Tag: revenue

Could Spotify’s locked audiobooks model be a new way for artists to make money on its platform?
Could Spotify's locked play button model used for audiobooks be applied to artist content? Source...

US recorded music revenues hit $7.7bn in H1 2022, but growth slowed compared to H1 2021
RIAA has published its 2022 Mid-Year Music Industry Revenue Report Source...

YouTube launches ‘Creator Music’ licensing hub, and a new revenue sharing model for Shorts
Creators can buy music licenses via the hub Source...

BMI paid out nearly $1.5 billion to songwriters and publishers in the past year, up 10% YoY
Overall revenue (collections) jumped 16%, or by $212 million, to $1.57 billion, the company said Tuesday (September 13). Source...

Exactuals Promotes Lindsay Conlin to SVP of Revenue
Exactuals, a provider of solutions for payments, royalties, and metadata in the entertainment and insurance industries, has promoted Lindsay Conlin to SVP of Revenue. In this role, Conlin will oversee...

Deezer lost 300,000 subs in H1 2022 YoY, but revenue jumped up 9.9%
Despite seeing a drop in its subscriber base outside France, Deezer’s overall first-half sales jumped 9.9% YoY (constant currency) to €219 million in H1 2022 Source...

Anghami monthly subs up 41% YoY in H1, according to preliminary results
Total revenue grew 29% YoY to $21.1 million in H1 2022 Source...

Warner Music joins UMG in inking revenue-sharing deal with Facebook / Meta
Deal was confirmed by Warner Music CEO Steve Cooper during an earnings call Source...

Some music companies are nervous about a ‘challenging economic climate’. Believe just increased its FY revenue forecast for 2022.
Believe's group revenue growth in H1 was up 35.4% YoY to €352.2 million. Source...

Universal Music Group generated $2.7 billion in Q2; recorded music subscription streaming revenue grew 7.0% YoY
BTS were UMG's biggest-selling artist globally in Q2 2022 Source...

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