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…
The Nigeria Centre for Disease Control and Prevention, NCDC, has expressed concern over the increasing death rate from Lassa fever, revealing that 214 people have died from the disease across the country in 2026. According to the agency’s latest situation report released on June 22, the Case Fatality Rate, CFR, has risen to 25 per…
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…
The Kaura-Namoda South Constituency by-election in Zamfara State has been described as largely peaceful, with voters turning out in large numbers to exercise their franchise. The election followed the death of the lawmaker representing the constituency at the Zamfara State House of Assembly, Aminu Kasuwar-Daji, who passed away earlier this year. At polling units…
Germany’s recorded music trade group says it still sees potential upside ahead, despite a slowdown in the growth rate of recorded music sales. The German Music Industry Association (BVMI) says recorded music sales in the first half of 2025 hit EUR €1.157 billion (USD $1.36 billion at the average exchange rate for Q2 2025),on a…
Zamfara State Governor Dauda Lawal has been caught in a web of contradictions after claiming in a recent live television interview that his administration has not borrowed any money since assuming office in 2023. However, official budget performance reports obtained by SaharaReporters tell a completely different story. Governor Lawal, while speaking during a…
First City Monument Bank recorded a Profit Before Tax of N111.9 billion for the financial year ending December 31, 2024. This was confirmed in a corporate statement released through the Nigerian Exchange Limited on Thursday. The statement revealed that PBT grew by 71 per cent, impacted by a 56.6 per cent decline in revaluation income…
Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce their touring costs. Music rights acquisitions were big news this past week,…
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…
Stampedes during palliative distributions in Nigeria have left many dead and injured. Since President Bola Tinubu took office on 29 May 2023, at least four major incidents have been reported. These incidents have raised concerns about worsening economic hardship in the country. On 23 February 2024, a stampede occurred at the Nigeria Customs Service (NCS)…
