SoundCloud’s 2019 revenue was up 37% year-on-year, with Q3 2020 as their first profitable quarter

A recent annual report on Companies House shows SoundCloud took €147.6m ($165.7m) in revenues in 2019, as well as a very impressive Q3 2020. The streaming platform reported its first ever profitable quarter in Q3…

Guitar Center Files For Bankruptcy

America’s largest instrument retailer has filed for bankruptcy.

Music by Numbers 2020 report reveals music industry’s £5.8bn boost to economy before Covid-19 hit

The UK Music annual report shows impressive growth in the UK music industry before pandemic hit.

5 Ways To Support Artists During The Pandemic

Artists need your support more than ever, here are 5 simple ways to do so.

COVID-19’s impact on APRA AMCOS royalty payments

Image credit: APRA AMCOS The Australian copyright management organisations APRA AMCOS detail the affects COVID-19 has had on April – June 2020 royalties. The copyright collectives APRA (Australian Prudential Regulation Authority) AMCOS (Australasian Mechanical Copyright…

Vimeo raised $150m as its parent company consider a spin-off of the video platform

Amid record revenue growth, US holding company and parent of Vimeo, IAC raised $150m for the video hosting/sharing platform and detail plans to separate Vimeo as its own company. During IAC’s Q3 earnings report, CEO…

New York state bans all ticketed events, effectively cancelling all live music gigs

After some venues re-opened their doors, new coronavirus guidelines have forced the doors of New York’s bars and restaurants offering live music to close. All bars and restaurants in New York state offering any live…

Music Venue Trust welcomes UK Governments decision to allow indoor performances, but warns much more must be done

After the UK Government eased lockdown rules on live shows in England, Music Venue Trust warns that only a small percentage of venues will be financially able to re-open. Venues were orignally scheduled to re-open…

How has COVID-19 impacted Spotify’s growth in 2020? Q2 results reveal all

Spotify’s long-running global growth doesn’t seem to be slowing and with the huge success of their podcasts their 2020 seems to be unaffected by the global impact of Coronavirus. Spotify have unveiled their second quarter…