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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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Domhnall Gleeson & Taylor Swift
@taylorswift (Instagram)

Domhnall Gleeson & Taylor Swift

Pop

Taylor Swift Drops Two Extended Versions of ‘Opalite’ Video With Hilarious Behind-the-Scenes Outtakes: ‘Never Want to Forget a Single Detail’

The bonus versions include Swift describing the genesis of the throwback clip.

A week after dropping the hilarious, retro ’90s video for “Opalite,” Taylor Swift is doubling down with two extended versions of the star-studded clip. In an Instagram post announcing the bonus footage on Friday morning (Feb. 13), Swift shared a series of behind-the-scenes screen grabs from the set, writing, “I never want to forget a single detail of this hysterical shoot, and now I don’t have to! Excited to share more of the ‘Opalite’ Music Video with two extended versions full of dance lessoning, our phenomenal cameos, camcorder footage, gigantic scrunchies & fanny pack angles!”

In the first extended cut, after the full official video featuring dance partner Domhnall Gleeson, as well as Lewis Capaldi, Greta Lee, Jodie Turner-Smith, Graham Norton and Cillian Murphy unspools, Swift pops up on old school TV explaining the genesis of the clip that had a real-life inspiration. “For like a year I was like, ‘what would I do for the ‘Opalite’ video?’,” Swift says, explaining that the idea for the visual she wrote and directed was hatched when she appeared on Norton’s British chat show in October with a panel that became the cast of the video.

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