Analysis News Believe’s revenues jumped by 37% YoY in Q3. It’s just raised its FY forecast for the second time this year. Believe is on course to turn over more than €750 million this year, up by around a third vs. 2021
Analysis News HYBE generated revenues of $312m in Q3, up 30.6% YoY HYBE publishes investor filing for the three months to end of September
Analysis News Spotify considering buying MENA-focused rival Anghami (report) Anghami listed on the NASDAQ in New York in February
Analysis News Pandora now has fewer than 50m monthly active users Figure is more than 30 million MAUs smaller than Pandora's audience in late 2014
Analysis News Why ingesting 100,000 tracks a day may not prove sustainable for Spotify’s business in the long-term. Why it's worth keeping an eye on Spotify's hosting costs as over 100k tracks a day hit streaming platforms
Analysis News Amazon expands Prime member music access to catalog of 100m songs Catalog access increases from 2m to 100m songs for Prime members
Analysis News Sony generated $2.15bn from recorded music and publishing in calendar Q3 – up 16.4% year-on-year Beyoncé's RENAISSANCE was Sony Music's biggest-selling recorded music project in calendar Q3 2022
Analysis News Sir Lucian Grainge on the dilution of the majors’ music on streaming platforms, TikTok’s future and more Grainge participated in a Q&A on Universal Music Group's Q3 earnings call last week
Analysis News From UMG’s 13.3% YoY revenue growth in Q3 to Spotify’s 7m new subscribers… it’s MBW’s Weekly Round-Up Our biggest stories of the week, brought to you in association with Centtrip
Analysis News Taylor Swift’s Midnights (3am Edition) has generated over $1.3m in sales on Tencent’s QQ Music in China Midnights continues to perform well in China
Analysis News Universal generated nearly $1 billion from subscription streaming in Q3, as overall revenues grew 13.3% YoY UMG published its financial results for the three months to end of September 2022
Analysis News Global songwriter royalty collections topped $10bn in 2021, but were still below pre-pandemic levels CISAC has published its Global Collections Report 2021
Analysis Blog HODL the Line: The future of Web3 in the music industry Gregor Pryor, Head of Entertainment & Media at law firm Reed Smith, explores the future of Web3 investment in the music industry
Analysis News YouTube’s Q3 ad revenue slides 1.9% YoY amid ‘shift in user behavior’ YouTube ad revenue in Q3 came in at $7.07 billion
Analysis News $200m SPAC, The Music Acquisition Corp, files to liquidate early and delist shares from NYSE Neil Jacobson's SPAC cites multiple reasons for delisting request