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Creative Industries

Warner Music Group posts revenue down 8% to $1.48bn in Q1 of its fiscal year

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Warner Music Group's total revenue for the first quarter of its fiscal year, ending December 31, 2022 posted an 8% decrease 8% or 3% in constant currency, at $1.48 billion. Digital revenue decreased 5% or 1% in constant currency to $952m during the quarter. The drop in revenues was mostly due to an 11% decline on Recorded Music revenue to $1.23bn, partially offset by a 9% growth in Music Publishing revenue to $250m. (Source: Warner Music Group) Net income was $124m versus $188 million in the p...

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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).

Creative Industries

Sony Music Publishing and Amusement sign Jon Buscema to a global agreement

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Sony Music Publishing, in partnership with producer and songwriter Daniel Nigro's publishing venture Amusement, have signed Los Angeles-based songwriter and producer Jon Buscema to a global publishing deal. Buscema said, “Finding the right team can be one of the more challenging aspects of navigating the music industry. With Dan, Amusement, and Sony, I feel I’ve finally found a group of people who share a passion for developing artists and put music first. I’m incredibly grateful for the opportu...

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Creative Industries

ICMP taps UMPG’s John Reston as Chair of the Industry Metrics Expert Group

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The International Confederation of Music Publishers (ICMP) has appointed John Reston, President of Global Administration at Universal Music Publishing Group as Chair of ICMP’s Industry Metrics Expert Group, and Damian Rinaldi, CEO of AMPAL (Australasia's MPA) and Kobalt Music Group Asia Director Frederica Wong as the new Chair and Vice Chair of ICMP Global Regional Group – Asia Pacific.

UMPG's John Reston

ICMP's Industry Metrics Group was recently formed as part of ICMP’s structural evolution,...

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Creative Industries

Global video and TV content investment will grow to $255 billion in 2026, up 2%

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Global AV content investment will reach $255 billion in 2026, up 2% year-on-year, according to new forecasts published by research from Ampere Analysis. Growth will be driven by sustained investment from global streaming platforms, while traditional broadcasters will feel pressures from the advertising market and the ongoing consumption shift towards video platforms. In 2026, streamers are expected to post a 6% growth in expenditure, according to Peter Ingram, Research Manager at Ampere Analysi...

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