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Tag: financial

Online ticket reseller Vivid Seats, valued at over $1bn, considers sale
Vivid Seats, an online ticket resale marketplace, is considering a sale following interest from potential buyers. The Chicago-based company, which competes with StubHub and SeatGeek, has enlisted fina...

Ryusuke Kamada named Chief Financial Officer at Avex USA
Kamada has been with Avex since 2018, and relocated from the company's Japanese headquarters to the US in January 2020 Source...

HYBE and Chairman Bang Si-hyuk under investigation by South Korea’s financial regulator over ‘secret’ shareholder contracts in IPO (report)
HYBE allegedly made a nearly $340 million profit off an agreement with private equity firms that was apparently not disclosed to investors Source...

Spotify paid Warner Music Group $1.16bn in FY 2024. (That’s around the same amount the streamer’s execs have cashed out in stock this year.)
Warner's financial filings reveal Spotify's contribution to the company's revenues in the 12 months to end of September Source...

Warner Music achieves fourth straight quarter of double-digit subscription streaming growth as calendar Q3 revenues hit $1.63bn
Warner Music Group has published its financial results Source...

Spotify cruises past quarter-of-a-billion subscribers, as it eyes $1.5bn annual operating profit in 2024
Spotify’s global Premium Subscriber base grew to 252m paying users in Q3 Source...

Bill Ackman wants to move Universal Music Group’s financial HQ from Amsterdam to the US. Universal has warned it might not be possible.
World's largest music rights company and activist investor could be headed for a disagreement Source...

Sir Lucian Grainge talks acquisition strategy, AI and converting paid streaming subscribers to superfans on Universal’s Q3 earnings call
UMG published its Q3 financial results on October 31. Here's what was said on the company's Q3 earnings call... Source...

Universal Music generated $3.15bn in Q3; subscription streaming revenues grew 8.2% YoY
Universal Music Group has published its financial results for the three months to the end of September. Source...

Reservoir upgrades financial guidance after reporting 6% jump in revenues to $40.7m in calendar Q3
Company has raised its revenue and EBITDA forecasts for the fiscal year Source...