Sony Music reporting almost 20% year-on-year increases thanks to streaming

Sony music have released their financial report for the ¬†quarter of 2017, showing continued, considerable growth year-on-year. The introduction of streaming has seen boosts around many parts of the music industry, providing rising profits for…

PRS For Music booming with artist payouts growing record 11% in 2016

The UK collection society PRS For Music just reported it’s best profits ever, great news for indie artists – but is it all good news? PRS For Music’s reports for 2016 have come back and…

Music streaming is soaring in Australia as profits fly upwards

As music streaming boosts profits in the industry around the world Australia is seeing massive growth with 2 consecutive years of booming music popularity. The music industry in Australia is on the rise for another…

SoundCloud raise $70 million in debt funding following “uncertainty”

SoundCloud have managed to acquire a massive $70 million in loan funding, earlier than their 2015 accounts predicted they would need to raise funds. According to new filings with the Companies House in the UK…

Music streaming is making Universal Music more than physical music sales

Universal Music Group’s 2016 performance shows incredible growth with it’s best fiscal performance ever despite dropping physical and download sales – thanks to streaming. Vivendi, who took 100% ownership of Universal Music Group in 2006,…

Apple say Apple Music has “well past 20 million” subscribers

After revealing that they ended the year with 20 million subscribers Apple are now proudly boasting that since then they’ve grown to “well past 20 million” subscribers. According to Apple’s senior vice president of internet…

SoundCloud co-founder says: Streaming is about to “really explode”

In a recent interview SoundCloud co-founder Eric Wahlforss shared his opinions on the music streaming landscape, it’s future and SoundCloud’s place within. Eric Wahlforss recently spoke to the Telegraph¬†on various aspects of his massive, open…

Music streaming now has more subscribers than Netflix after a phenomenal 2016

It’s been a few weeks since we got a reminder of how successful music streaming but the news that Netflix is no longer more popular than music streaming is a major reminder. In recent years…

Unstoppable Apple Music now has 20 million subscribers in just 1.5 years

Eddy Cue has revealed that Apple Music has now reached 20 million subscribers, proving they’re still a force to be reckoned with in streaming. Since launching last June Apple have grown their music streaming service…

Music streaming drove 8.1% growth in recorded music business

The past few years have seen a resurgence in what many were worried was a dying music industry, with music streaming enabling 2 years of growth after 10 years of decline. Reported by Bloomberg, from…