Gaana financials include growth in subscriptions revenue

We’ve seen lots of big numbers this year for the amount of people streaming music in India, but what is that growth in listeners meaning for the underlying financials of the platforms providing those streams? One of the biggest ones, Gaana, has just published some figures that offer an insight into its business, at least. […]

Napster Q3 revenues fell by 21.6% year-on-year to $27.3m

Technology firm RealNetworks has published its latest quarterly financial results, and as usual, they include figures for Napster, its music-streaming subsidiary. The key figure: $27.3m. That’s Napster’s revenues for the third quarter of 2019, which represents a 21.6% drop year-on-year from its $34.8m revenues in Q3 2018 (which in turn were down 18.7% on the $42.8m of revenues […]

Sonos revenues grew by 25% last quarter as losses narrowed

Sonos is feeling chipper about its latest financial results: the speaker-maker’s revenues grew by 25% year-on-year to $260m in the second quarter of 2019, including a 61% bump for sales (in dollar terms) of its Sonos One speaker. Sonos sold just under 1.1m products in the last quarter (its fiscal Q3) across its wireless speakers, home […]

Amuse-commissioned study explores independent-artist revenues

Midia Research’s latest report explores the burgeoning independent-artists sector, commissioned by one of the companies – Amuse – that’s trying to help those independent artists break through. Some of its findings build on past Midia research. For example: “Artists without record labels generated $643.1 million in 2018, up 35% from 2017. These independent artists represent […]

Spotify’s relationship with publishers hits the rocks – again

A new Spotify / music publishing story broke on Friday, but there’s a bigger picture here: the increasingly-dispiriting story of the streaming service’s approach towards the publishing community, as well as the perception of Spotify by those publishers and songwriters. At a time when recorded-music revenues are going from strength to strength, what’s happening around […]

Mixcloud breaks down its revenue-sharing model for curators

Streaming service Mixcloud launched its Mixcloud Select program in December 2018, enabling listeners to subscribe to individual curators (or channels) for a monthly fee of $2.99 or above. Now the company has been explaining how the revenues are shared out, in a blog post noting the fact that Mixcloud’s direct licensing deals “identify the ‘long form […]

China’s music industry discusses social music-promotion

This weekend saw the ‘WISE’ conference take place in Beijing, with a lineup of Chinese and international speakers from the music and media industries. Music Ally was there to report back on some of the discussions relating to our industry: particularly a debate over how or if platforms like TikTok (Douyin in China) plan to […]

TuneCore reaches $1.5bn payouts, cites YouTube and Africa growth

Music distributor TuneCore has hit its latest milestone: $1.5bn of distribution revenue for its independent artists. That’s after earnings of $83m in the first quarter of 2019, up 21% year-on-year. This follows a 28% increase (to $308m) for TuneCore’s distribution income in 2018 as a whole. The company noted that YouTube monetisation showed particularly encouraging […]

Filing: Amazon spent $1.7bn on music and video content in Q1

We reported on Amazon’s latest financial results last week. In the official filing, the company revealed a music stat! Albeit one bundled in with video. “Total video and music expense was $1.5 billion and $1.7 billion in Q1 2018 and Q1 2019,” reported Amazon. “Total video and music expense includes licensing and production costs associated with […]

Twitter and Snapchat publish their latest financial results

Two social networks that have faced challenges around their user-growth published their latest quarterly financial results yesterday. So how are Twitter and Snapchat doing? Twitter’s financial numbers were good: revenues up 18% year-on-year to $787m and a net profit of $191m for the quarter. However, its number of monthly active users (MAUs) was down by six […]

‘Organic growth’ helped BMG revenues grow by 7.5% in 2018

Music company BMG’s revenues grew by 7.5% in 2018 to €545m (around $615m) according to the latest financial results published by parent company Bertelsmann. CEO Thomas Rabe said that organic growth was key to the company’s overall progression. “BMG benefited in particular from the expansion of its recordings business, which grew strongly during the reporting year; […]

Report predicts $45.3bn of global streaming revenue by 2026

The rate of growth in global streaming revenues (retail, not trade) is going to slow down every year between now and 2026. Boo! But wait: those revenues are going to more than double between 2018 and 2026. Hurray! This is all according to Midia Research’s latest report, which forecasts that global streaming spending will grow from […]

Subscription streaming now more than half UK labels’ income

New figures from industry body the BPI show that streaming subscriptions accounted for 54% of British labels’ income in 2018, as the revenue from these subscriptions grew by 34.9% year-on-year to £467.6m (around $615m). That contributed to a 32.8% rise in all music-streaming revenues for labels to £516.4m, with ad-funded audio-streams generating £19.1m (up 25.8%) […]

Report: TikTok’s parent company lost $1.2bn in 2018

The recent $5.7m settlement between TikTok and the US Federal Trade Commission was the biggest ever fine in a child-privacy case. But the amount pales next to the amount TikTok’s parent company Bytedance lost in 2018, according to a report by tech site The Information. It claims that Bytedance’s losses were $1.2bn last year, after making […]

Esports economy tipped to pass $1bn for first time in 2019

When we wrote about the competitive-gaming (esports) market last year, we noted that many of the reports about that market’s size quoted from a February 2018 study by research firm Newzoo. Now it’s back again with some new predictions for 2019. “Revenues will reach an impressive $1.1 billion in 2019, a year-on-year growth of +26.7%,” claimed the company. […]

Analyst claims Instagram will make $14bn of revenues this year

Facebook doesn’t break out revenues for Instagram when publishing its financial results – just like Alphabet doesn’t give standalone figures for YouTube. That leaves a gap for analysts to fill with their own estimates. One, Jefferies, has put out a figure for Instagram. “We believe that Instagram is a material driver for growth in ’19 and […]

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