Many sites empower users to make micropayments to creators. China's Tencent Music already has a massive tip-like program returning revenue to artists. Based on a recent earnings call, Spotify wants to get into this business, as well. Exactly how they'll do it, however, remains a question.
Warner Music Group continues to enjoy growth fueled by streaming, with revenue reaching $1.06 billion for the three-month period ended June 30, making for a handsome 10.4% increase over the $958 million recorded in the corresponding year-earlier period.
After delaying the sale of Universal Music Group, Vivendi is now auctioning off a small chunk of the major label to Tencent.
Jazz may not have an official yearbook, but it does have a vast and well-documented discography. ‘Year by Year’ is our attempt to bring you the most noteworthy albums of each year, complete with audio samples and fascinating backstories. We hope you join us as we travel through the music’s endlessly fascinating history, stopping every 12 months along the jazz timeline.
According to new H1 financial results from UMG parent Vivendi issued today (July 25), Universal generated €1.57bn ($1.77bn) from streaming in the six month period to end of June this year.
Because the three majors report only their overall recorded-music revenue, there is much speculation about what their owned labels earn individually. In an effort to shed light on the subject, Billboard has estimated their 2018 U.S. revenue.
Those who predicted that the growth of audio streaming would begin to slow down in the world’s biggest music territories in 2019 were correct.
Independent record labels grabbed more market share so far this year than major label groups Sony Music and Warner Music in the UK, according to new stats from the Official Charts Company.
Universal is winning the race so far in 2019, up 2.3% year-on-year and the indie sector is second, up 0.4%. Both Sony and WMG are down in market share, 0.8% and 1.8% respectively.
Spotify has disrupted the music business in many, and amassed influence to the point where 'Spotify' is shorthand for streaming itself. If that's not enough change, the way in which Spotify and other streaming platforms pay artists has fundamentally altered how some musicians are structuring their songs.
According to music industry insiders speaking with Digital Music News, Apple had formally prepared to shut down iTunes music downloads on March 31st, 2019.