LIVE NATION POSTS (ANOTHER) RECORD QUARTER Another record quarter is in the books for Michael Rapino's Live Nation, which posted Q1 revenue of $3.8b, up 21% over 2023. The strong start to 2024 presages another massive year. …Read moreUMG Q1 EARNINGS: DOUBLE-DIGIT GROWTH IN SUBS, STREAMING REVENUE UMG's 2024 Q1 results show that revenue increased nearly 8% year over year to $2.77b, driven by double-digit increases in subscription revenue (12.5%) and streaming revenue (10.3%). Publishing revenue grew 18% year over year in constant currency. …Read moreKENDRICK'S DRAKE DISS "EUPHORIA" HITS NEW HIGH Kendrick Lamar's "euphoria," a furious diss track aimed at Drake, is now #1 on Spotify U.S. with more than 5m streams and counting. …Read moreUMG AND TIKTOK WORK IT OUT UMG and TikTok have forged a new licensing agreement that will result in the return of Universal artists, songwriters and labels to the platform following a three-month absence. …Read more JAMES KING: THE HITS INTERVIEW (PART ONE) Interviewer Craig Marks tracks down AEG Presents' London-based CEO of European festivals. …Read moreTHE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL The stars were out at Carnegie Hall Monday night for the New York Pops' gala, "The Soundtrack of Our Lives: A Tribute to the Legendary Clive Davis." …Read moreNEAR TRUTHS: RADIO AND REINVENTION I.B. on promotion, gatekeeping and cultural real estate. …Read moreTOP 20: IT’S STILL TAYLOR’S WORLD Taylor Swift will repeat at #1 with more than 400k, pushing THE TORTURED POETS DEPARTMENT past 3m in activity to date. Meanwhile, PARTYNEXTDOOR is... …Read moreSONG REVENUE: ESPRIT DE CORPS There are 32 new entries on HITS’ Song Revenue Chart—and 31 of them are from Taylor Swift, who pockets nearly $4m. The lone non-TTPD debut is Drake’s “Push Ups” at #15, with $127k. This gives House Lipman the entire Top 15. Future & Metro at #18 and Island’s Sabrina Carpenter at #20 give Republic Corps 26 of the Top 30. |
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
| ||
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
|
UMG's 2024 Q1 results show that revenue increased nearly 8% year over year to $2.77b, driven by double-digit increases in subscription revenue (12.5%) and streaming revenue (10.3%). Publishing revenue grew 18% year over year in constant currency.
With news breaking overnight of a resolution between UMG and TikTok, UMG CEO Sir Lucian Grainge has provided further details on the wide-ranging pact in a letter to staff.
UMG and TikTok have forged a new licensing agreement that will result in the return of Universal artists, songwriters and labels to the platform following a three-month absence.
There are 32 new entries on HITS’ Song Revenue Chart—and 31 of them are from Taylor Swift, who pockets nearly $4m. The lone non-TTPD debut is Drake’s “Push Ups” at #15, with $127k. This gives House Lipman the entire Top 15. Future & Metro at #18 and Island’s Sabrina Carpenter at #20 give Republic Corps 26 of the Top 30.
Post Malone and Morgan Wallen have joined forces for a new single called "I Had Some Help," out 5/10.
Taylor Swift will repeat at #1 with more than 400k, pushing THE TORTURED POETS DEPARTMENT past 3m in activity to date. Meanwhile, PARTYNEXTDOOR is...
Kendrick Lamar's "euphoria," a furious diss track aimed at Drake, is now #1 on Spotify U.S. with more than 5m streams and counting.
Taylor and her DEPARTMENT are off the launchpad and generating out-of-this-world numbers. Her supernova is emblematic of a remarkable year in the music biz, as Hozier rockets to #1, country stars—and Nickelback—shine in the desert night, Myke Towers prepares to add his name to the Latin-music galaxy and Roppo is manning mission control.
A whole lot of eyeballs are on Gunpowder & Sky's video brand CUT, which is increasingly drawing musicians such as Latto and The Kid LAROI to its...
EMPIRE’s Shaboozey is making the most of country music’s hot streak (and the imprimatur of Beyoncé). The Virginia native has the hottest country cut in the U.S. with “A Bar Song (Tipsy),” now Top 5 at Apple Music and Spotify.
The T.J. Martell Foundation and Big Loud hosted a breakfast in Nashville on Wednesday to announce that Big Loud CEO Seth England will receive the nonprofit’s Lifetime Music Industry Award later this year.
SoundCloud has launched a new feature, the genre-specific Buzzing Playlists, "curated" via fan engagement.
As part of NEON16's 2024 Miami Grand Prix Big Race Week, Lex Borrero and Tommy Mottola's NTERTAIN have announced the production of a new documentary series on Colombian F1 legend Juan Pablo Montoya.
Island's Sabrina Carpenter, who just notched her first global #1 hit with "Espresso," will be the musical guest on the 5/18 episode of Saturday Night Live, hosted by Jake Gyllenhaal.
WME’s Keith Sarkisian and Kevin Shivers, CAA’s Rick Roskin, Wasserman’s Corrie Martin and UTA’s Cheryl Paglierani gathered for a Live Nation dinner party at Steak 48 in Beverly Hills to discuss who would headline if Depeche Mode, Lil Baby, Eric Clapton, Imagine Dragons and Chance the Rapper were booked to play one of Omar Al-joulani’s upcoming festivals.
Executives and artists have descended on Capitol Hill this week to lobby on behalf of AI protections, live-ticketing reform and other key issues facing the biz today.
Republic Records was honored with the Visibility Award at the 2024 GLSEN Respect Awards for the label's work with LGBTQ+ artists and allies including Billy Porter, The Scarlet Opera and Kim Petras. Republic EVP Media & Artist Relations Joe Carozza accepted the award on behalf of House Lipman. Seen here wishing we were far less visible are (l-r) Avery Lipman, Carozza and Monte Lipman.
I am a voter will be merged into HeadCount, amplifying the orgs' efforts to mobilize young voters through tech and proprietary programs.
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HITS TOP 50 CHART |
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