Fairness Rocks News It’s happened: The major labels are now generating over $1m every hour from streaming


Fairness Rocks News It’s happened: The major labels are now generating over $1m every hour from streaming

Home Industry News It’s happened: The major labels are now generating over $1m every hour from streaming

Author: Tim Ingham

Date: February 25, 2020

Original Source: Music Business Worldwide

Industry News

It’s happened: The major labels are now generating over $1m every hour from streaming

We all have bad days. Bad hair days, bad work days, bad weather days. Bad days. This truism does not appear to apply, however, to the modern major record company. According to new MBW analysis of official fiscal numbers, the recorded music divisions of Universal Music Group, Sony Music Group and Warner Music Group jointly generated $22.9m, on average, every 24 hours in 2019.

Read More: https://www.musicbusinessworldwide.com/its-happened-the-major-labels-are-now-generating-over-1m-every-hour-from-streaming/