Music Business News: North America

Post Malone tops Drake’s streaming record in the US

beerbongs & bentleys tallied over 288,000 streaming equivalent album sales (SEAs)

Warner has sold $400m of Spotify stock – and says it will share money with artists and label partners

Steve Cooper confirms that three-quarters of shares have been cashed in

Warner recorded music revenues jump 15% to hit $791m in first quarter of 2018

Greatest Showman and Bruno Mars contribute to robust fiscal Q2 performance

Pandora lost $132m and 4.4m listeners in Q1 – but subscription revenues jumped 61%

Company's subscription business turned over $104.67 in first three months of 2018

Live Nation revenues hit $1.48bn in Q1, with a $41m net loss

Operating loss narrows considerably in quarter to $6m

Amazon Prime Video launches documentary series with Meek Mill

Episodes detail rapper's fight for exoneration from the US criminal justice system

Reservoir acquires nearly 500 songs from Hoagy Carmichael catalog

Global deal includes nearly 500 songs

Spotify subscriber base reaches 75m, as firm’s revenues grow 37% in Q1

Company added an average of 1.3m new subscribers per month in Jan-March