Merlin Pays Out $845 Million to Labels and Distributor Members in 2018, Reaching Over $2 Billion in Payouts

Indie label collective Merlin Network has posted its financials for the 12 months ending March 31st, 2019. Publishing its 2019 Membership Report & Survey, the company paid out $845 million to its label and distributor members, up 63% year-over-year… Continue Reading

Share

LiveXLive Reaches 720,000 Subscribers, Burning Through $9.8 Million in the Process

LiveXLive Media has posted its financials. The global streaming company posted $9.2 million in revenue for its fiscal Q4 2019 quarter ended March 31st, 2019, up from $9 million in the previous quarter (its Q3 2019).  Contribution margin also rose to $2… Continue Reading

Share

BTS Agency Big Hit Entertainment Valued at More than $1 Billion

Not only is K-pop band BTS hitting it big, but so is the agency that represents them. Just recently, Big Hit Entertainment was valued at more than $1 billion — on the low end. The Hyundai Research Institute has estimated that Big Hit was worth somewher… Continue Reading

Share

CTS Eventim’s Q1 2019 — $316 Million in Total Revenue and $116 Million in Ticketing Revenue

CTS Eventim has posted the financial results of its first fiscal quarter (Q1 2019). For the three months ended March 31st, 2019, the German live entertainment company’s revenue totaled €282.7 million ($316.1 million).  This represents a 3% jump over th… Continue Reading

Share

Tencent Music Posts a $175 Million in Profit With 28.4 Million Subscribers in Q1 2019

Tencent Music Entertainment (TME) has released its financial report for the first quarter of 2019. In the three months ended March 31st, 2019, TME reported ¥5.74 billion ($855 million) in overall revenue.  This figure jumped 39.4% over the same period … Continue Reading

Share

Live Nation’s Q1 2019 — $1.7 Billion in Revenue, $24 Million in Operating Losses

Live Nation has released its financial report for the first quarter of 2019 (Q1 2019). Live Nation’s revenue grew 17% year-over-year to $1.7 billion.  Yet, the company also posted an operating loss of $24 million.  In addition, at $115 million, the glo… Continue Reading

Share