7digital to acquire 24-7 after 15% rise in revenue and look to £3m fundraising

As 7digital’s revenues rise they look towards £3 million in fundraising and taking over their only remaining European competitor – ’24-7 Entertainment’. UK music company 7digital are making some big moves as they plan to…

Somehow Napster just reported $1.6 million quarterly profit

After Rhapsody bought ex-music piracy site Napster and strangely rebranded itself with their name and logo the brand is showing it’s first profit for years. Rhapsody was one of the OG music services starting all…

Warner Music screw independent music stores by ending sales to small retailers

Warner Music have revealed that they will stop selling to music shops that make less than $10k for them a year, because being an independent retailer isn’t hard enough as it is. Warner Music have…

Spotify Payouts Up 85% To $1.8 Billion in a Year for Music Industry

Spotify’s road of success is showing no signs of slowing down as it’s been revealed that Spotify’s revenue has increased 80% in 2015, with an 85% increase in payouts to the music industry. Whoever said…

Glastonbury Festival 2014 Made Less Than 50p Per Ticket As Profits Plummet

Glastonbury is the largest greenfield festival in the world and brings over 150,000 people a year for the five day festival of music, dance, performance and more music. You would think that a festival as…

Warner Music Group Reports Higher Profits on Lower Sales for

Even though there has been a big decline in CD sales, which is expect to continue, Warner Music Group managed to actually meet analysts’ expectations and remain strong. 2008 fiscal year revenue grew 3% to…