LATIN GRAMMY PREVIEW: HOME-FIELD ADVANTAGE With first-round voting for the 25th Latin Grammys underway, let’s take a look at what’s in play for the Biggest Night in Latin Music as the show returns to Miami on 11/14. …Read moreSONG REVENUE: EM SERVES IT UP Eminem’s The Death of Slim Shady scores a lucky 13 on the HITS Song Revenue Chart with 13 Top 50 entries, racking up a tidy $770k—which would buy several truckloads of Mom’s Spaghetti. Kendrick Lamar’s “Not Like Us” leapfrogs Shaboozey’s “A Bar Song (Tipsy)” to retake the top spot. UMG POSTS $3.12B IN Q2 REVENUE Universal Music Group enjoyed an 8.7% uptick in revenue in Q2, with recorded-music revenue increasing 5.8%. …Read moreSPOTIFY'S Q2: CASH STREAMS IN Spotify racked up record profits in Q2. Its earnings report shows €3.81b ($4.13b)—a 20% YOY increase resulting in a net profit of €274m. The numbers were fueled by a 16% drop in operating costs stemming from layoffs and a "lower marketing spend." …Read moreA HITS LIST FULL OF ENDORSEMENTS The Obamas have given Kamala their blessing as the 2024 race keeps heating up. Meanwhile, an array of music-biz peeps earn praise and props of their own, including Jeremy, Nir, Jaq, Tommy, KAROL and Glo. Here's our latest polling data. DICK ASHER, 1932-2024 Dick Asher, the longtime record executive who held top posts at CBS and PolyGram and who, at CBS, played a key role in curtailing payments to the informal alliance of independent record promoters known as the Network, died on 7/23 at age 92. …Read moreNEAR TRUTHS: MIDYEAR MOMENTUM With 2024 half over, we find that a number of predictions about the music marketplace have been, happily, inaccurate. Streaming has remained robust—in defiance of expectations about a downturn—buoyed by… …Read more |
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