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Creative Industries

HYBE posts Q3 revenue up 80% y-o-y with growth in album sales, licensing and merchandising

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4 years ago

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HYBE, the South Korean music company behind the success of boyband BTS, has reported Q3 2021 revenue up 80% year-on-year to KRW 341 billion (approx. €250m) with an operating profit of KRW 65.6bn, (€48.0m) up 63% compared the same period of 2020.
HYBE said Q3 2021 results were driven by growth in album sales, merchandising and licensing. Album sales were up by 21% to KRW 129.7bn (€95m), largely due to strong performances from BTS new music, while merchandising and licensing revenues rose by 53%...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

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Creative Industries

British music industry contributed a record £8 billion to the UK economy in 2024

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1 day ago

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November 16, 2025

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The British music sector's contribution to the UK economy in 2024 has hit a record £8 billion (€9.06bn), up 5% from £7.6bn in 2023, according to data published by cross industry organisation UK Music in its annual economic report 'This Is Music 2025',

Evolution of GVA, exports and employment between 2002 and 2024

Exports revenue in 2024 reaches new high of £4.8bn, up 5% from £4.6 billion in 2023, boosted by international successes by British artists such as Charli xcx and Lola Young. Total UK ...

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Creative Industries

Kobalt signs partnership with Nigerian company Inner Circle Publishing

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3 days ago

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November 14, 2025

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Independent music publisher Kobalt has signed a new deal with Nigerian publishing company Inner Circle Publishing (INCP). Details of the agreement were not disclosed.
Kobalt said the agreement marks "a significant move in expanding Kobalt’s footprint within the African music market." Inner Circle Publishing was co-founded by Caleb Oyolola and Promise Dennis earlier this year.
The company has already signed producers Choke Boi, who produced Fido's 'Joy is Coming', which has accumulated 50 mill...

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Creative Industries

Leho Nigul promoted to Chief Technology Officer at Warner Music Group

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3 days ago

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November 14, 2025

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Warner Music Group has promoted Leho Nigul to Chief Technology Officer, effective December 1. He previously served as Senior Vice President, Engineering.
In his new role, he will lead WMG’s technology strategy, team, and product roadmap, reporting to CEO Robert Kyncl. The promotion coincides with the departure of Ariel Bardin after a three-year tenure as WMG's President of Technology. Bardin will remain with the company through the end of 2025 "to ensure the continuity of key initiatives and a s...

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