Tuesday, June 7, 2022

Glenn Peoples

After Deezer Failed to Go Public Years Ago, Now Timing Is Everything

Since 2020, nine music-related companies — including the first- and third-largest record labels — have gone public to take advantage of renewed investor interest in a once-struggling industry. Add French music streaming service Deezer to the list.According to a...

Virtual Avatar Company Genies Raises $150M at $1B Valuation

Genies, a Los Angeles-based avatar startup with close ties to the music industry, raised $150 million in Series C funding led by Silver Lake and existing investors Bond, NEA and Tamarack Global, the company announced today. The deal values...

The Ledger: For Streamers, Does Catalog Size Matter?

The Ledger is a weekly newsletter about the economics of the music business sent to Billboard Pro subscribers. An abbreviated version of the newsletter is published online.If millions of songs are uploaded to streaming services yearly and no one...

The Ledger: Inside Universal Music’s 2021 Annual Report

The Ledger is a weekly newsletter about the economics of the music business sent to Billboard Pro subscribers. An abbreviated version of the newsletter is published online.Universal Music Group’s first-ever annual report, released Thursday, offers an exhaustive look at...

CTS Eventim Revenues Grew Nearly 60% in 2021 With Help of Economic Aid

German ticketer and concert promoter CTS Eventim generated revenue of 407.8 million euros ($449 million) in 2021 – half of which came from government COVID-19-related economic aid, the company announced Thursday (March 24). That was up 58.8% from 256.8...

The Ledger: Should Music Streamers Follow Netflix’s Lead on Account Sharing?

The Ledger is a weekly newsletter about the economics of the music business sent to Billboard Pro subscribers. An abbreviated version of the newsletter is published online.The music business should watch what Netflix is doing in select Latin American...

After Months Declining, Music Stocks Tick Up as Fed Raises Interest Rate

Music stocks that had been pummeled in recent months received a respite on Wednesday (March 16) after the Federal Reserve moved to combat inflation and soaring economy by raising the federal funds rate from 0.25% to 0.50%. The federal...

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