revenues

Spotify paid out $9 billion to music rightsholders in 2023 – equivalent to 63% of its annual revenues – Uptrends

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Spotify paid out billion to music rightsholders in 2023 – equivalent to 63% of its annual revenues – Uptrends

  “Right now the CEO of TikTok is probably sitting at home watching this show, eating an ice-cream, crying, seeing all of his exes in one room. And you know what, TikTok? Shame on you. Shame on you for ripping off all of these artists. How dare you do that? [Pause] That’s Spotify‘s job.” Daniel … Read more

Warner Music Group enjoyed its best-ever quarter in calendar Q4, with recorded music streaming revenues up 14% YoY – Uptrends

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Warner Music Group enjoyed its best-ever quarter in calendar Q4, with recorded music streaming revenues up 14% YoY – Uptrends

  Warner Music Group has published its financial results for the final three months of calendar 2023. According to the company’s fiscal Q1 (calendar Q4) results for the three months ending December 31, 2023, WMG saw its quarterly global revenues reach USD $1.748 billion. A bit of housekeeping before we dig into the numbers: WMG noted that … Read more