Warner Music made more money from streaming than it did downloads

Published

8 years ago

May 26, 2015

Here’s another sign that the music industry has shifted from selling songs to selling subscriptions: Warner Music Group says that last quarter, streaming music revenue passed revenue from selling downloads. It’s the first time a big music label has hit that milestone.

Streaming revenue from the company’s recorded music unit, generated by companies like Spotify and YouTube, grew 33 percent in Q2, Warner CEO Stephen Cooper announced during the company’s earnings call. Warner says digital revenue grew 7 percent overall — which means download sales from outlets like Apple’s iTunes decreased during the same period.

The news comes as the big music labels, including Warner, are pushing Spotify and YouTube to pull back on the free music they let users stream and concentrate more on paid subscriptions. That syncs up with the pitch Apple is making for its upcoming subscription service, which only provides a limited sample of free music.

“The rate of this growth has made it abundantly clear that in years to come, streaming will be the way that most people enjoy music,” Cooper said in a statement at the beginning of the call. “We’ll continue to collaborate with our streaming partners to expand their businesses, and more importantly, to ensure that copyright owners, artists and songwriters receive appropriate value for their work.”

Warner has made a point of licensing its music to a variety of digital platforms in the last year, including Snapchat, Vessel and Interlude.

Music

Ariana Grande – 34+35 (Remix) feat. Doja Cat & Megan Thee Stallion

Published

2 years ago

January 15, 2021

HM staff writer

Ariana Grande, Megan Thee Stallion, and Doja Cat have teamed up for a new remix of Grande’s Positions track 34+35.

Film & Television

Why Did Michaela Coel Walk Away From a $1 Million Dollar Deal with Netflix?

Published

3 years ago

July 6, 2020

HM staff writer

Michaela Coel, the star of HBO’s hit series I May Destroy You had to decline Netflix’s $1 million offer after the streaming giant refused to allow her to retain “at least 5 percent of her rights” for the show.

Coel’s success in the U.S. is largely credited to Netflix. The streamer was the U.S. distributor of Coel’s acclaimed comedy series Chewing Gum. Netflix also housed a feature musical titled Been So Long in which Coel was the lead, as well as the drama series Black Earth Rising. Coel also starred in an Emmy-winning episode of Black Mirror, also distributed by Netflix. So, naturally, Coel’s history with the streaming platform made it the premier destination for her new project. After a short negotiation with a Netflix executive, however, Coel had to find a different home for I May Destroy You in order to maintain ownership of the series.

According to Vulture, Coel recalled that Netflix made her a $1 million offer for I May Destroy You in spring 2017 but she turned it down. Why? The streamer wouldn’t allow her to retain any percentage of the copyright. Coel even discontinued her relationship with CAA after it “tried to push her to take the deal”.

I May Destry You is based on Coel’s personal experience of being sexually assaulted during the making of Chewing Gum. At the age of 32, Coel is in full creative control of the series as its showrunner, director, star, and writer. She wrote all 12 episodes and co-directed nine, stars as a young writer Arabella struggling to come to terms and process a recent assault.

The series is now streaming on HBO.

Film & Television

Ava DuVernay and Whoopi Goldberg Elected to The Academy’s Board of Governors

Published

3 years ago

June 11, 2020

HM staff writer

The Academy of Motion Picture Arts and Sciences has just elected members to its 2020-2021 Board of Governors. Among the six newly elected governors are director Ava DuVernay. EGOT winner Whoopi Goldberg has been re-elected for a second three-year term.

For those not familiar with the work of the Board of Governors, here is a breakdown of how it works and what it does.

Per Oscars official website, The Board of Governors directs the Academy’s strategic vision, preserves the organization’s financial health and assures the fulfillment of its mission.

Governors attend 6-8 board meetings annually (in person or by video). Each Governor also serves on one board oversight committee and their branch’s executive committee, and they are expected to represent their branch at numerous Academy events through the year.

The Academy has a total of 18 branches, including the actors branch and directors branch, where Goldberg and DuVernay will serve. Each branch is represented by three governors who are elected for three-year terms.

Since the #OscarSoWhite campaign in 2015, the Academy has been making efforts to increase diversity across the board. After the most recent election, out of 54 governors, the number of female Academy governors increased from 25 to 26, and people of color increased from 11 to 12.