Spotify’s top executives report millions in income, while the company struggles to actually turn a profit. Earlier this year, Spotify announced that it has “well over” 60 million subscribers. Around the world, it has 140 million monthly active users. …
Category archives: Financials
In 2004, Warner Music Was Sold for $2.6 Billion. This Year Alone, the Company Made $3.58 Billion.
According to financial details disclosed today, Warner Music Group’s annual revenues are up 10.2% to $3.58 billion. It seemed like a good idea at the time. Back in 2004, Warner Music Group was dumped for a depressed valuation of $2.6 billion. No…
November 8th, 2018: iHeartMedia Declares Bankruptcy
Is the largest radio conglomerate in the US about to go bankrupt? Now, iHeartMedia is hitting extremely hard financial times — and warning investors of a possible collapse ahead. Quarterly losses of $248 million. A stock price plunging to 50-cents. …
Pandora Death Watch: Stock Sinks Below $5 as Users Flee App
Is it now too late for Pandora Radio to turn things around? 850,000 users gone each month. 8 million active listeners have left the platform in nine months. $1 billion lost in four years. Advertising failing to bring any kind of meaningful revenue. …
Pandora Is Losing 850,000 Listeners a Month. Now for the Bad News…
That’s 8 million users in 9 months, according to Pandora’s latest disclosures. What could be worse than that? Listeners are flocking Pandora in droves, according to shocking disclosures issued this morning. And Wall Street continued to sl…
Streaming Has Already Generated $1 Billion for Sony Music This Year
As fans move away from digital downloads and physical formats, music streaming brings in over $1 billion at Sony Music. For the first quarter of 2017, Sony Music reported an impressive 18.8% sales and operating revenue gain year-over-year. Along with s…
Breaking: Spotify Attributes Subscriber Surge to Heavily-Discounted Plans
Spotify has 60 million paying subscribers. But what are those subscribers actually paying? Technically, a Spotify Premium monthly subscription costs $9.99, and £9.99 in the UK. But it’s entirely unclear how many people are paying that price. Ac…
Spotify Has Burned More Than $1 Billion In 3 Years, Leaked Financials Show
Spotify’s cash burn is easily past $1 billion — in just 3 years — according to financial data leaked this evening. But the good news? Revenues are also surging. Spotify CEO Daniel Ek may have the strongest stomach in the music industry. Now, h…
How To Get Your Copyrights Back From Your Label or Publisher
There’s a little known section in the US Copyright Act of 1976 enabling any copyright owner to get their rights back after 35 years. Meaning, if you wrote or released a song with a label or a publishing company after January 1st 1978, you can terminate your agreement and get all your rights back. It […]
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SoundCloud Won’t be Profitable Until 2020, Latest Filing Shows
SoundCloud may need more than its $170 million ’emergency funding’ pile to survive. According to financial projections and filings shared with Digital Music News, this is gonna take awhile. Should they have let it failed? That’s a question now haunting longtime SoundCloud investors. On August 11th, SoundCloud’s battered financiers made a gamble to keep the […]
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