Music Business News: North America

Spotify lost the equivalent of $2.2m every day in 2020… as it spent over $1bn on sales and marketing in the year

MBW shines the spotlight on SPOT's 2020 fiscal results – on the black ink... and the red ink

Spotify subscriptions grew to 155m in 2020, Monthly Active Users topped 345m

Spotify published its financial results today

Concord promotes seven executives to VP, SVP and EVP roles

Promotions occurred across all of the company’s business areas in Los Angeles, New York and London

After leaving Spotify last year, Joe Budden takes podcast to Patreon, joins firm as Head of Creator Equity

First exclusive episode of The Joe Budden Podcast to launch on February 8

Why Soundcharts, used by all three major record companies, is ‘not your typical music data aggregator’

Soundcharts CEO, David Weiszfeld, on the music industry's future evolution – and his company's role in it

Sony Music revenues soared above $4.5bn in 2020, after huge final quarter of the year

Sony Music's streaming revenues jumped by 19.5% in 2020, and by 26% in calendar Q4

Bill Evans upped to Executive Vice President, Urban Promotion at Capitol Music Group

He will continue to lead the strategy and execution of the company’s Urban and R&B radio campaigns

Will Tanous promoted to Executive Vice President, Chief Administrative Officer at Universal Music Group

Tanous will continue to serve as a member of the company’s Executive Management Board