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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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Three Days Grace
Matt Barnes
Three Days Grace
Music News

Three Days Grace’s ‘I Hate Everything About You’ Surpasses One Billion Spotify Streams

The Ontario group is the second Canadian band to achieve this honour.

Three Days Grace are making history with their debut hit.

The Canadian rock band’s 2003 single “I Hate Everything About You” has surpassed one billion streams on Spotify. The song, which explores the tension of a love-hate relationship, originally appeared on the band’s self-titled debut album.

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