Music Industry News

SiriusXM Adds 210,000 Subscribers This Quarter ⁠— Pandora Subscribers Plunge

SiriusXM’s financials reveal the company added roughly 210,000 net subscribers, while earnings slipped substantially.  The story at Pandora wasn’t rosy. The company’s third-quarter 2019 total revenue was $2.0 billion, which increased by 37% compared to last year. That boost comes from the completion of the acquisition of Pandora Media in February this year. SiriusXM reported net […]

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Music Industry News

Global Anti-Piracy Coalition Battles an Overlooked Enemy ⁠— Password Sharing

The Alliance for Creativity and Entertainment (ACE) is turning its attention to password sharing among streamers. The organization hasn’t announced any concrete measures, but they are looking into best practices for tackling the issue. ACE was founded to combat torrent piracy, but password sharing is a new hot-button issue. ACE consists of several high profile […]

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Music Industry News

EU Study Reveals a Dramatic Decline in Music Piracy Among Young People

A study by the European Union (EU) Intellectual Property Office indicates that only 49% of people between the ages of 15 and 24 accessed pirated digital content over the past year. This represents a decline in piracy of 22% since 2016 when 60% of people used pirated content. The news is even better for the […]

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Music Industry News

Apple Reports Record Services Revenue, Tops Earnings Estimates

Apple just released its 4th quarter financials for the period ending September 30, in which services such as Apple Music generated a record $12.5 billion in revenue. Services revenue at the company increased a whopping 18% over the same period in 2018. These services include the following: Apple Music App Store Apple Pay iCloud On […]

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Music Industry News

Streaming Giant Balks at Mechanical Licensing Collective’s $66.25 Million Startup Budget

The Mechanical Licensing Collective’s healthy startup budget is meeting resistance from at least one major streaming platform. Just how much does it cost to start a US-based licensing agency for streaming mechanicals? The newly-minted Mechanical Licensing Collective, backed by major publishers like Warner/Chappell Music, Sony/ATV Music Publishing, Downtown Music Publishing, and others, recently submitted a $66.25 […]

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Music Industry News

What Plateau? Sony Music Quarterly Streaming Revenues Boom 21%

Earlier today, Sony Music reported its second-quarter financial results for 2019, with music streaming driving a sharp increase in revenues. In the period ending September 30th, Sony Music reported an operating income of 37.5 billion yen ($344 million), which is a 19% increase over the same period the year before. These results include the following operations: Sony […]

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Music Industry News

Apple Music Is Producing a Short Film for Miranda Lambert’s Latest Release

Apple will release a new original short film showcasing the making of the latest studio album from Miranda Lambert. Wildcard is Lambert’s seventh studio album and will release later this week. Apple released a teaser for the upcoming short film today. ‘Behind Miranda Lambert’s Wildcard‘ gives fans a taste of Lambert discussing laying down tracks. […]

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Music Industry News

Sony Music Thinks the ‘Family Entertainment’ Market Is Untapped, Launches a New Label To Address It

Trying to capitalize on what it considers an “untapped” market, Sony Music UK is launching a label dedicated to children’s music. The new Sony Music UK label will be named Magic Star. Heading it will be Will Speer, who previously worked at NBCUniversal. There he ran international marketing operations for NBCU Kids, DreamWorks TV and […]

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Music Industry News

Spotify’s CEO Once Called the Black Keys to Explain Why Their Royalties Were So Bad

After Black Keys drummer Patrick Carney publicly complained about his royalties, Spotify CEO Daniel Ek gave him a call to explain how streaming really works. The Black Keys certainly aren’t the only band feeling stiffed by streaming platforms like Spotify.  But given their level of popularity and profile, their complaints got a lot more attention. […]

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Music Industry News

Anthem Entertainment Acquires a Trove of Hits from Boardwalk Music Group

On October 29th, Anthem Entertainment acquired from Boardwalk Music Group a catalog that includes songs from Halsey, Meghan Trainor, Lizzo, Leon Bridges, Jason Derulo and Pitbull. The songs, which were written by Eric Frederic (Ricky Reed), include the chart-breaking single for Lizzo “Truth Hurts” as well as “Good as Hell.” Also included in the catalog are […]

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