Mostly unseen in the United States, music streaming company Tencent Music Entertainment continued to prove it’s a formidable force by improving revenues 34% to $3.65 billion (25.43 billion Renminbi) in 2019. Net income jumped 126.7% to $664 million.
2019 US Streaming Revenues Were Larger Than The Entire Recorded Music Market Two Years Ago
26.02.2020 - 21:41 / genius.com
Streaming revenues continue to rise for the music industry, now making up almost 80 percent of the total market. According to a new 2019 Year-End RIAA Report, streaming alone in 2019 was larger than the entire recorded music market in the US just two years earlier, showcasing the exponential growth that has driven enormous profits for record labels.
Streaming revenue topped $8.8 billion last year, nearly double 2017’s total of $5.7 billion. Even when sales of CDs, vinyl, and digital downloads
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variety.com
13.03.2020 / 21:47
As New Mexico Filming Booms, the First-Ever Native American-Owned Film Studio Opens
Last year, the Tesuque Pueblo tribe of New Mexico opened a new casino, moving out of a 75,000-square foot facility that they quickly realized could be repurposed as a studio facility.
officialcharts.com
11.03.2020 / 17:33
C2C Country 2 Country 2020: The UK's biggest country albums and singles released in 2019
C2C Country 2 Country Festival is returning to the UK & Ireland later this week (March 13), bringing Nashville's finest to our shores for the eighth consecutive year.
billboard.com
10.03.2020 / 16:13
BMG Launches American Roots and Americana Label Renew Records Led by David Hirshland
American roots and Americana music have a new home at BMG, which today (March 10) launched Renew Records, a new label that will focus on artists and special projects in the genre. Based in Los Angeles, the label will be led by BMG executive vp David Hirshland, who has “his fin
billboard.com
07.03.2020 / 02:17
Labrinth Is a Genius Hiding In Plain Sight: An Essay By Mike Posner
Grammy-nominated singer-songwriter Mike Posner has known the British artist Labrinth for over a decade — they’ve grown up together in the music industry.
variety.com
04.03.2020 / 19:21
Kim Fields Joins Wanda Sykes and Mike Epps in Netflix Multi-Camera Comedy ‘The Upshaws’
Kim Fields, who is known for her roles in classic sitcoms like “Facts of Life” and “Living Single,” has joined Wanda Sykes and Mike Epps in a new Netflix multi-cam comedy titled “The Upshaws.”
nme.com
28.02.2020 / 23:51
Mr. Bungle appear to be back in the studio making new music
The band just wrapped up their brief US reunion
billboard.com
28.02.2020 / 01:56
Meet the Hot Latin Songs Female Artist of the Year Finalists at 2020 Billboard Latin Music Awards
The 2020 Billboard Latin American Music Awards are less than two months away, airing on Thursday, April 23 via Telemundo.Bad Bunny and Ozuna lead the pack as 14-time finalists with Daddy Yankee and J Balvin not too far behind.
variety.com
26.02.2020 / 03:56
RIAA Says 2019 Music Revenue Increased 13%, Subscription Income Up 25% – Variety
A study just released by the RIAA shows bad and worse news for sectors of the recorded music business like physical media sales and digital downloads … but better and better news for streaming. And that’s the only news that matters when it comes to revenue for the music industry in the United States. Streaming grew 13% in 2019, from $9.8 billion to $11.1 billion in retail value, accounting for 79% of the overall pie.
billboard.com
26.02.2020 / 02:56
What Is Password Sharing Costing Streaming & the Music Business at Large?
About one in nine Americans using a music subscription service are streaming using someone else’s account, according to market research firm MusicWatch.
billboard.com
26.02.2020 / 00:06
US Recorded Music Revenue Reaches $11.1 Billion in 2019, 79% From Streaming: RIAA
The U.S. recorded music business generated $11.1 billion in revenue in 2019, according to the RIAA's annual year-end report, a 13% year-ov
nme.com
23.02.2020 / 21:41
Clint Eastwood dumps Donald Trump in favour of Mike Bloomberg in 2020 election
It comes after the longtime Republican once told people to “just fucking get over it" when the President makes racist comments
flipboard.com
21.02.2020 / 15:21
'Miracle on Ice' 40 years ago was so great, TWO movies were made about it
The "Miracle on Ice" was a medal-round hockey game between the United States and the Soviet Union during the 1980 Winter Olympics in Lake Placid New York that is considered one of the greatest sports underdog stories in U.S. history.