Stat Of The Week

Shazam notes that’s equivalent to 12 songs identified for every person on Earth

TME added 2 million net subscribers in Q3 compared to the prior quarter (Q2)

Universal Music Group has published its financial results for the three months to the end of September.

In its latest report, CISAC sees a slowdown in digital revenue growth ahead, and calls for regulation of AI.

TikTok's massive increase in European, LatAm and African revenue was more than offset by a sharp spike in expenses

TME had applied for 4,768 patents in China and abroad as of the end December 2023

London's ABBA Voyage saw a significant jump in 2023 earnings, as the immersive concert experience continues to attract large audiences.

Sixteen of the top 20 albums in France in H1 2024 were domestically produced

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

Nevertheless, the record company has seen its operating profit slide amid rising costs

TME has half the paying subscriber base of Spotify, but has kept pace with Spotify's growth

Warner Music Group has published its financial results for the three months ended June 30, 2024 (calendar Q2 – the company’s fiscal Q3)

Universal Music Group has published its financial results for the three months to the end of June

Market monitor Luminate has published its Mid-Year report for H1 2024

The streaming service has been working to make playlisting a more attractive feature for its subscribers