Bruce Haring pmc-editorial-managerEverybody knows, as Leonard Cohen once sang. Everybody knows the music business has taken a hit this year, as there’s no live music, TV and film production is down, releases are being held back, and ad revenues from streaming are diminished.But here’s an eye-opener, courtesy of a report in Music Business Worldwide: The industry is still generating about one million dollars per hour of streaming.
And what that means to the bottom lines of the major music companies – Universal, Sony and Warner Music – is that while revenues will likely be down this year, they haven’t fallen off a cliff.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.