News In key markets outside the US, TikTok’s revenues soared 75% to $4.6bn last year, but losses widened amid $1bn in legal costs TikTok's massive increase in European, LatAm and African revenue was more than offset by a sharp spike in expenses
News Tencent Music Entertainment owned 2,564 active patents and 4,295 registered trademarks at the end of 2023 TME had applied for 4,768 patents in China and abroad as of the end December 2023
News ABBA Voyage generated $129m in 2023, as virtual concert series attracts 1.1m visitors London's ABBA Voyage saw a significant jump in 2023 earnings, as the immersive concert experience continues to attract large audiences.
Analysis News France’s recorded music market generated $450m in H1, as paid subscription revenues grow 11.3% YoY Sixteen of the top 20 albums in France in H1 2024 were domestically produced
News Local artists absolutely dominate EU charts, but Europe falling behind on music exports: IFPI In the 22 EU markets tracked yearly by IFPI, 60% of the Top 10 tracks were by domestic artists, compared to 47% in non-EU markets
News Beggars Group is now a £100m+ annual revenue company Nevertheless, the record company has seen its operating profit slide amid rising costs
News Spotify has added 10 million paying subscribers this year. So has Tencent Music. TME has half the paying subscriber base of Spotify, but has kept pace with Spotify's growth
Analysis News Warner Music Group generated $1.55bn in calendar Q2; subscription streaming revenues rose 13.7% YoY Warner Music Group has published its financial results for the three months ended June 30, 2024 (calendar Q2 – the company’s fiscal Q3)
Analysis News Universal Music generated $3.15bn in Q2 – driven by top sellers Taylor Swift, Billie Eilish, SEVENTEEN and more Universal Music Group has published its financial results for the three months to the end of June
Analysis News Global on-demand audio streams grew 15.1% to reach 2.29 trillion in H1, according to Luminate’s Midyear Music Report Market monitor Luminate has published its Mid-Year report for H1 2024
News There are 8bn user-curated playlists on Spotify, 725m created this year alone, Daniel Ek says The streaming service has been working to make playlisting a more attractive feature for its subscribers
Analysis News Amapiano streams exploded by 5,668% on Spotify between 2018 and 2023 Spotify credits pandemic lockdowns for the sudden success of this South African musical genre
Analysis News TuneCore has paid out over $4 billion to self-releasing artists to date TuneCore has paid out around $1 billion since December 2022
Analysis News PRS for Music paid out a record $1.2bn to songwriters, composers and music publishers last year Total royalty distributions increased by 12.8% YoY
Analysis News Olivia Rodrigo’s ‘Sour’ is the most streamed album by any female artist ever on Spotify (yes, including Taylor Swift) Olivia Rodrigo’s debut album continues to smash records three years after its release