AEG Presents: Covid rebound hailed by Hammersmith Apollo owner despite sales and profit dip September 9, 2024 AEG Presents, the UK touring and festivals arm of the group that owns The 02 in London has hailed its full recovery from the Covid-19 pandemic despite a fall in its turnover and profit during 2023. The company, which is headquartered in the capital, is part of the wider LA-based AEG group which is the [...]
Competition watchdog to probe Ticketmaster’s ‘dynamic pricing’ for Oasis tickets September 5, 2024 The UK's competition watchdog has launched a probe into Ticketmaster's sale of Oasis concert tickets, including the platform's use of so-called "dynamic pricing".
How brickies built the UK’s fastest growing radio broadcaster September 5, 2024 Video may have killed the radio star, but builders are bringing it back. Fix Radio CEO Louis Timpany tells Morning Wire how he built the UK’s fastest growing national broadcaster.
Why End of the Road is the best indie music festival September 4, 2024 Vibes and music don’t get better than End of the Road, says Lucy Kenningham
Spread power with words: Asian Dub Foundation interview August 29, 2024 In the wake of the riots, the Asian Dub Foundation shows us the political power of music. Guitarist Steve Chandra Savale speaks to Lucy Kenningham
Focusrite: Music tech firm’s bottom line hit by shipping and logistical woes August 28, 2024 Shares in UK-based music software company Focusrite plunged 16.7 per cent after it reported that, while demand for its products remains strong, shipping and logistics challenges are squeezing its bottom line. Revenue is expected to come in around £157m, in line with current market expectations, as overall demand for its suite of audio tech products [...]
Spotify: UK adverts boom helps sales and profit surge August 20, 2024 Profit at the UK arm of Spotify increased thanks to its revenue jumping closer to the £300m during its latest financial year, it has been revealed. The music streaming giant has reported a pre-tax profit of £22.3m for 2023, according to newly-filed accounts with Companies House. The total comes after Spotify posted a pre-tax profit [...]
Virgin Records: Streaming boom and Abbey Road Studios help profit more than double August 8, 2024 The continued boom in music streaming as well as the popularity of Abbey Road Studios among major artists helped Virgin Records’s profit more than double during its latest financial year. The company has reported a pre-tax profit of £76.9m for 2023, up from the £37.2m it posted in 2022. According to newly-filed accounts with Companies [...]
Profit cut at Mercury Prize and Official Charts owner despite BRIT Awards success July 24, 2024 The organisation behind the Mercury Prize and that co-owns the Official Charts Company saw its profit cut during 2023 despite the financial success of the BRIT Awards.
Dua Lipa rakes in profit for production firm as global popularity soars July 23, 2024 Dua Lipa's increasing popularity across the world saw her production company rake in more than £20m in profit, it has been revealed.