Since its founding in 1998, CD Baby, the music distributor owned by Downtown Music Holdings, has reportedly paid out more than $1 billion to musicians. Andrew Bergman from, Downtown said: “As business partners since 2014, we appreciated the depth of CD Baby’s organization and its incredibly loyal client base, two
In 2021, TikTok was a breakthrough year for music, with over 430 songs surpassing 1 billion video views. TikTok’s Global Head of Music, Ole Obermann, said: “TikTok opens the door to new artists, new sounds, underground and DIY scenes as well as the classic hits, connecting them with a global
According to the latest financial statistics, Sony Music is experiencing massive growth in streaming revenue. Sony’s recorded music division earned over $1 billion in the three months running up to September. It’s a watershed moment for the music company, experiencing these new highs for the first time.
According to yCharts, Warner Music is worth more than $27 billion. Also, given the new analysis, the legendary music corporation is worth $1 billion more than it was last year. In addition, WMG’s share price has increased by 60% in the last five years, and an individual share currently costs
Spotify has begun repurchasing $1 billion in stock from its shareholders. One of the reasons Spotify may repurchase its stock is because it believes it is undervalued and has a lot of room for growth in the future. Paul Vogel, CFO at Spotify, said: “This announcement demonstrates our confidence in
Distrokid, the music distributor popular with independent labels and musicians, has received a $1.3 billion investment from Insight Partners. Philip Kaplan, the company’s founder and CEO, said: “Our growth has been wild, but the mission hasn’t changed. Most of all, we’re incredibly honored and thankful for every artist who’s chosen