Business, Services And Guides For Music Labels
With the “Big 3” bringing in huge revenue from streaming, will artists get their fair share? A new study shows that the three major labels – UMG, WMG, and Sony Music – collectively earn $14.2 million a day in streaming revenue. Music Ally analyzed the financial results of the “Big 3.” They found that the […]
The post Major Labels Are Making $14.2 Million a Day From Streaming appeared first on Digital Music News.
Tencent Music looks to convince investors to back their proposed $10 billion valuation. According a new report published by Bloomberg, Tencent Music Entertainment Group has actively sought out new funding at a $10 billion valuation ahead of their IPO. A source close to the company said that Tencent Music would sell 3% of its shares […]
The post Guess Which Music Company Has a $10 Billion Valuation Before Its IPO? appeared first on Digital Music News.
Without a concrete business plan, Songkick’s lawsuit against Ticketmaster ultimately sank the once-promising company. Two years ago, concert discovery and ticket sales startup Songkick filed a lawsuit against Ticketmaster and Live Nation. The startup had accused both companies of stealing trade secrets through former employees. Now, the company may soon close its doors. A source […]
The post Songkick Faces Collapse After Burning Through $61 Million In Funding appeared first on Digital Music News.
Who says Spotify doesn’t pay? Warner Music Group is now one of the biggest beneficiaries of a streaming kaboom. It was a dump-off deal from a financially-strapped media conglomerate. In 2004, Time Warner dropped its failing music label for $2.4 billion. That was the start of an underwhelming decade for Warner Music Group that racked […]
The post In 2004, Warner Music Was Sold for $2.6 Billion. This Year, WMG’s Revenues Just Hit $2.7 Billion appeared first on Digital Music News.
Digital downloads are way, way down at Sony Music Entertainment. For the first quarter of 2017, Sony Music has reported an impressive 18.8% revenue gain year-over-year to ¥168.8 billion ($1.53 billion). However, total downloads saw a steep decline. Earlier today, Sony Corporation announced the financial results for the first quarter of the 2017 fiscal year […]
The post Downloads Are Absolutely Crashing at Sony Music Entertainment appeared first on Digital Music News.
One way to sum up Snapchat CEO Evan Spiegel’s attitude: ‘What, me worry?’ Building a business model around filters with dog noses doesn’t turn a profit. Just ask Snapchat. Two months ago, Snapchat’s parent company posted a dismal Q1 report. Thanks to a rapid deceleration of users, Snap posted $2.2 billion in losses. Now, while […]
The post Snapchat Loses $15 Billion In Value as CEO Evan Spiegel Enjoys a Blissful Yachting Vacation appeared first on Digital Music News.
The countdown for SoundCloud’s final days has begun: 50, 49, 48, 47, 46… Earlier this year, SoundCloud’s co-founder and CEO Alexander Ljung shocked investors and employees with a jaw-dropping statement. He told investors, “SoundCloud may run out of cash earlier than December 31, 2017… These matters give rise to a material uncertainty about the Group’s […]
The post SoundCloud Has Just 50 Days to Live, Financial Report Shows appeared first on Digital Music News.
Merlin Network makes it clear: No, YouTube doesn’t pay out artists equally, but Spotify does. YouTube has long been considered the bane of the music industry. Thanks in part to exploiting DMCA safe harbor loopholes, the video platform can pay out major labels and artists the bare minimum. As it pushes ahead with its IPO […]
The post Indie Labels Say Spotify Is Paying 3X Better Than YouTube appeared first on Digital Music News.
Maybe this is all Spotify’s fault. Maybe Pandora only has itself to blame. Either way, Pandora is now battling a tailspin in valuation as Sirius vultures overhead. Here’s the latest. Falling subscribers. Sagging subscriptions. A surging Spotify. Welcome to the daily nightmare endured by Pandora, once the darling of music streaming. Now, the company is […]
The post Pandora’s Worst Nightmare: Stock Plunges; Sirius Vultures; Lifeline Looms appeared first on Digital Music News.
Maybe this is all Spotify’s fault. Maybe Pandora only has itself to blame. Either way, Pandora is now battling a tailspin in valuation as Sirius vultures overhead. Here’s the latest. Falling subscribers. Sagging subscriptions. A surging Spotify. Welcome to the daily nightmare endured by Pandora, once the darling of music streaming. Now, the company is […]
The post Pandora’s Worst Nightmare: Stock Plunges; Sirius Vultures; Lifeline Looms appeared first on Digital Music News.