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Financials

Live Nation earnings

Live Nation Stock Spikes Following Q3 2024 Earnings Release — Execs Anticipate ‘A Return to the More Traditional Antitrust Approach’ Amid DOJ Legal Battle

Dylan Smith
November 11, 2024
Sony Music earnings

Sony Music Posts Double-Digit Q3 2024 Revenue Jump — Recorded Music Streaming Growth Hits 9%

Dylan Smith
November 8, 2024
iHeartMedia restructuring debt

iHeartMedia Restructuring $4.1 Billion in Outstanding Debt as Layoffs Trim $150 Million in 2025 Costs

Ashley King
November 7, 2024
Hybe earnings

Hybe Posts 18.8% Recorded Music Revenue Slip for Q3 2024, Tees Up Aggressive Q4 Release Schedule, and Eyes 2025 BTS Reunion

Dylan Smith
November 6, 2024
SiriusXM Q3 results

SiriusXM Delivers a Lackluster Q3 As Revenues Decline, Subscription Levels Stagnate

Ashley King
November 4, 2024
 
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  2. Music Industry News
  3. Financials
Deezer earnings

Deezer Reports 11% Q3 2024 Revenue Boost Under New CEO, Doubles Down on Growth Forecast

Dylan Smith
October 31, 2024
An interior shot of Deezer's Paris headquarters. Photo Credit: Deezer Deezer's Q3 2024 revenue neared $146 million (€134 million) thanks in part to the company’s continued growth in France and ongoing partner... Read More...
Universal Music Group earnings

Universal Music Group Posts $3.12 Billion in Q3 2024 Revenue As Subscription Streaming’s Contribution Remains Flat

Dylan Smith
October 31, 2024
Universal Music Group head Lucian Grainge. Photo Credit: UMG Amid continued streaming-plateau concerns, Universal Music Group (UMG) has posted its Q3 2024 financials – complete with flat recorded music stream... Read More...
latin music

Latin Music Recorded Revenue Hit $685 Million in the U.S. During H1 2024, Report Shows — Streaming Plateau Concerns Persist

Dylan Smith
October 10, 2024
Karol G performing live during her now-wrapped Mañana Será Bonito Tour. Photo Credit: Henry Hwu Thanks in large part to continued (albeit slower) streaming growth, Latin music generated a record $685.5 millio... Read More...
Proper Group AG debt

Proper Group AG Debt Goes Beyond Bankruptcy — Staff Left Unpaid for Months

Ashley King
October 9, 2024
Photo Credit: Sarah Agnew Proper Group AG, formerly known as Utopia Music, has been put into bankruptcy by Swiss courts. After alleging the move was a misunderstanding last week, more light shed on the situat... Read More...
Mdundo African music streaming service

Now Targeting ‘Hyperlocal Markets,’ African Streaming Service Mdundo Forecasts Over $1 Million in 2025 Royalty Payouts

Dylan Smith
October 3, 2024
Photo Credit: Mdundo Now with about 36 million monthly active users to its credit, African streaming service Mdundo says it’s on track to pay out north of $1 million in royalties during 2025. Nairobi-headqua... Read More...
ppl distribution q3 2024

PPL Announces Nearly $22 Million International Distribution — Largest Q3 Payout Since 2020

Dylan Smith
October 2, 2024
A Glastonbury performance from The Last Dinner Party, one of the acts for which PPL collects international royalties. Photo Credit: Raph_PH The U.K.’s Phonographic Performance Limited (PPL) has announced a ne... Read More...
ABBA voyage london economy report

Looks Like Hologram Concerts Are Here to Stay — ABBA Voyage Revenue Hit $137 Million in 2023, Earnings Report Reveals

Dylan Smith
October 1, 2024
Photo Credit: ABBA Voyage After strong ticket sales and economic indicators pointed to financial success for ABBA Voyage in 2023, the lucrative hologram show’s full-year financials have officially released. ... Read More...

Hopeless Records Revamps Its Payments Backend, Touts ‘Significantly Reduced’ Royalties-Management Workload

Dylan Smith
September 20, 2024
A streamlined payments process and straightforward tax compliance aren’t exactly punk – but they’re decidedly important parts of today's increasingly complex music industry. In that spirit, Hopeless Records h... Read More...
universal music group

What Streaming Plateau? Universal Music Targets 8-10% Annual Subscription Growth Through 2028 in Aggressive New Revenue Forecast

Dylan Smith
September 18, 2024
Photo Credit: Universal Music Group What streaming plateau? After suffering a material stock price decline following a Q2 subscription-growth “deceleration,” Universal Music Group (UMG) is now projecting a bi... Read More...
Sirius XM Liberty Media

A New ‘SIRI’ Is Born — Liberty Media, Sirius XM Complete Spin-Off & Merger

Ashley King
September 10, 2024
Photo Credit: Sirius XM Sirius XM Holdings Inc. has officially commenced operations as an independent public company following the closure of its transaction with Liberty Media. The merger was first disclose... Read More...
Spain recorded music market growth digital music growth

No Plateau Here — Spain Reports 18.8% YoY Digital Growth in H1 2024

Ashley King
September 5, 2024
Photo Credit: Enes Productores de Música de España (PROMUSICAE) has revealed that the Spanish recorded music market grew 16.6% in the first half of 2024. That H1 2024 growth is attributed mainly to the digita... Read More...
DMN Pro Exclusive

How Serious Is the U.S. Streaming Slowdown? Here’s What the Last 10 Years of Industry Data Tells Us

Paul Resnikoff
September 4, 2024
For 2024’s opening half, the RIAA reported that U.S. on-demand streaming subscriptions had grown by a modest 2.7% year over year (YoY) as subscription revenue increased by 5.1%. Amid discussions about the slowdown, what does historical data tell us?
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