Investors reacted to the company’s overall streaming revenue growth of just 4.1%, which was down from 11% a year earlier, and a sharp slowdown in subscription growth.
Whether gymnastics routines or ice skating choreography, music plays a big role at the Olympics. But who gets paid when a song is played?
Though recorded music subscription revenue grew 6.5% in the quarter, ad-supported and "other" streaming revenue declined.
Subscription revenue continued to grow, but other streaming revenue — including ad-supported streaming — declined in the quarter.
Youth and Mexican music artists like Peso Pluma and Fuerza Regida are fueling growth.
The “Dance Monkey” star will discuss her vibrant musical journey for an in-conversation.
The endorsement follows IATSE and the AFL-CIO, which consists of 60 unions.
Also this week: London Grammar, jasmine.4.t, Michele Marrone and more.
Weverse Company president Joon Choi discusses the superstar's onboarding and what lies ahead for the influential platform as it continues expanding beyond K-pop.
The Billboard Global Music Index fell 2.7% to 1,779.41, lowering its year-to-date gain to 16.0%.
