The RIAA (Recording Industry Association of America) has today (September 1) released its half-year figures for the recorded music industry in the United States. Those figures, which reflect wholesale revenues being paid through to labels and distributors, show that overall US recorded music revenues were up 6.9% YoY in H1 2026. Streaming generated USD $4.9…
Luminate is launching a framework to identify and measure AI-generated music. The data company, whose numbers power Billboard’s charts, says its CONNECT platform “can now flag AI-generated songs and artists worldwide,” with the labels reaching customers and partners later this year. Those labels are not visible in CONNECT yet. “We’ve built the capability in our…
Reservoir Media has published its financial results for the three months ended June 30, 2026 – the company’s fiscal Q1 2027 (calendar Q2 2026). The New York-headquartered music company generated $41.5 million in the quarter, up 12% YoY, or 6% organically excluding acquisitions. Revenue growth was propelled by a 6% YoY rise in music publishing…
Universal Music Group generated revenues of EUR €3.294 billion (USD $3.83bn) across all of its divisions (including recorded music, publishing, and more) in Q2 (the three months ending June 30, 2026). That’s according to UMG‘s fresh set of quarterly results, published today (July 30). They reveal that UMG’s overall Q2 revenue grew 13.3% YoY at…
Sony‘s combined revenues from recorded music and music publishing topped USD $3 billion for a second consecutive quarter in calendar Q1 2026 (January–March), generating an estimated $3.03 billion in the period. That’s according to MBW’s calculations based on Sony Group Corp‘s calendar Q1 2026 (fiscal Q4, FY2025) results, as announced by the Japanese conglomerate today…
Fortune’s Southeast Asia 500, which measures the largest companies in the region by revenue, covers seven economies: Indonesia, Thailand, Malaysia, Cambodia, Vietnam, the Philippines, and Singapore. Indonesia, Southeast Asia’s largest economy in terms of both GDP and population, has the biggest footprint on the list, covering more than a fifth of the total ranking with…
The Cross River State Government has revealed that it generated ₦55.5 billion and spent ₦33.46 billion in the first quarter of 2025, with capital expenditure accounting for 35% of total spending. The disclosure was made by the Special Adviser to the Governor on Budget, Mr. Otu Ita Ita, during a budget engagement session with civil…
Paris-headquartered music company Believe has published its financial results for FY 2024 (the 12 months ending December 31). According to Believe’s filing, the company generated revenues of EUR €988.8 million in 2024 across its entire business. That annual revenue figure converts to USD $1.070 billion at the annual EUR-USD exchange rate published by the IRS. The company’s FY…
Sony’s global music rights operation – across recorded music and music publishing – generated USD $2.70 billion in the three months to end of December 2024. That’s according to MBW’s calculations based on Sony Group Corp’s calendar Q4 2024 (fiscal Q3) results, as announced by the Japanese firm today (February 13). The $2.70 billion figure…
Assuming Zamfara wants to pay salaries from its internally generated revenue, it would only pay 55% of workers’ salaries in 2025. Zamfara State’s proposed 2025 budget reveals a significant disparity between its expenditure plans and internal revenue generation. The state aims to spend a whopping N546 billion in the 2025 fiscal year, but it only…
