Industry News
Industry News: “Sony ATV Unhappy With Apple Streaming Deal For Songwriters”
Sony Music and Sony/ATV are both holding out on striking a deal with Apple for its soon-to-be-announced online radio service – a decision that is reportedly frustrating Warner and Universal. From the Sony/ATV side, boss Marty Bandier is demanding a ... Read More »
Industry News: “41.6% Of Warner Music Group Total Revenue Is Now Digital Revenue”
Warner Music Group posted gains in the quarter ending January 31st. Revenue rose 8% to $675 million from $623 million a year earlier. Operating income rose 159% to $57 million and operating income before depreciation and amortization (OIBDA) increased 37% ... Read More »
Do The Maths: Vevo’s AD Rates Are $25-$35 (CPM) How Much Do The Artists Make?
A brief look into the numbers behind VEVO. Vevo’s advertising is fairly stable with average CPM (cost per thousand) rates of $25-$35, which is in line with forecasts by Credit Suisse for 2013 that expect premium online ads to cost ... Read More »
#ADTV Industry News: “Music Streaming Revenues Will Overtake Downloads in 2013″
Global revenues from mobile music streaming services are expected to rise by more than 40 per cent this year, according to a report from Juniper Research, to a total $1.7bn (£1.1bn). Even more interestingly, this figure will actually overtake the ... Read More »
Industry News: “Twitter Ventures Deeper Into Music Discovery Platform”
Twitter acquired the music discovery service We Are Hunted last year and is using its technology to build a standalone music app, CNET has learned Read More »
Industry News: “UK Music revenue down 6.1% in 2012″
Recorded music revenue in the UK was down 6.1% year-on-year in 2012, according to the IFPI’s Recording Industry in Numbers 2013 report. As part of the global trade body’s worldwide round-up the UK’s recorded music revenue totaled £835.2 million compared ... Read More »
Industry News: “Roc Nation Sign Exclusive Worldwide Deal With Universal”
Universal Music Group and Roc Nation, the entertainment company founded by Jay-Z, announced today that they have entered into a multi-year, worldwide partnership under which the Roc Nation music label will operate as a standalone label within the UMG family, ... Read More »
Industry News: “PRS for Music revenue up 1.7%”
The importance of publishing is further illustrated by PRS latest figures in music week. PRS for Music income rose by 1.7% last year to a record £646.4m as online royalties surpassed £50m annually for the first time Read More »
Industry News: “Def Jam President Joie Manda Resigns”
In a surprise announcement, Joie Manda has resigned as President of Def Jam Records to relocate back to Los Angeles. As part of his relocation, he will remain within the Universal Music Group family by joining Interscope Records as President ... Read More »
Twitter to Release Its Own Music App?
Twitter is about to dive into the world of music discovery. The micro-blogging social network is reportedly about to release an application dubbed Twitter Music designed to help people find new music, according to a report from CNet. The application ... Read More »
