By Jem Aswad
04.05.2020 - 17:35 / variety.com
By Jem Aswad
Senior Music Editor
With the devastating impact of the coronavirus pandemic on the global economy, any look back at 2019 financial performance feels like an exercise in nostalgia, but the data released by the International Federation of the Phonographic Industry on Monday shows that the streaming boom’s impact on recorded-music revenues was already starting to level off.
For 2019, total revenues for the global recorded-music business grew by 8.2% to $20.2 billion, with streaming
By Jem Aswad
By Jem Aswad
By Jem Aswad
By Jem Aswad
By Jem Aswad
Tencent Music Entertainment (TME), the Chinese music streaming company with 657 million monthly listeners, took a hit from the coronavirus pandemic in the first quarter but was able to grow both music subscribers and revenue. According to the company’s earnings report released Monday, Q1 music revenues leapt 27.4% y
By Jem Aswad
Warner Music Group posted a $74 million net loss on revenues of $1.071 billion for the three-month period ended March 31, versus a net income of $67 million on $1.09 billion in corresponding year-earlier quarter.
The Warner Music Group posted a $74 million net loss on revenues of $1.071 billion for the three-month period ended March 31, versus a net income of $67 million on $1.09 billion in corresponding year-earlier quarter.
After three years of vacillation, the children’s music genre was on track to post its third consecutive market-share gain in 2020, for the measurement period of Jan. 3 to April 2, with its largest percentage increase in five years: 1.39% in combined sales and streaming. On April 9, however, Billboard and Nielsen.
By Jem Aswad
By Jem Aswad
Latin music's fortunes continued their upward trajectory, with the genre registering its third straight year of growth in the United States and reaching its highest revenues since 2006.According to the RIAA's just-released 2019 Year-End U.S. Latin Music Revenues Report, the US.