Napster Quarterly Revenues Drop as Shift Towards B2B Continues

On November 6, RealNetworks, which is the parent of Napster, released its 3rd quarter financials for 2019, with revenue at the music streaming service dropping precipitously as the company shifts toward B2B. Napster generated $27.3 million in revenue f… Continue Reading

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SiriusXM Adds 210,000 Subscribers This Quarter ⁠— Pandora Subscribers Plunge

SiriusXM’s financials reveal the company added roughly 210,000 net subscribers, while earnings slipped substantially.  The story at Pandora wasn’t rosy. The company’s third-quarter 2019 total revenue was $2.0 billion, which increased … Continue Reading

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Spotify Hits 113 Million Paying Subscribers Worldwide — Says They’re Crushing Apple Music and Amazon

Spotify posted better-than-expected quarterly results this morning, but will that ease doubts on Wall Street? In a bold and bullish quarterly announcement this morning, Spotify CEO Daniel Ek and his lieutenants were trumpeting some better-than-expected… Continue Reading

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7digital Continues to Crash — Revenues Plunge During the First Half of 2019

7digital is still in serious trouble — but the digital music company promises ‘operational profitability’ in 2020. Earlier today, digital music and radio services platform 7digital announced that revenues at the company fell sharply during the first ha… Continue Reading

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BMI Reports Fiscal Year Revenues of $1.283 Billion; $1.196 Billion in Distributions

It was a record-breaking year for BMI. The music rights management conglomerate reported that its annual revenue for the fiscal year ending June 30, 2019 was nearly $1.3 billion. This represents an increase of 7% from the preceding year. It was also a … Continue Reading

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