In terms of both dollar and percentage increases, last year’s growth was the lowest since 2016.
"The artists and the company all came together because we knew what this meant," says Jesús López. "It was once again a very big statement for Universal."
Vinyl generated more money than CDs for the first time in over three decades, though overall revenue from physical formats declined.
Digging deep into the numbers of the annual report covering the U.S. recorded music business.
The agency that created BTS is embroiled in a public struggle with SM’s powerhouse founder Lee Soo-man. Will it end with a cliffhanger?
The average number of paid subscriptions reached 92 million, helping buoy the industry to a seventh straight year of growth.
During an appearance at a Morgan Stanley conference Wednesday, Robert Kyncl said companies that haven't raised prices are contributing to the undervaluing of music.
The Brazilian singer unleashed a Twitter tirade against her label last week, marking the latest in a string of critiques she's lobbed against the company.
With major backing, Jackson acquired the distributor Vydia and signed stars like Usher and Snoop Dogg to the "best capitalized music company” going head to head with the world’s big three.
The companies are wrestling for control of SM with competing board slates at the March 31 annual meeting in Seoul.
