Apple shared its financial results for the fiscal first quarter ending December 30. Quarterly revenue totaled $88.3 billion, up 13% on-year to reach an all-time record. The period was boosted by iPhone performance, and the company’s active installed base of devices grew 30% over two years to 1.3 billion. Continue Reading
Warner Music Group has reported its financial results for the fiscal first quarter ending December 31. The major label posted a 14% increase in total revenue to nearly $1.05 billion. The label does not detail specifics about streaming revenue, but its chief exec did credit streaming as a positive. Continue Reading
Amazon has shared its financial results for the fourth quarter and the fiscal year 2017. “Our 2017 projections for Alexa were very optimistic, and we far exceeded them. We don’t see positive surprises of this magnitude very often — expect us to double down,” Founder and CEO Jeff Bezos said. Continue Reading
TargetSpot and Entercom have entered a deal that will see TargetSpot act as Entercom’s exclusive third party national ad sales representative for streaming audio. The partnership aims to offer a brand-safe environment and positive experience for listeners. TargetSpot will also provide targeting and analytics capabilities for improved campaign effectiveness. Continue Reading
Nielsen Music shared some statistics about the impact last weekend’s Grammy awards show had on streaming for the artists. Songs performed on stage were streamed more than 9.3 million times across audio streaming services on Monday, 2.1 million streams more than their combined total from Sunday. Continue Reading
Canadian collection agency SOCAN announced a record-high revenue for 2017, but the organization shared the news with a caveat. Total performing rights revenue surpassed $350 million last year, up 6.4% from the year prior. Royalties distributed to SOCAN members reached more than $300 million, a record high for the group. Continue Reading
Podcast company Gimlet Media has added a unit for film and television. Gimlet Pictures will be led by Chris Giliberti. The new division creates a home for the three projects Gimlet has already launched in film and TV, and will oversee any future developments in that same vein. Continue Reading
Dubset Media Holdings is providing Apple Music with three exclusive DJ sets from Steve Aoki, Sigala, and DJ Suss One. Each mix is built from tracks available for use through Dubset’s MixBank catalog. The technology platform helps identify rightsholders for the different tracks used in DJ sets or remixes, and secures quick approval for their use. Continue Reading