Warner Music Group is awash in cash after a flowing third quarter — thanks largely to a complete liquidation of its Spotify shares. Life is good at Warner Music Group, thanks to the usual rainmaker: streaming music. According to financial details file…
Category archives: Financials
Hit Songwriters Hit Back at SESAC: ‘Shame on You!’
“This is the strongest I’ve ever seen the songwriting community” – Ross Golan, hit songwriter, podcaster of ‘And The Writer Is…’ The Music Modernization Act recently passed the House by a 415-0 vote. It looked as if …
Sony’s Q1 2018 – 100% Stake in EMI, Spotify Payday, and Surging Streaming Revenue
Streaming revenue continues to climb, while Sony Music confirms hefty Spotify payday and a 100% stake in EMI Music Publishing. Sony Corp. has released its fiscal Q1 / calendar Q2 2018 financial report. Sony Music’s streaming revenue for the first half …
Vivendi Is Selling 50% of Universal Music Group — But Who’s Buying?
The biggest label in the world is for sale — or at least half of it is. In case your Monday was getting lackluster, here’s a bombshell to spice things up. French media conglomerate Vivendi is now planning to sell 50% of Universal Music Group, an…
Warner Music Just Dumped 75% of Their Spotify Shares – A $400 Million Payday
Warner Music Group pulls a Sony and lets go of most of its Spotify shares. But, why? Warner Music Group Corp. has announced that it has sold around 75% of its shares in Spotify. The company received $400 million. WMG CEO Stephen Cooper stated that $3…
Why Pandora Still Has a Long, Long Way to Go
Pandora Media’s Q1 2018 may look great at first. But, just look a little closer. Pandora Media has reported better-than-expected first quarter financial results. The company posted a lower quarterly loss thanks to higher subscription …
Spotify’s Q1 2018: The Good, the Bad, and the Ugly
Looks like Spotify isn’t going to become the next Netflix after all. Nor will it turn a profit in 2018. Spotify has just published its first quarterly earnings since going public. And the news isn’t pretty. At least, not f…
Streaming Pushes Sony Music’s Revenue Over $4 Billion
Thanks to streaming, Sony Music CEO Rob Stringer had a great first year. Sony Corporation has published its earnings report for the 2017-2018 fiscal year ending March 31st, 2018. The company’s music division brought in ¥447 billion ($4…
SoundCloud’s Financial Losses Are Way, Way Worse Than We Thought
SoundCloud’s revenues topped $100 million last year. That’s great! But, its losses totaled nearly $100 million in 2016. It will likely grow even more. =( Speaking with the Financial Times just over a week ago, SoundC…
Less Than 180 Days Until TIDAL Runs Out of Cash
Jay Z has 99 problems. We now know that TIDAL running out of cash is one of them. 2017 hasn’t been a good year for Jay Z. First, his latest album, 4:44, didn’t appear on Billboard charts. The same week as the rapper’s highly-anticipated release, DJ Kh…