Ampslam is the place to share your love of music. Whether you’re on here to listen to your favorite band, or looking for a FREE place to upload, Ampslam is your total solution.
Pandora Media has reported better-than-expected first quarter financial results. The company posted a lower quarterly loss thanks to higher subscription revenue and smaller declines in advertising. Breaking down the numbers, Pandora Media's total subscription revenue skyrocketed 61.3% to $104.7 million. Analysts had expected $104.6 million. Pandora's advertising revenue also dropped just 3.9% to $214.6 million.
Warner Music Group has announced its Q2 financial results for the period ended March 31, 2018. Driven by streaming. total revenue grew 10.4%, and losses at the world's third largest music group fell dramatically. WMG Q2 2018 Highlights Total revenue grew 16.7% or was up 10.4% in constant currency Digital...
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May 7, 2018: WARNER DUMPS SPOTIFY STOCK!
In its earnings call on Monday morning, Warner Music Group announced that it has sold around 75% of its Spotify equity for approximately $400 million. Earlier this year Sony Music announced that it has sold 17.2% of its shares in Spotify, yielding a gain for the label of $260 million or more, according to a notice Sony shared with investors.
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