Spotify: UK adverts boom helps sales and profit surge August 20, 2024 Profit at the UK arm of Spotify increased thanks to its revenue jumping closer to the £300m during its latest financial year, it has been revealed. The music streaming giant has reported a pre-tax profit of £22.3m for 2023, according to newly-filed accounts with Companies House. The total comes after Spotify posted a pre-tax profit [...]
Virgin Records: Streaming boom and Abbey Road Studios help profit more than double August 8, 2024 The continued boom in music streaming as well as the popularity of Abbey Road Studios among major artists helped Virgin Records’s profit more than double during its latest financial year. The company has reported a pre-tax profit of £76.9m for 2023, up from the £37.2m it posted in 2022. According to newly-filed accounts with Companies [...]
Profit cut at Mercury Prize and Official Charts owner despite BRIT Awards success July 24, 2024 The organisation behind the Mercury Prize and that co-owns the Official Charts Company saw its profit cut during 2023 despite the financial success of the BRIT Awards.
Dua Lipa rakes in profit for production firm as global popularity soars July 23, 2024 Dua Lipa's increasing popularity across the world saw her production company rake in more than £20m in profit, it has been revealed.
Explainer-in-brief: Could Graceland fall out of Presley ownership? May 22, 2024 Bought by Elvis Presley aged 22, Graceland has remained in Presley hands since 1957. But could it be about to be sold?
Universal record label settles UK dispute with King Crimson over Kanye West ‘Power’ sample May 15, 2024 The Universal Music Group has settled a UK lawsuit with a representative for English rock band King Crimson over royalties for Kanye West's 'Power' song
Taylor Swift, The Tortured Poets Department review: Cathartic, but lacks a climax April 24, 2024 Have we reached Taylor Swift fatigue? Don’t be silly. But the middling response to her latest album suggests a craving for more curation.
Tu-dums and ba-da-ba-baa-baas: How the jingle got usurped by the ‘sonic logo’ April 18, 2024 With music's powerful link to memory, advertisers would be crazy to let the jingle die - and that's why they haven't, writes Anna Moloney.
‘The superstars are getting smaller’: Why emerging artists are Spotify’s golden ticket March 23, 2024 Despite industry concerns about the viability of these platforms as a way for small artists to make money, according to Spotify’s yearly report into music streaming Loud & Clear - it's starting to actually make money.
