Revenue

  1. Exclusive - SoundExchange Financials: How Much Paid vs. How Much in Limbo?

    December 24, 2012 4:03 PM EST SoundExchange had a $363 million balance of funds on December 31, 2011 on its form 990, the annual reporting form for non-profits in the U.S., according to Billboard.biz's review of the document. That large balance, representing royalties to ...

  2. Warner Music's Revenue, Digital Sales Up in Fiscal Fourth Quarter

    December 13, 2012 8:30 AM EST Warner Music Group on Thursday posted a rise in revenue and narrower losses for its September quarter. The company also reported a rise in both its physical and digital recorded music. "We had a very productive year," said CEO Stephen Co ...

  3. Pandora Shares Plummet on Sour Fourth-Quarter Forecast

    December 04, 2012 5:49 PM EST Investors pushed the panic button on Pandora Media Inc.'s shares on Tuesday immediately after the Internet radio company released a disappointing fourth-quarter financial forecast that triggered a 21% slide in its stock price. The Oakland, Ca ...

  4. Business Matters: Accounting Explains How Spotify's Business Model Can Succeed

    October 05, 2012 6:15 PM EDT A website that posts the financials of privately held companies has revived the debate about the sustainability about Spotify's business model. This is a debate worth having, but a tweak to Spotify's income statement may lead to a more i ...

  5. U.K. Record Labels Generated One-Fifth Of Revenue From 'Diversified' Income Streams in 2011

    October 04, 2012 10:20 AM EDT The value of diversifying income streams has been illustrated by new figures released by British labels trade body the BPI. According to the BPI, a fifth (20.5%) of all U.K. record company turnover in 2011 came from revenues generated outside of t ...

  6. Spotify U.K. Reports Revenue Growth; Operating Losses Narrow Dramatically To $3.4 Million

    September 27, 2012 3:42 PM EDT Strong growth in subscriptions helped Spotify's U.K. operation generate £95.5 million ($154.9 million) in total revenue in 2011, up from £63.2 million ($102.5 million) the previous year, according to its latest financial statement, as reporte ...

  7. Universal Music Group Reports Quarterly Revenue Gain

    August 30, 2012 9:54 AM EDT Universal Music Group today reported 88 million euros ($110.4 million) in earnings before interest, taxes, depreciation and amortization on revenues of 961 million euros ($1.2 billion) in its quarterly earnings report. That's up slightly from ...

  8. Pandora's Second Quarter: As Losses Grow, the Message Shifts to Mobile

    August 29, 2012 8:15 PM EDT Pandora shifted its message for its fiscal second-quarter earnings on Wednesday, putting more emphasis on the growth of its mobile revenue and listening hours. During the earnings call, Pandora CEO Joe Kennedy unveiled an unprecedented number of d ...

  9. Pandora Mobile Revenue Outpaces Overall Growth, Yet Losses Grow

    August 29, 2012 4:00 PM EDT Pandora Media grew its revenue 52% to $89.4 million in its fiscal quarter ended July 31 while increasing mobile revenue 85% to $59.2 million. Total revenue for the first six months of the company's fiscal year was $182 million with $160 milli ...

  10. Business Matters: New Report Predicts Digital-Vs.-Physical Tipping Point That Already Happened

    August 16, 2012 6:56 PM EDT Being a day behind the news was acceptable before the rise of the Internet and the 24-hour news cycle. But there's really no excuse for being a year behind major forecasts and trends. The press has been drawn to a new report by Strategy Analy ...

  11. Business Matters: Warner Getting Big Gains from Spotify, Pandora, YouTube and other Streaming Services

    August 09, 2012 5:23 PM EDT Warner Gets A Quarter of Digital Revenue From Streaming Warner Music Group is getting good growth from streaming services, which now account for 25% of its recorded music digital revenue. The other important news in the company's Thursday ear ...

  12. Warner Music Group Reports Mixed Quarterly Financials

    August 09, 2012 9:15 AM EDT UPDATED: The music major, owned by Len Blavatnik, posted lower revenue, but its loss narrowed, and digital revenue in the recorded music unit offset physical declines. Business Matters: Looking Forward to Live Nation and Warner Music Group's ...

