Spotify seems to always be in the press and this was very surprising at the start because they have actually spent less than £5000 so far on marketing in the UK. However, Spotify has now just released their first TV advertisement which is currently airing on Kanal 5 in Sweden.
If RouteNote artists haven’t already noticed we have partnered with Spotify, so if you want to get your music into this fast rising service then head to your user control panel.
I was sitting in my living this evening watching Britain’s Got Talent Final and really wondered what Simon Cowell actually owns and how much his companies make. Well I thought I would write a quick article and run through the basics of the Cowell empire.
Simon founded a record label and television company Syco which encompasses music, film and television. Within these companies they operate television shows such as The X Factor, Britains Got Talent, American Inventor, America’s Got Talent and Grease is the Word.
Cowell claims Syco accounted for approximately 40% of Sony Music Entertainment profit in 2006, despite only employing 14 people. By 2008, it was believed that Syco accounted for as much as 70% of Sony profits. In 2008 Sony music entertainment forecasted a net profit of $1.5 billion, thus making Simon Cowell’s companies estimated at $1.05 billion if they indeed did 70% of the profits.