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FYI

Report Shows Majors Earning $800K/Hour From Streaming Services

A report by Music Business Worldwide has outlined just how much income major record companies are collecting from streaming.

Report Shows Majors Earning $800K/Hour From Streaming Services

By External Source

A report by Music Business Worldwide has outlined just how much income major record companies are collecting from streaming.


MBW crunched the figures for 2018, and worked out from investor filings from Universal Music Group (UMG) parent Vivendi, Sony Music parent Sony Corp and Warner Music Group, that The Big Three earned US$$6.93 billion from streaming.

Combined, that’s an average of $19 million a day, and just under $800,000 per hour.

Breaking down the figures further, MBW determined that Universal’s streaming revenue grew by 39% to top $3 billion for the first time, Warner was second with a 27.6% jump to $1.83 billion, while Sony had a 22.3% increase to over $2 billion. -- Continue reading the analysis and view the graphs on the MBW website

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Intro

Billboard Canada 2025 Power Players List Revealed

By Richard Trapunski, Rosie Long Decter, Peony Hirwani, Stefano Rebuli and Heather Taylor-Singh

Billboard Canada Power Players is back for a second year, and it comes at a pivotal time for Canadian music. Canadian Content regulations – a principle that built the domestic industry – are up for review for the first time in a generation, with ongoing hearings taking place with the CRTC. The Online Streaming Act, meanwhile, is attempting to regulate major foreign streaming services to contribute to CanCon as the CRTC once did for radio, but companies like Spotify, Amazon and Apple Music aren't taking it without a fight.

Those issues shadow the industry, which has both struggles and successes. The country was recently named the 8th largest music market in the world by the IFPI and Toronto has emerged as a marquee live music market. That's been reflected in the successes and investments in new venues by companies like Live Nation Canada, MLSE and Oak View Group, though some festivals and promoters outside of their orbit have gone public with their own struggles.

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