Sony Music revenues grew by over $250m in calendar 2019, topping $4bn

Fine Line by Harry Styles was Sony Music’s biggest seller in calendar Q4 last year
The post Sony Music revenues grew by over $250m in calendar 2019, topping $4bn appeared first on Music Business Worldwide.

Grammys 2020 TV audience fell by over a million viewers versus last year, as just 5.4% of 18-to-49-year-olds tuned in

That’s the lowest percentage in key age bracket of all time
The post Grammys 2020 TV audience fell by over a million viewers versus last year, as just 5.4% of 18-to-49-year-olds tuned in appeared first on Music Business Worldwide.

SoundExchange paid out $908m to artists and labels in 2019

MBW’s estimates SoundExchange’s lifetime payouts to members have now reached approximately $7bn
The post SoundExchange paid out $908m to artists and labels in 2019 appeared first on Music Business Worldwide.

The Grammys fallout gets more shocking every day – but how relevant is the show to the modern record business?

MBW research suggests the famed ‘Grammy bump’ is weakening
The post The Grammys fallout gets more shocking every day – but how relevant is the show to the modern record business? appeared first on Music Business Worldwide.

SoundCloud, with more than 200m tracks on its platform, saw annual revenues top $200m last year

Company gives update on 2019 as 2018 results are laid bare
The post SoundCloud, with more than 200m tracks on its platform, saw annual revenues top $200m last year appeared first on Music Business Worldwide.

Music streaming needs to change. Is Amazon already ahead of the curve?

Record label executives in the United States could be forgiven for treating themselves this month. For a while now, fears have existed that audio streaming growth would start to slow in the U.S. If this tipping point happens — when this tipping point h…

US streams topped a trillion last year. But is there a superstar recession looming?

How, collectively, the world’s biggest megastars are losing streaming market share in the United States
The post US streams topped a trillion last year. But is there a superstar recession looming? appeared first on Music Business Worldwide.

Tencent’s Move to Buy 10% of Universal Music Group Shows the Global Music Business Is In Excellent Health

Nue Agency founder Jesse Kirshbaum on the biggest music biz deal of the year
The post Tencent’s Move to Buy 10% of Universal Music Group Shows the Global Music Business Is In Excellent Health appeared first on Music Business Worldwide.

UK record industry grew by over $100m last year – but is streaming starting to run out of steam?

Another big gain for key market – but first signs of a slowdown are on the cards
The post UK record industry grew by over $100m last year – but is streaming starting to run out of steam? appeared first on Music Business Worldwide.

How podcasts are damaging the potential growth of the recorded music business

Music streaming services – particularly Spotify – are morphing into something else entirely
The post How podcasts are damaging the potential growth of the recorded music business appeared first on Music Business Worldwide.