  13. Business Matters: Looking Forward to Live Nation and Warner Music Group's Earnings Releases

    August 03, 2012 5:04 PM EDT Live Nation, WMG Optimistic Ahead Of 2nd Quarter Earnings Reports * (Correciton appended: Live Nation's earning report is due Tuesday, Aug. 7 not Thursday, Aug. 9 as originally reported.) Both Live Nation and Warner Music Group report second ...

  14. Business Matters: Ignore the Telegraph, Here's the Real State of Streaming Revenue

    August 02, 2012 4:46 PM EDT Most Musicians Don't Get More From Streaming Than Other Revenue Don't be suckered into believing a Telegraph headline, possibly rehashed without thought by a blog, that musicians are getting more from online streaming than other revenue ...

  15. Business Matters: Global iTunes Revenue Falls in Successive Quarters

    July 25, 2012 6:35 PM EDT iTunes Expanded, But Revenue Dropped in Fiscal Q3 iTunes started showing its age as its revenue dropped $100 million to $1.8 billion in Apple's fiscal third quarter from $1.9 billion in the fiscal second quarter. The decline occurred even tho ...

  16. Digital Revenue Outstrips Physical in U.K. For First Time

    May 31, 2012 10:54 AM EDT Digital has overtaken physical as the biggest source of recorded music revenue in the United Kingdom, according to new figures released by British labels trade body the BPI. Digital format sales accounted for 55.5% of U.K. trade revenues in the fi ...

  17. What to Expect from Pandora's Earnings Release Today

    May 23, 2012 10:03 AM EDT Look for continued, strong listener growth to be the theme when Pandora Media reports its fiscal first quarter earnings today after the end of the trading day. The company's shares are down 30% to $9.98 since first fourth quarter earnings wer ...

  18. Universal Music Group Q1 Revenue Up 9.1%, Credits Madonna, Nicki Minaj, Gotye, Van Halen Releases

    May 15, 2012 4:30 PM EDT Screen shot of Vivendi's First Quarter 2012 Results Apendix III. Universal Music Group revenues increased 9.1% to €961 million ($1.28 billion at the March 31 exchange rate) in the first quarter of 2012 (6.7% at constant currency). Earnings be ...

  19. Warner Music Group Revenue Slipped 8% in Q1

    May 15, 2012 9:33 AM EDT Warner Music Group revenue slipped 8% in the first three months of 2012 to $628 million from $684 million in 2011. The company did more with less, however, as operating income before depreciation and amortization rose 4% to $85 million and net los ...

  20. Business Matters: Doing More With Less - A Key Theme at NARM 2012

    May 11, 2012 9:03 PM EDT Doing More With Less -- A Key Theme at NARM 2012 -- The theme at NARM's Music Biz 2012 conference was forced austerity. "We're doing more with less," one major label executive said when asked how his company was doing.Outsourci ...

  21. Live Nation 1Q Loss Expands; Revenue Ticks Up

    May 09, 2012 9:55 PM EDT Concert promoter Live Nation Entertainment Inc. said Wednesday that its first-quarter net loss expanded even as revenue ticked higher, as it did not repeat an income tax windfall from a year ago. The net loss in the three months to March 31 grew t ...

  22. Business Matters: Pandora Needs Investors Ready For the Long Haul

    March 06, 2012 9:29 PM EST Pandora Needs Investors Ready For the Long Haul -- Pandora had a clear message during Tuesday's earnings call for its fiscal fourth quarter and fiscal year ended Jan. 31: We're the future, but the future isn't here just yet. We' ...

  23. U.K. Music Market Slips 3.4% Despite 25% Growth In Digital, Says BPI

    February 16, 2012 12:15 PM EST Digital music revenues in the United Kingdom climbed by 24.7% in 2011, but it was not enough to prevent a 3.4% decline in the overall music market, according to new figures released by labels trade body the BPI. Total recorded music trade revenue ...

  24. Warner Music Group Spent Less, Revenue Remained Flat in Holiday Quarter

    February 09, 2012 12:54 PM EST The holidays were good to Warner Music Group. Key releases by Michael Buble, Nickelback and the Black Keys helped Warner post flat revenue of $779 million in the fourth quarter of 2011 and first of the company's fiscal year. Operating earning ...

  25. Warner Music's $205 Million Loss: No Cause for 'Buyer's Remorse'

    December 09, 2011 8:09 AM EST In issuing the first annual financial report since Access Industries completed its acquisition of the Warner Music Group in July , the headline $205 million net loss the company reported will likely fuel more uneducated speculation about Access ha ...

