Tencent Music Entertainment Financials – Karaoke App Strong! Music Subscribers Growing

Tencent Music Entertainment had 652 million mobile monthly active users across QQ Music, Kugou Music and Kuwo Music, which was only 1.2% up year on year. However, paying subscribers grew by 33% year on year…

LiveXLive Financials Q1 2019 – Strong Subscriber Growth But Struggling on the Bottomline

LiveXLive Media just announced their Q1 2019 results and it seems like the results are very mixed. Revenues rose from $7.6 million to $9.5 million year on year. Subscribers grow by 50% year on year…

Spotify celebrate 100 million subscribers with their 2019 Q1 report

Spotify have shared where they stand after the first quarter of the year and things are looking great for the world’s biggest music streaming service. Spotify’s first quarter report shows that their growth is still…

Tencent Music Entertainment Group (TME) – Files for IPO in United States – Owns QQ Music, Kugou, Kuwo and WeSing

Tencent Music Entertainment Group (TME) has filed their IPO with the Securities and Exchange Commission in the United States. TME listed a placeholder registration for $1bn and applied to list on the New York Stock…

Pandora gets a $150 million investment as it decides whether to sell

Music streamers Pandora just received a big lump of funding whilst the company themselves mull their future, with a potential sale on the horizon. Pandora Media revealed on Monday that an investment of $150 million…

Live Nation shuts down advertising unit after financial losses

Live Nation have recently announced the closing of its advertising unit after reporting trouble generating revenue. This has caused 12 people to lose their jobs on the spot. This project was called ‘Vice Media Shutter…

Pandora hires Naveen Chopra as new Chief Financial Officer

Naveen Chopra is joining Pandora as the music streaming company’s new Chief Financial Officer following a long term with TiVo. Naveen Chopra takes the place of Mike Herring, Pandora’s president since March 2016 who has…

SoundCloud’s COO and finance director have both left

Following reports that SoundCloud could run out of money in 2017 they have lost two of their highest positions as their COO and finance director have left. Berlin based music streaming company SoundCloud have just…

SoundCloud hire their first ever CFO, Holly Lim

SoundCloud have hired Holly Lim as their first CFO to help “establish a long term view [to] maintain SoundCloud’s financial health and capitalize on new opportunities”. Holly Lim takes on the role as SoundCloud’s first ever chief…

Sony Music sales up 8.7% thanks to a 38.4% increase in streaming revenue

If anyone’s worried the rise of music streaming is causing a drop in revenue they can take comfort in Sony’s new financial report, showing soaring profits. Sony Music have released their quarterly report for April…