Italian music market struggling to match 2015’s euphoria

There were celebrations when recorded-music sales in Italy rose 25.5% in 2015, but since then the market has struggled to repeat the euphoria. That’s according to Music Ally’s latest country profile, which is available to download today for subscribers to our research service. In 2016, recorded-music income grew by just 0.4% to €149m ($178.5m) in […]

About gender ratios on-stage at music-industry conferences…

There are too many men and not enough women on-stage at music-industry conferences. That’s understood widely, but now US journalist Cherie Hu has dug into the actual numbers behind this concern. Her analysis of 1,644 speakers at 13 industry conferences in 2017 shows that 73% of them are male, while 81% of the ‘C-Suite’ level […]

Financials reveal Shazam narrowed its losses to £3.7m in 2016

Shazam narrowed its net losses from £16.7m in 2015 to £3.7m in 2016 (around $4.9m) in a year when it said its app had more than 300 million annual active users. These details come from the company’s financial results for last year, filed with Companies House in the UK. Shazam’s revenues increased by 14.5% to […]

RIAA half-year figures reveal 17% rise for US recorded-music revenues

Paid music-streaming subscriptions are the star of US industry body the RIAA’s latest half-year figures, which show a 17% year-on-year rise in recorded-music retail revenues in the first six months of 2017. That means $4bn of spending on recorded music in the first half of the year, up from $3.4bn in the first half of […]

Smartphones reaching usage tipping-point in the UK

2017 is set to be a tipping point in the UK for the way people access the internet, with smartphones overtaking desktop and laptop computers for the first time. That’s in terms of time spent a day, according to research firm eMarketer. It claims that this year, Brits will average one hour 59 minutes on […]

Vevo hopes for 30% growth after 2016 revenues of $500m

Vevo has been talking about the growth in its advertising business, with the music-videos service having taken in $500m in 2016. Chief sales officer Kevin McGurn told Business Insider that Vevo is expecting 30% growth in 2017, including nearly $200m in year-long ad commitments spawned by its shift towards ‘upfront’ sales of advertising, matching the […]

ICOs raised $797m in the second quarter of 2017 alone

Despite being banned in China and regulated more strictly in the US, initial coin offerings (ICOs) for blockchain-based startups are going to be drumming up large amounts of funding for a while yet. A new report by Coindesk quantifies the ICOs market before the two crackdowns above were announced: it claims that ICOs raised $797m […]

2017 was a billion-dollar distribution year for BMI

US performance-rights organisation BMI has announced a strong set of figures for its 2017 fiscal year, which ended recently. The company generated $1.13bn of revenues, distributing just over $1.02bn to songwriters, composers and publishers – up 10% year-on-year. BMI is hailing the results as “the most public performance revenue and highest royalty distributions of any […]

BMG revenues and profits both up in first half of 2017

It wasn’t just Universal Music posting new financials this week. BMG (through its parent group Bertelsmann) has also revealed its latest figures, with encouraging growth in both revenues and profits. BMG generated revenues of €233m ($277m) in the first half of 2017, up 28% year-on-year. Meanwhile, the music company’s operating EBITDA (earnings before interest, tax, […]

Streaming generated $1.3bn for major music labels in Q2 2017

The three major labels – Universal Music, Sony Music and Warner Music – saw their collective recorded-music revenue from streaming grow to just under $1.3bn in the second quarter of 2017. That represents 38.5% growth year-on-year, with the three label groups now collectively making $14.2m a day from streaming. This is according to Music Ally’s […]

Goldman Sachs predicts $41bn recorded-music industry by 2030

At our NY:LON Connect conference in January this year, Dot Blockchain boss Benji Rogers caused a stir by making the confident prediction that “we’ll be at $100bn a year as an industry in two years” – albeit with the caveat that “it’s going to be really painful to get there”. It’s fair to say that […]

Blind data: music managers’ three biggest data challenges

  Managers, by the very nature of their job, have to be across everything their artists do, closely following each ebb and flow of every revenue source and being ready to jump on the next one when it emerges.  Data is solving a lot of the problems for managers here – rich and real-time information […]

Snap shares fall as net losses continue to grow

Snapchat’s parent company Snap reported its latest quarterly financial results overnight, and the sight of its share-price plummeting tells you what the markets thought of the figures. The company’s revenues were up 153% year-on-year to $181.7m, but its net losses increased even more sharply: from $115.9m in Q2 last year to $443.1m last quarter. The […]

A year after launch, Instagram publishes new Stories stats

It’s now a year since Instagram added its (by which we mean Snapchat’s) ‘Stories’ feature, for people to share quicker, rawer photos and videos for a short period of time. 12 months on, and the feature now has 250 million daily active users, and has been one of the factors in the lustre-loss of Snapchat […]

Spotify now at 60m subscribers as it prepares new podcasts push

Spotify reached its latest milestone yesterday: 60 million paying subscribers. Reported in the Financial Times and confirmed to Music Ally by Spotify, the figure means Spotify has added 12 million paying subscribers in 2017 to date, with its last financial results revealing that it ended 2016 with 48 million. Having reached 50 million subscribers in […]

Twitter user growth stalls while revenues decline

It looks like the much-discussed Trump bump is over for Twitter, with the company’s latest quarterly financial results flashing a number of warning lights. Twitter now has 328 million monthly active users (MAUs), which is up 5% year-on-year, but there was no growth between the first and second quarters of this year. And in fact, […]

French market slips 2.3% with digital now 55% of music revenues

New figures published by French industry body SNEP show that digital is now the biggest part of the French recorded music market. In the first six months of 2017, it accounted for 55% of recorded music revenues in the country. Unlike in other major territories, streaming is not yet managing to counter the physical and […]

Lead Data Scientist Consultant (12 month consultancy contract) – Universal Music Group – London

Job title: Lead Data Scientist Consultant – 12 month consultancy contract Responsible to: Senior Director, Commercial Technologies Department: Commercial Technologies Location of work: Kensington Village Main purpose of role Key Responsibilities will include: -Product Owner and developer for “labs” prototyping area -Create algorithms and then prototype into our “Labs” for testing along with handing over […]

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