Live Nation suffers 95% revenue loss in third quarter of 2020
As expected, the COVID-19 pandemic took its toll on the entertainment industry with cancelled or postponed shows, widespread job reductions, severe revenue losses, leaving music fans and employees in emotional distress. One of the most seriously affected is global entertainment giant, Live Nation, that recently unveiled the company's 95% revenue loss, almost $320 million, only in the third quarter of 2020. The company
YouTube claims to have paid the music industry over $3 billion in 2019
YouTube CEO, Susan Wojcicki, took to a blog post last Friday that claims YouTube has paid the music industry over $3 billion in 2019. YouTube, which has just celebrated its 15 year birthday, has revolutionized the way the world uses the internet. With over two billion monthly users and over 500 hours of videos uploaded every minute, YouTube has become a
Soundcloud’s revenue skyrockets over $100 Million. Are they safe now?
After the many troubles faced in 2017, Soundcloud has finally unveiled some good news, announcing that the Berlin-based company's revenue has soared past the $100 million mark. Kerry Trainor, the company's CEO, announced this in an interview with the Financial Times, but is this enough to officially count the company in safe waters and truly believe they left behind their