Tag: Fiscal year

Spotify UK Reports Booming Revenue, New Focus On Advertising

Revenues at streaming music service Spotify’s UK division were up sharply, driven by sustained paid subscriber growth in 2016. According to Spotify's latest financial statement, which covers the fiscal year ending. Continue reading

Bruce Houghton on 11/01/2017 in Music Business | Permalink | Comments (0)

Tags: AltaVista, Amazon Music, Amazon Web Services, Australasia, Bahri Mamluks, Beacon Hill, Boom Beach, Boston, Fiscal year, Spotify, Tencent

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BMI Annual Royalty Distributions Top $1 Billion For First Time

BMI has distributed more than $1 billion to its songwriter, composers and publishers for the first time. Fiscal year 2017 marks the third consecutive year of record royalty growth for. Continue reading

Bruce Houghton on 09/07/2017 in D.I.Y. | Permalink | Comments (0)

Tags: Amazon.com, Earnings per share, Extended-hours trading, Fiscal year, Kim Reynolds, music, Net income, publishing, revenue, Terry Branstad, United States Ambassador to China, Wall Street

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Facebook Reports Earnings, 1.94 Billion Monthly Users (25% Of All People On The Planet)

Facebook's growth has to slow sometime, but not just yet. Yesterday, Facebook reported Q1 earnings of $8 billion, up 49% over the same period in 2016. Net profits were just. Continue reading

Bruce Houghton on 05/04/2017 in D.I.Y. | Permalink | Comments (0)

Tags: Agence France-Presse, Airline, All Nippon Airways, Automotive industry, China, Containerization, Earnings before interest and taxes, Fiscal year, Net profit, Twitter

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LIve Nation Reports Revenue Growth For 6th Straight Year

When Live Nation (then SFX) began the rollup of disparate and often warring independent promoters to form a concert promotion behemoth, many in the industry thought it was doomed to. Continue reading

Bruce Houghton on 02/24/2017 in Live & Touring | Permalink | Comments (0)

Tags: 24/7 Wall St., Budget, Debate, Earnings Per Share (EPS), Fiscal year, Mellanox Technologies, New York City, Pete Ricketts, revenue, Thomson Reuters

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Pandora Stock Recovers Friday Morning Despite $343M Loss, Disppointing Forecast, No Listener Growth

UPDATE 2: Pandora stock fell as much as 5% more in after hours trading Thursday, but recovered 4% Friday morning to an 11AM price of $3.11. Yesterday's drop came as. Continue reading

Bruce Houghton on 02/10/2017 in Music Business | Permalink | Comments (0)

Tags: Advanced Micro Devices, Advertising, and amortization, Artificial Intelligence, Bing, Calendar year, Chief financial officer, Cloud computing, depreciation, Earnings before interest, Earnings Per Share (EPS), Extended-hours trading, Fiscal year, Generally accepted accounting principles, Initial public offering, LinkedIn, NASDAQ, Net income, revenue, taxes, Wall Street

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YouTube Led Google’s 22% Growth, $26 Billion Q4. Maybe They Can Share More Of It With The Music Industry?

The music industry has recently its ire recently on YouTube and its payments to rightsholder. In a quarterly earnings call this week, the CFO of parent company Alphabet (aka Google). Continue reading

Bruce Houghton on 01/27/2017 in Music Business | Permalink | Comments (0)

Tags: Alphabet Inc., Autonomous car, Chief financial officer, Facebook, Fiscal year, Google, NASDAQ, Ruth Porat, Sundar Pichai, YouTube

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SoundExchange Payments Rise 29% In Q3, Artists And Labels Paid Jump 45%

SoundExchange payments were up 29.2% last quarter. So while the U.S. digital PRO has taken some big hits lately, mostly thanks to Pandora and other direct licensing deals, this impressive growth. Continue reading

Bruce Houghton on 11/28/2016 in D.I.Y. | Permalink | Comments (0)

Tags: Apple Inc., Fiscal year, Internet radio, IOS, Medtronic, music industry, record label, Royalty payment, SoundExchange, Wall Street

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3 Stages Of A Successful Music Launch

While an artist may have created wonderful music, how they launch it can make or break the success of the material. Here Yann Ilunga discusses what he learned in his. Continue reading

Guest Post on 09/23/2016 in D.I.Y. | Permalink | Comments (0)

Tags: Earnings Per Share (EPS), Extended play, Fiscal year, Hootsuite, iTunes, Marketing strategy, music industry, music journalism, press release, revenue

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WMG Reports 14% Revenue Growth, Cuts Quarterly Loss 80%

Warner Music Group reported that revenue grew 14% last quarter, driven in large part by digital growth of 21%. Revenue from streaming is now almost twice the size of download. Continue reading

Bruce Houghton on 08/04/2016 in Major Labels | Permalink | Comments (0)

Tags: Fiscal year, music video, Operating income before depreciation and amortization, record label, revenue, Sony, Universal Music Group, Vevo, Warner Music Group, YouTube

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Live Nation Reports Strong Earnings, Stock Soars

Over the last few quarters, Live Nation has started to feel like a solid business driven less by the touring whims of major artists and more by solid growth across. Continue reading

Bruce Houghton on 07/29/2016 in Live & Touring | Permalink | Comments (0)

Tags: AEG, Bankruptcy, Electronic dance music, Fiscal year, Live Nation Entertainment, Robert F. X. Sillerman, SFX (magazine), Short code, Text messaging, Wall Street

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