Warner Music Group’s Los Angeles HQ will shift to Downtown LA. Warner Music Group (WMG) is riding high. Yesterday, the major label confirmed its revenue topped $1.2 billion for the fiscal quarter ended December 31st, 2018. Its music publishing operati…
Author archives: Daniel Sanchez
Five Artists File Two Class-Action Lawsuits Against Sony Music and UMG
Will Sony Music and Universal Music Group accept returning copyrights to artists? If so, will they face even more lawsuits? Two major labels have now come under fire in a New York courtroom. Five musicians have filed two separate class-action lawsuits…
Acquiring Two Major Podcast Companies, Spotify Posts a Profit in Q4 2018
Spotify bets big on podcasting to fuel its growth in 2019. Spotify has released its financial results for the fourth fiscal quarter of 2018. For the first time in the company’s history, operating income, net income, and free cash flow were all positive…
Festicket Unveils a $4.6 Million Investment from Edge
Festicket has just secured another major investment to continue its expansion into more key markets. Several months ago, British online booking platform Festicket confirmed a fundraising milestone. The company secured $10.5 million in a Series D fundin…
Festicket Unveils $4.6 Million Investment from Edge
Festicket has just secured yet another major investment to continue its expansion into more key markets. Several months ago, British online booking platform Festicket confirmed a fundraising milestone. The company secured $10.5 million in a Series D fu…
Canada’s Sunrise Records Buys HMV, Saving 100 Stores and over 1,400 Jobs
A Canadian record label has now saved HMV from disaster. But, will Sunrise Records be able to turn things around, or should we expect another administration in five years? Several weeks ago, and for the second time in five years, embattled UK retailer…
Warner Music Group’s Revenue Surpassed $1 Billion Last Quarter
Record music revenue continues to climb at yet another major label. This time, Warner Music Group. Warner Music Group (WMG) has released the financial results for its first fiscal quarter ended December 31st, 2018. Recorded music revenue reached $1.2 …
Former BMG President Zach Katz Teams Up with Ripple and Scooter Braun to Launch Investment Group
Zach Katz, Scooter Braun, and Ripple want to invest in ‘revolutionary’ tech companies to desperately innovate the music industry. Zach Katz, BMG’s former President, has confirmed the launch of a new joint venture group. In partnership with Scooter Brau…
Paid Streaming Subscribers Will Soon Outnumber Free Streaming Users — At Least According to the ERA
So, do you pay to stream music? The ERA thinks you will soon be the majority. According to a new study, paid streaming music subscriptions will soon overtake freemium streaming. That’s according to the Entertainment Retailers Association (ERA), a UK t…
Secretly Distribution Signs with AMPED Distribution for Physical Releases
Secretly Distribution has brushed off its deal with Warner/ADA to join AMPED Distribution. Secretly Distribution, an indie music company, has confirmed it has left behind its deal with Warner Music’s ADA with its new distribution partnership with AMPED…