  26. Australia's APRA, AMCOS Report Record Revenues

    November 28, 2011 4:30 PM EST Australia's performing right society APRA and its sister mechanical right body AMCOS have reported a best-ever combined revenue of Australian $240 million ($233), a rise of 8%. The result for the year ending June 30, explains APRA/AMCOS CEO B ...

  27. Universal Music Group Earnings Drop 5.5% in Second Quarter -- An Improvement Over First Quarter and Last Year

    August 31, 2011 5:56 PM EDT The U.S. recorded music rebound and the LimeWire settlement helped Universal Music Group to an improved second quarter after a weaker first quarter of 2011. Revenues dropped 2.9% to €982 million ($1.42 billion, up 0.6% at constant currency, which ...

  28. U.K. Report Underscores that Labels Must Look Beyond Digital Music Sales

    August 08, 2011 6:42 AM EDT The recording industry's salvation no longer lies in digital music alone. Instead, based on market dynamics at play in the United Kingdom, revenue diversification appears to be the key. According to IFPI, the total trade value of U.K. recor ...

  29. Business Matters: The Real Story in Warner Music's Earnings Report: Diversity, Digital Growth

    August 04, 2011 5:26 PM EDT The Real Story in Warner Music's Earnings Report: Diversity, Digital Growth Two things get the headlines in coverage of Warner Music Group's fiscal third quarter ended June 30: Spotify and LimeWire. But dig deeper and you'll find fa ...

  30. Clear Channel Radio Revenue Up 4% to $781 Million

    August 04, 2011 6:45 AM EDT CC Media Holdings, the parent company of Clear Channel Communications, reported Wednesday that revenue grew 8% to $1.6 billion in the second quarter, with radio revenue up 4%. The company's billboard business rose 5% domestically and 19% inte ...

  31. France's SACEM Revenues Up 7.5% Last Year

    July 13, 2011 2:36 PM EDT Sacem, the French authors and publishers collection society, has just announced 7.5% growth in 2010 to €819.6 million (about $1.16 billion), the agency's first growth that's exceeded inflation in five years, according to Sacem report. In ...

  32. Business Matters: Trans World's Music Sales Get a Boost From Healthy Catalog Performance

    May 23, 2011 6:19 PM EDT Trans World's Music Sales Get a Boost From Healthy Catalog Performance -- Trans World's first-quarter results were a good reflection of overall music sales: same-store revenue was down slightly, catalog sales were good -- they were great ...

  33. An Industry in Transition: What the Music Biz Can Learn From Warner's Quarterly Earnings

    May 11, 2011 11:53 AM EDT Warner Music Group's latest quarterly results shows how the industry can hope to transition to the future. Gains in digital revenue, licensing and synchronizations helped offset drops in physical revenue. Of course, the quarter may look rosy ...

  34. Business Matters: Why Live Nation's Q1 Revenue Really Grew 6%, Not 17%

    May 06, 2011 6:40 PM EDT Why Live Nation's Q1 Revenue Really Grew 6%, not 17% -- Live Nation had a decent first quarter of 2011. Concert attendance was flat and ticket sales were up 11%. But revenue growth wasn't really as good as you might have read in various ...

  35. Business Matters: The Orchard Reaches Profitability

    April 11, 2011 5:51 PM EDT The Orchard Is (Financially) Fertile -- Digital distributor The Orchard is now profitable and grew revenues 14.7% in 2010, according to information the company shared with Billboard. "We had a profitable Q4 and we expect to remain profitable, ...

  36. Inside the IFPI's Cheery 2010 Numbers

    March 30, 2011 3:45 PM EDT Although it has a cheery, optimistic disposition, there's a lot of bad news in the IFPI's new, meticulous annual report. Countries with stable revenues have faltered, for example, and digital growth has seriously stalled. But it's n ...

  37. IFPI 2011 Report: Global Recorded Music Sales Fall 8.4%; Eminem, Lady Gaga Top Int'l Sellers

    March 30, 2011 11:00 AM EDT Trade revenue generated by global recorded music sales totaled $15.9 billion in 2010, according to the International Federation of the Phonographic Industry's (IFPI) annual report. That represents a year-on-year decline of 8.4% compared to 20 ...

