Streams Sell...

...But Who's Earning?

A little Sunday afternoon bonus post for everyone.

Don’t miss the weekly emails — they’re only a buck per week.

Sony Music Posted $1.9 Billion in Quarterly Revenue 

  • $1.16 billion from recorded music (7.3% increase) 

  • $670 million from streaming (16.2% increase) 

  • $78 million from downloads (13.5% decrease)

Sony Music owns Columbia, RCA, Epic, Century Media, and TVT.

Independent labels distributed by Sony’s The Orchard (which absorbed Sony RED in 2017) include Solid State, Metal Blade, Red Bull Records, and Pure Noise.

Warner Music Posted $1.25 Billion in Quarterly Revenue

Warner Music Group generated revenue of $1.256 billion during its first fiscal quarter, Billboard reports, a 4% improvement on the corresponding period in the previous year. The company’s net income jumped 40%. WMG’s recorded music side again accounted for over a billion of that revenue. Publishing revenue was $173 million, a 5% increase.

  • $633 million was digital (12.6% increase)

  • $589 million from streaming (17.33% increase)

  • $44 million from downloads (33% decrease)

WMG is home to Roadrunner, Fueled by Ramen, Asylum, Atlantic, East West, Elektra, Parlophone, Reprise, Rhino, Sire, and Ferret Music, among others.

Independent labels distributed by Warner’s Alternative Distribution Alliance (ADA) include Sumerian, Napalm, and Sub Pop.  

Universal Music Group reported this time last year that streaming revenue was up 31%. (I will post newer information when it’s made available.) Labels owned/operated by UMG include EMI, Capitol, Interscope, Geffen, A&M, Republic, and Spinefarm.

Spotify Made $7.44B in 2019

  • 124 million paid subscribers (29% increase)

  • 271 million monthly active users (31% increase)

  • (Claimed $186 million net loss overall)

  • See their full report here.