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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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Renforshort
Oscar Tam

Renforshort

Features

Now Charting on the Billboard Canada Airplay Charts, Toronto Pop Artist Renforshort Is Just Getting Started

With a new EP, increasing radio airplay and a recent opening slot for Avril Lavigne, the Toronto singer-songwriter is building major momentum.

After years striving, Renforshort had cracked Canadian radio.

Earlier this year, the Toronto-based singer-songwriter’s lead single, “on my way!" from her new EP, a girl’s experience, peaked at No. 16 on the CHR/Top 40 chart, dated February 15.

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