  38. Country Radio Seminar 'Show Me The Money' Panel Paints Tough Financial Picture For New Artists

    March 03, 2011 10:09 AM EST If anyone attending the Country Radio Seminar still doubted the troubles facing the recording business, a presentation of case-study profit-and-loss statements by artist and label representatives cemented the position March 2 during "Show Me ...

  39. Universal Music Posts 10% Revenue Gain, Matches 2008 Revenue in Q4

    March 02, 2011 11:54 AM EST A strong end to 2010 gave Universal Music Group a 9.9% increase in revenue in the fourth quarter, according to financial details released by parent company Vivendi . It was the third straight year-over-year increase in quarterly revenue. Full-year ...

  40. Business Matters: U.S. Gov't Lists Worst Piracy Sites/Helpful Piracy Primer

    March 01, 2011 4:38 PM EST Eminem's "Relapse" on Taobao for as low as 8 Yuan or about $1.20 (Photo: Taobao screen shot) U.S. Gov't Lists Worst Piracy Markets/Helpful Piracy Primer -- The Office of the United States Trade Representative (USTR) has weighed ...

  41. Pandora IPO Gives Look Inside the Internet Radio Leader

    February 14, 2011 1:58 PM EST Pandora filed for an initial public offering (IPO) of common stock on Friday, lifting the curtain that had hidden the financial details of the leading Internet radio company. Now, because of the disclosure requirements placed on companies seeking ...

  42. Business Matters: Warner Loses Over $100 Million In Market Capitalization

    February 09, 2011 6:43 PM EST Warner Loses Over $100 Million In Market Capitalization -- Shares of Warner Music Group fell 9.79% to $5.62 on Tuesday, knocking off $94.5 million of the company's market capitalization. Shares fell another 1.4% to $5.54 on Wednesday, reducin ...

  43. Warner Music CEO Edgar Bronfman Optimistic About Spotify, Digital Despite 14% Revenue Drop

    February 08, 2011 11:51 AM EST Even though Warner Music Group's revenues dropped 14% in its last quarter, chairman and CEO Edgar Bronfman Jr. used the company's Tuesday earnings call to express hope for diversified revenue and new cloud-based music services. "We ...

  44. Quarterly Earnings Recap: Apple Stuns, Music Companies Stumble

    November 30, 2010 12:00 AM EST While consumers continued to opt for less expensive digital music and shied away from live events in the third quarter of 2010, one company found a way to entertain and thrill its customers: Apple. Although Apple does not create musical content, p ...

  45. What Slowdown? Warner Music Expects Digital Growth to Accelerate

    November 17, 2010 12:00 AM EST To hear Warner Music Group CEO/chairman Edgar Bronfman Jr. speak during the company's fiscal fourth quarter earnings call on Wednesday, you'd think that 2011 will be the year of the new music model. Two company names stood out during the ...

  46. Business Matters: Veritix, Ghostly

    November 11, 2010 12:00 AM EST Opinion and analysis of the day's music news. Veritix's $100 Million -- Ticketing continues to heat up. Veritix has taken out a five-year, $100 million line of credit to better compete with the resources of Ticketmaster. Put simply, some ...

  47. News Corp Exec: Myspace Has “Quarters, Not Years” To Right The Ship

    November 05, 2010 12:00 AM EDT During News Corp’s earnings call this week, COO Chase Carey addressed Myspace’s ongoing struggles to return to relevance by stating the unit had a very short time to turn itself around. “The current losses are not acceptable or sustainable,” he sa ...

  48. Sirius XM CEO: Talks With Howard Stern Continue

    November 04, 2010 12:00 AM EDT Satellite radio company Sirius XM continues discussions with Howard Stern about a potential extension of his contract, which expires at the end of the year, CEO Mel Karmazin said Thursday (Nov. 4). "We do not have any updates today," he ...

  49. Earnings Analysis: WMG Hit By Slow Release Schedule

    August 05, 2010 12:00 AM EDT A slow release schedule helped Warner Music Group report a 15% drop in revenues in its fiscal third quarter. For the period ended June 30, revenue was $652 million and the operating loss was $1 million, a big drop from $25 million the year before. ...

  50. Secondary Revenues Boost U.K. Music Biz

    August 02, 2010 12:00 AM EDT U.K. labels body the BPI has released figures showing that British record companies' secondary revenues -- income generated outside of CD sales and digital music services -- grew by 6.6% to £193.5 million ($305.8 million) in 2009. Secondary r ...

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