results for the full year ending December 31, 2024 Source...

Believe generated over $1bn in 2024, as company’s annual revenues grow 11.5% YoY
Paris-headquartered music company has published its financial results for FY 2024 Source...

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