Media +Technology Intelligence
BMG saw its half-year revenues grow 9% YoY at constant currency to €296 million ($357m) in the six months to end of June. That represented the music rights company’s best-ever midyear performance since it was formed in 2008. 62.9% of BMG’s revenues in the first half of 2021 were from publishing, with 37.1% from recordings. Read More …
Current Primephonic subscribers are set to receive a free six-month Apple Music subscription, as Apple higher-ups don’t intend to roll out an updated version of the classical music service until 2022. “Apple Music plans to launch a dedicated classical music app next year combining Primephonic’s classical user interface that fans have grown to love with Read More …
These days, what happens in China echoes from Stockholm to Los Angeles. Tencent Music’s share price, which hit an all-time high on March 23, fell a whopping 74.6% as of Aug. 23, wiping out $40.1 billion of market capitalization. Among its major shareholders is Spotify, which in December 2017 acquired an 8.4% stake in the Read More …
Netflix is eyeing a more traditional theatrical release for some of its future films, according to a report from JPMorgan out of CinemaCon. Analysts from the firm, who attended the movie theater industry’s largest conference last week in Las Vegas, said they met with management teams from several exhibition companies who said there is a Read More …
Over the last nine months, Roblox has partnered with Zara Larsson, Royal Blood, Ava Max, Why Don’t We and Lil Nas X on music experiences such as virtual concerts (where artists perform as avatars) and new-release launch parties (where, like KSI’s performance, the artist beams in on a video screen), all spearheaded by Roblox global Read More …