SUBSCRIBE FOR FULL CONTENT ACCESS: VIEW OFFERS
Connect with us

Creative Industries

iHeartMedia posted 2021 revenue up 21% to $3.65bn; musicFIRST Coalition urges stations to stop ‘cry poor’ and pay artists

Published

on

iHeartMedia — the US largest radio group — reported full year 2021 revenue of $3.55 billion, up 21% year-on-year, with operating income of $155m, up from a loss of $1.73 billion in the year ended December 31, 2020, which included non-cash impairment charges and the impact of Covid-19. Consolidated adjusted EBITDA was $811m, up from $539m in the previous year. In the last quarter of 2021, revenue reached $1.06bn, up 14% year-on-year. "We believe that this strong performance in Q4 and full year p...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

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).

Creative Industries

Greece’s HERMES joins IMPALA

Published

on

The Hellenic Music Companies Association (HERMES), the trade association representing Greece's independent music companies, has joined European independent music companies' organisation IMPALA as its newest association member. Through the IMPALA membership, HERMES aims "to support networking, professional development, education, and closer engagement with European institutions and music industry developments" as well as giving independent music companies in Greece "a stronger collective voice na...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Creative Industries

Warner Music Group acquires AI attribution startup Sureel AI

Published

on

Warner Music Group is acquiring Sureel AI, an AI attribution startup that has developed a technology to create "AI DNA" for every work. Terms of the acquisition were not disclosed. Following the completion of the deal, Sureel will continue to operate as a standalone platform serving the broader music and AI ecosystem. Warner Music Group will provide resources, scale, and strategic support. "The acquisition advances WMG’s mission to ensure that artists, songwriters, and rightsholders benefit whe...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Creative Industries

Primary Wave Music seals partnership with the estate of Donna Summer

Published

on

Independent music publisher Primary Wave Music has announced a partnership with the estate of the late American performer and songwriter Donna Summer, in a deal that includes her music catalogue and recordings, as well as share in her name, image, and likeness (NIL) rights. Terms of the deal were not disclosed. This new partnership will also provide the estate access to Primary Wave’s marketing team and publishing infrastructure, and includes new opportunities in marketing, branding, digital, a...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Trending