UK record industry nears $2bn in pandemic-hit 2020 – but streaming growth slows significantly

Subscription streaming pulls in over $1.5bn in retail revenue alone, according to ERA figures
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Hipgnosis Songs Fund is now worth $1.7bn… and is on course to generate more than $120m in net revenue this year

Merck Mercuriadis: “We’ve been one of the FTSE 250’s biggest yielders and have now reached a £1.25 billion market cap.”
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The independent artist market is exploding in China – with NetEase and Tencent battling to woo the best indie acts

Stat Of The Week: How indie acts are central to the strategies of China’s two biggest streaming music providers
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Stat Of The Week: 1 in 5 plays on Tencent Music streaming services will be behind a paywall by the end of 2020

In China, where YouTube is blocked, TME is seeing its paywall strategy starting to reap financial benefits
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Stat Of The Week: 1 in 5 plays on Tencent Music streaming services will be behind a paywall by the end of 2020

In China, where YouTube is blocked, TME is seeing its paywall strategy starting to reap financial benefits
Source

Stat Of The Week: Half of Scandinavians pay for music streaming – but 69% pay for on-demand TV and movies

MBW’s Stat Of The Week is a new series in which we show why a single data point deserves the attention of the global music industry. Stat Of the Week is supported by Cinq Music Group, a technology-driven record label, distribution, and rights man…