Spotify’s revenue soared 50% to €2.9 billion (£2.56bn) in 2016, with the streaming giant pledging to pay record labels in excess of €2.2bn (£1.94bn) over the nest two years.
The ...
Merlin’s distribution revenues to its independent label members soared 52% year-on-year (April 2016-March 2017) to 52%, according to members’ survey.
They key driver behind Merlin’s impressive financial performance was the ...
PPL enjoyed a record-breaking financial year in 2016, with total annual revenues breaking the £200 million mark for the first time ever, Music Week can exclusively reveal.
In total, £212.1m ...
International collective management organisation Sacem achieved record revenues in 2016 and returned more money to its members than ever before.
Last year saw Sacem deliver record royalty distributions of €1.2 ...
Universal Music Group’s revenues rose 12.7% in Q1 2017 to €1.284 billion, up from €1.119bn year-on-year.
The major’s recorded music revenues for the period increased 12.2% to €1.016bn, up from ...
Warner Music Group has today revealed its Q2 earnings for the three-month period ending March 31, with total revenues up 10.7% year-on-year from $745 million to $825m (12.7% in constant ...
The global recorded music market grew by 5.9% in 2016 to $15.7 billion, according to the IFPI’s new Global Music Report, achieving its highest growth rate since the organisation began ...
PRS For Music chief executive Robert Ashcroft has given Music Week the inside track on the collecting society’s record-breaking 2016 performance, after over half a billion pounds was paid out ...
BMG’s revenues increased by 12.2% in 2016, up from €371 million in 2015 to €416 million, the company announced this morning.
The rise in revenues was precipitated by the company’s ...
Universal Music Group has reported revenue growth of 4.4% in 2016, up to €5.26 billion.
The growth was driven by a whopping 57.9% increase in its streaming revenues, which more ...
