Germany’s recorded music revenues increased 4.8% in the first half of 2020 despite COVID-19

Thanks to huge continued growth of music streaming, Germany’s recorded music revenues rose, despite physical media taking a hit during the global pandemic. Coronavirus has negatively impacted a large portion of the recorded music industry…

NetEase Cloud Music saw huge revenue growth – Q2 2020 earnings call

Internet technology company NetEase hint at big numbers from NetEase Cloud Music in their Q2 2020 earnings call. NetEase Cloud Music is one of the big three music streaming service in China, along with Tencent…

Tencent Music’s Q2 financial results show 47.1m paying music users

Tencent publish their Q2 financial results, showing very impressive subscriber, revenue and profit growth in 2020. Tencent Music Entertainment’s Q2 financial highlights are as follows: Online music paying users grew 51.9% year-over-year to 47.1 million,…

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…

Amazon Music subscriptions are up 104% year-on-year

The latest Q1 2020 streaming subscriber stats from Counterpoint Research confirm previous reports, with Spotify and Apple Music dominating the space, as well as increadible growth from Amazon. Last month’s Q1 market share stats from…

TikTok named a threat to YouTube as it makes 2020 it’s year

TikTok was already rocketing up app charts around the world and now with the world on lockdown it’s making more connections than ever. YouTube are the long-standing video giants and it’s long been thought that…

JioSaavn launches rewards for subscribers as it announced growth of 4x

JioSaavn are raking in the music streamers having quadrupled their paying subscribers since the start of 2019 and a brand new rewards system. JioSaavn is a hit in India where they claim to have become…

China’s video streaming platform Bilibili boast staggering numbers

Bilibili has been called China’s YouTube, with millions of content creators and users. Bilibili’s Q1 results show over 172 million monthly active users, a 70% year-on-year growth. Launching as a platform for a niche youth…

Tencent have gained 50% more paying users in the last year with 657m total users

Tencent’s latest report shows paying users are growing steadily converting more of their almost 700 million users than last year to pay for music. Chinese music streaming company Tencent Music are behind some of China’s…

How are Spotify doing during Coronavirus? They publish 2020 Q1 report

Spotify have released their Q1 earnings report for the year, revealing how they’re doing following their best year ever and during an unprecedented pandemic. Spotify have revealed that they’ve seen faster growth than ever before…