Not that the artist you love is actually too likely to have a channel at the moment. Twitch, which was acquired by Amazon for $970 million in 2014, has built its immense user-base mainly via the popularity of video games. The best known Twitcher of all time — now no longer a Twitcher, but that’s a different story — is Tyler “Ninja” Blevins, who made his name live-streaming gameplay from Fortnite (a title which, of course, has become quite the buzzword in the music industry of late). The world’s biggest Twitcher right now is video game streamer NICKMERCS, whose channel is estimated to be generating over $148,000 a month from paid Twitch subscriptions (not including Twitch Prime or gifted subs). … [Read more...] about Can Twitch ‘Change the Economics’ for Artists?
Nikolich v goldman sachs
Warner Music's recorded music division generated $3.84 billion of revenue in fiscal year 2019, representing 86 percent of total revenue, according to that filing. The division is home to such artists as Ed Sheeran, Bruno Mars and Cardi B and includes storied labels like Atlantic, Elektra, and the recently rebranded Warner Records. … [Read more...] about Warner Music Targets Valuation of up to $13.3 Billion in IPO
While the recorded music business is still poised to grow as streaming leaves infancy, the music industry faces a new struggle with COVID-19. WMG lists the impact of the coronavirus as a risk factor in its prospectus. Some of its artists have delayed albums over marketing complications from social distancing measures. Physical sales, already heavily declining over the last decade, have taken a further hit amid the crisis, and with live music live music completely stalled — save for a few more experimental options like crowdless and drive-in concerts — WMG’s concert promotion and merchandise revenues have dropped. … [Read more...] about Warner Music Group Is Finally Ready For Its IPO