industry news
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 »
#ADTV New Technology: “Universal Launches Pan-African Music Streaming App With Samsung”
At the 2013 Samsung Africa Forum in Cape Town, South Africa, Samsung announced that it has joined forces with global music giant, the Universal Music Group to bring music to mobile users in Africa. The Kleek is initially being rolled out in five African territories first, ... 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 »
Do the maths: “Apple pitch record labels a per-stream royalty of 0.06 cents”
Apple are back to their usual power tricks again in this latest attempt to force the music industry to bow down to its business model. According to billboard Apple has pitched record labels a per-stream royalty of 0.06 cents per stream, ... Read More »
