Warner Music Group revenues up 10.2% year-on-year

The music industry’s growth story continues: Warner Music Group has just announced its financials for its fiscal fourth quarter, and thus its full financial-year figures. The headline: 10.2% growth in total revenues. In fact, WMG saw its revenues grow from $3.25bn in the year ended 30 September 2016 to $3.58bn in the year ended 30 […]

BTS included: Spotify hails its 6.6bn K-Pop streams since 2015

Spotify users have streamed 6.6bn songs from K-Pop artists since the company launched its K-Pop hub in 2015, racking up more than 14.4bn minutes of listening. That’s according to a blog post published by Spotify yesterday hailing the growth of streams for South Korean pop artists on its service since its hub went live in […]

Paid online-music market tipped to grow 59% in China

The market for ‘paid online music’ in China is expected to grow by 59% this year to $455m according to research firm iResearch, whose prediction is quoted prominently in the Financial Times’ latest piece on China. It focuses on the evolving dynamics of the Chinese streaming market, where the exclusive licensing deals signed by Tencent […]

NetEase Cloud Music now has 400m users in China

Chinese music service NetEase Cloud Music says it now has 400 million users, having increased its monthly active users (MAUs) by 44% year-on-year. The company also says that its users are skewed towards the 15-35 year-old demographic in China’s tier one and tier two cities, with those listeners creating 620k playlists and posting 1.5m comments […]

Snap stock drops after disappointing quarterly results for Snapchat

Are the wheels well and truly coming off the Snapchat bandwagon? Parent company Snap, Inc published its latest quarterly financial results last night, and while its revenues grew by 62% year-on-year to $207.9m, the company’s net loss ballooned to $443.2m compared to $124.2m this time last year. The post Snap stock drops after disappointing quarterly […]

Spotify data shows ‘listening diversity’ is up 40%

Spotify says it’s experiencing “an explosion in listening diversity” on its service, by which it means the number of artists the average listener streams in a week. “Since 2014, the average number of artists each listener streams per week has increased 37 percent, from just under 30 to about 41 artists per week so far […]

Facebook revenues up 47% while net profit grows by 79%

Facebook has announced another strong set of quarterly financials, with the company’s revenues growing by 47% year-on-year to $10.33bn in the third quarter of 2017. The social network reported a net profit of $4.71bn for the quarter, up 79% year-on-year. The latest user numbers: Facebook daily active users were up 16% to 1.37bn, while monthly […]

Streaming fuels strong rise in Sony Music revenues

This is a familiar tale by now: a major label announces its latest quarterly results, with revenue increases that would have been pie in the sky during the music industry’s 15-year decline, and with streaming as the prominent driver of that growth. Sony Music’s figures for the third quarter of 2017 – its fiscal Q2 […]

Study predicts sharp growth for average iPhone app spend

American iPhone owners spent an average of $47 on apps in 2016 according to research firm SensorTower. But it expects that to grow to $63 this year, $77 in 2018 and $88 in 2019. That’s 86% growth from 2016 to 2019, although the app category hoovering up the lion’s share of this spending will come […]

India becomes world’s second-biggest smartphones market

China is the country with the highest smartphone shipments in the world, followed until now by the US in second place. Two different research companies reckon that India has just overtaken the latter country. Canalys claims that more than 40m smartphones shipped in India in the third quarter of this year, representing growth of 23% […]

With 16m music subscribers Amazon is no longer a dark horse

We’ll stress upfront that this isn’t an official announcement from Amazon: the company hasn’t abandoned its policy of keeping its key music stats to itself. Instead, this is an estimate from Midia Research, claiming that with 16 million subscribers across Prime Music and Music Unlimited, Amazon is now the third biggest music-subscription service in the […]

Apple and Google app stores reached new heights in Q3 2017

The latest report from research firm App Annie claims that combined app downloads on iOS’ App Store and Android’s Google Play were nearly 26bn in the third quarter of this year. That’s up 8% year-on-year, and as App Annie points out, the figure relates to new app installs, not reinstalls or app updates. The post […]

Smart speakers to fuel ‘tenfold’ increase in smart-home devices

Research firm Forrester’s latest prediction for the smart-devices market focuses on the US alone, we should say. “Smart home devices are expected to grow tenfold between 2017 and 2022,” claimed the company in its latest blog post. “Forrester expects the adoption of smart home devices in the US to be 10 times higher by 2022, […]

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, […]

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