SONY MUSIC EARNED $1.2BN FROM STREAMING PLATFORMS IN 2016

Sony Music Entertainment generated 134.83bn Yen ($1.24bn) from streaming music in calendar 2016 – and 40.65bn Yen ($372m) in the three months to end of December alone. That means Sony’s recorded music division is now earning approximately $124m every month, $31m every week, $4m every day and $167,000 every hour from the likes of Spotify and…

STREAMING REVENUE HAS ALREADY TOPPED $1BN AT UNIVERSAL THIS YEAR

STREAMING REVENUE HAS ALREADY TOPPED $1BN AT UNIVERSAL THIS YEAR Streaming revenues from recorded music comfortably surpassed $1bn at Universal Music Group in the first nine months of 2016. From January-September, UMG’s recorded sales from streaming and subscription services reached €1.03bn ($1.1bn) – up 64.3% on the same period in 2015 (at constant currency and…

The Beatles Are Back…

The Beatles Are Back… Kind Of, Listen To Them On All Streaming Services Now! Well this is amazing news for all music fans! As an early Christmas gift, The Beatles’ lengthy catalog is available on all major streaming platforms right now! That means that as long as you either subscribe to or use any of…

A NEW ENTRY INTO THE STREAMING MUSIC WORLD

A NEW ENTRY INTO THE STREAMING MUSIC WORLD The popular freemium file transfer site WeTransfer.com is set to announce their entrance into the field of streaming music services, though their approach will be a bit different as compared to Spotify or Apple Music. WeTransfer currently serves 85 million users per month, and hopes to grow…

PRS FOR MUSIC AND IMPEL SIGN NEW SPOTIFY LICENSING DEAL

PRS FOR MUSIC AND IMPEL SIGN NEW SPOTIFY LICENSING DEAL AUGUST 24, 2015  BY MUSIC BUSINESS WORLDWIDE Spotify has signed a new two-year licensing deal with UK-based CMO PRS For Music. The deal covers the repertoire of PRS for Music and Irish society IMRO members in the UK & Ireland. In addition, it covers repertoire…