Jay-Z’s Tidal Lost $37 Million In 2018 — More Than 100,000 Subscribers Jumped Ship

Jay-Z’s Tidal lost approximately $37 million and 100,000 American subscribers in 2018, according to newly released figures.   The music streaming service’s overall revenue grew by more than 25 percent from 2017 to nearly $150 million, according to a fi… Continue Reading

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BTS Is Basically a Cash Machine — Big Hit Annual Revenues Hitting $500 Million

BTS label/management group Big Hit Entertainment just doubled its earnings and substantially increased its 2019 profits. Big Hit Entertainment, the company behind BTS, earned nearly $500 million in 2019, according to a recently delivered corporate brie… Continue Reading

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Spotify Reaches 124 Million Premium Subscribers — But Quarterly Losses Top $85 Million

Spotify closed 2019 with 124 million premium subscribers—a 29 percent increase from 2018’s year-end figure—but this user influx wasn’t enough to prevent the company from sustaining heavy overall losses.  Spotify’s earnings report also indicated that th… Continue Reading

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Pandora Is Losing Subscribers – 88,000 Left the Service Last Quarter

SiriusXM revealed some new information about its subscribers’ growth rate for its satellite service and Pandora. SiriusXM added 355,000 satellite radio subscribers during Q4 2019. That breakdown includes 341,000 self-pay customers and 14,000 prom… Continue Reading

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Lil Nas X Drives a Financial Boom at Sony Music — Quarterly Revenues Approach $2 Billion

Sony Music Entertainment sees a Q3 increase in revenue, across both recorded music and publishing.  Lil Nas X — inked to Columbia/Sony back in March of 2019 — helped to drive the results. After an intense bidding war last year, Sony Music label Columbi… Continue Reading

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Warner Music Group Quarterly Earnings Jump 42% (Thank You, Streaming)

Warner Music Group (WMG) just reported a very solid first-quarter growth. Warner Music Group (WMG) recorded substantial profits in the first quarter of its fiscal year, which began in October of 2019 and ended on December 31st. In an earnings report is… Continue Reading

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