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Latin Music Sets U.S. Revenue Record For 2021 As Streaming Thrives
U.S. Latin new music earnings in 2019, 2020, and 2021. Photograph Credit rating: RIAA Latin tunes income cracked a file high of $886.1 million in the U.S. for the duration of 2021, according to a new report from the Recording Sector Association of The united states (RIAA), with streaming getting generated 96.7 {5b4d37f3b561c14bd186647c61229400cd4722d6fb37730c64ddff077a6b66c6} of the full. The RIAA exposed these and other noteworthy stats in its just-posted breakdown of Latin music’s 2021 stateside displaying. 2020 observed Latin audio create $655 million in the U.S., for each the trade association, up from $552 million in 2019. The 2021 complete signifies roughly 35.3 per cent 12 months-more than-year expansion, towards 23.4 p.c…
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Universal Music Group Reports 17{5b4d37f3b561c14bd186647c61229400cd4722d6fb37730c64ddff077a6b66c6} Revenue Hike As Streaming Thrives
Continued streaming and publishing growth helped Universal Music Group (UMG) turn in a 17.05 percent quarter-over-quarter revenue improvement during Q4 2021 and a nearly identical YoY revenue hike for all of 2021. The Big Three label revealed these and other performance specifics in its newly released Q4 2021 (and full-year) financial report. Q4 2021 marks the second quarter in which Universal Music Group has disclosed its earnings as a publicly traded company, having arrived on the stock market back in September of 2021. For October, November, and December of 2021, UMG’s revenue came in at $2.75 billion (€2.52 billion), factoring based upon the exchange rate at the time of this…
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Warner Music Group Reports 21{5b4d37f3b561c14bd186647c61229400cd4722d6fb37730c64ddff077a6b66c6} Jump in Q4 Revenue As Digital Thrives
Photograph Credit score: Unsplash Owing to nevertheless one more robust displaying from streaming, Warner Songs Team (WMG) achieved a 20.9 {5b4d37f3b561c14bd186647c61229400cd4722d6fb37730c64ddff077a6b66c6} year-about-calendar year revenue improvement through 2021’s fourth quarter, including a 30.9 p.c YoY enhance in publishing money. The Huge Three document label disclosed these and other noteworthy performance details in a newly released earnings report, covering Oct, November, and December of 2021 – the 1st quarter of Warner Tunes Group’s 2022 fiscal calendar year. Earnings totaled $1.61 billion for the duration of the a few-thirty day period stretch, marking a 20.9 per cent hike from Q4 2020, as pointed out at the outset. Inside the determine, recorded audio…
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