This year, stakeholders and investors can stick to a very express narrative through the search for reports on the effects of musical corporations: the first quarter (January to March) showed that the early and unforeseen effect of the coronavirus pandemic, which closed completely. industry sectors in early March. The quarter of the moment (April to June) showed how well some corporations were doing or surviving, as the economy struggled to stay balanced. The effects of the third quarter (July to September), which officially begin on Tuesday The monetary statements of Universal Music Group owner Vivendi, and which will last about six weeks, will be a referendum on how entities are going through a pandemic that is there and will not go anywhere in the immediate future.
The pandemic has affected companies in several ways: the mitigation of the concert industry pandemic will be presented through Live Nation, CTS Eventim and Madison Square Garden Entertainment; Spotify and SiriusXM will reveal the functionality of the subscription style and online advertising has been recovered after a terrible iHeartMedia, Cumulus and Entercom will show radio advertising has taken a step forward after a crash in the quarter of the moment. The record labels and publishers of the top 3 labels will provide a review of the global industry’s uptick.
On Monday, Warner Music Group rushed to give investors a review of their profits, releasing uninudited partial quarterly effects, namely earnings and EBITDA (earnings before interest, taxes, depreciation and amortization), for the year ended September 30. At the time, Warner announced a $250 million ticket sale that will fund two acquisitions of unidentified companies. Warner doesn’t raise cash because he’s in trouble. Revenues will range from approximately $4,435 million to $4,485 million, up from $4,475 million last year; The adjusted EBITDA will be between approximately $825 million and $845 million, an improvement over the previous year’s $737 million. Warner has about $550 million in cash, some of which will fund acquisitions.
Here are seven key issues to consider for this season of effects:
How much do drive-ins and live broadcasts cost?
After a nearly dead quarter, concert organizers facilitated the closures of pandemic-related venues by organizing events in safer spaces. Live Nation and Madison Square Garden Entertainment saw profits fall by 98% and 95. 8% respectively in the quarter of the moment. Since the tours were suspended In March, Live Nation and other promoters have produced exclusive exhibits with limited profit prospects than lucrative tours, but their artistic approaches make the most of a bad situation. Live Nation, with Live At Home, has joined an army of artists, promoters and venues Ironically, Stevie Nicks’ new concert film, The 24 Karat Gold Tour, premieres through BMG and Trafalgar in theaters only on October 21 and 25, replacing lifeless entertainment venues for theaters in suffering with limited capacity.
Subscriber growth
The third quarter will reveal whether subscription facilities are pandemic-proof or likely unemployed. The number of subscribers at the time of the quarter was higher in all areas. Spotify subscriptions increased from 8 million to 138 million; At SiriusXM, its self-service satellite subscribers increased from 264,000 to 30. 3 million and Pandora added 41,000 subscribers. 700,000 new net subscribers in September. Reports on the effects of Universal Music Group (effects released on Tuesday, October 20) and Warner Music Group (the date of publication of the effects has not been announced) require strong Spotify functionality. the ultimate vital measure for investors who adhere to the communication that a market leader deserves to focus on earning a percentage of the market place and making an investment in product development; Spotify is a hit on both fronts.
Running home
In a market devoid of transparent competitive advantages, the world’s largest tech corporations are leveraging their over-the-house unit to create their streaming media services. As Will Page, Spotify’s former lead economist, pointed out in a new Billboard article, “Tech giants like Apple and Amazon seem to see households” and not Americans as the end goal. The two corporations have direct billing relationships with millions of households: Apple through iTunes and its App Store, Amazon through its unprecedented e-commerce business. Both corporations also have on-demand music and video streaming platforms. Apart from Google, no other company can provide a similar set of services. Compared to an independent provider like Spotify or Netflix, Apple One, coming this fall, seems like a good deal: Apple Music, Apple +, Apple Arcade, and iCloud for $ 14. 95 and $ 19. 95 for a plan. individual and circle of family members (Apple News and Apple Fitness + are added to the premium edition for $ 10). Likewise, Amazon may depend on its wise speakers and Prime activities to gain music subscribers.
The Return of Radio Advertising
A choice that divides in 2020 comes at an ideal time for a besieged American radio market. The U. S. radio advertising market will decline by 23% in 2020, an improvement over its 33. 2% decline in the first half, according to market research company Magna. At the time of the quarter, revenues from iHeartMedia, Cumulus and Entercom, the 3 largest radio companies in the United States, decreased by 46. 6%, 47. 8% and 53. 8%, respectively. and reduce interest bills than they did 3 years ago; Lenders are comfortable with the terms of their debt until default.
Cash at the bank
The rainy days of some companies have become life rafts when they learned that the enormous influence of the pandemic on music, concerts and radio advertising were the hardest hit. Companies prepared accordingly: Live Nation added $1. 2 billion in long-term debt and $120 million in an existing line of credit; iHeartMedia reduced its credit facility by $120 million and expanded its credits by $120 million. Things can be worse. AMC Theatres, owner of a national film network, warned investors that he could run out of money until late 2020 or early 2021 despite raising more money between $355 million and $415 million in August.
The return of physical sales
Although the CD format registers duplicate virtual decreases, it provides heaps of millions of dollars to complement companies’ much larger virtual revenue. Fortunately, as cities and states ease their restrictions, sales of CDs and vinyl LPs at retail outlets have returned from closures that sales returned to the overall US deficit. But it’s not the first time The physical sales of the third quarter in the US have been in the middle of the year. The U. S. fell by 4. 2% year-on-year, from 15. 6 million to 14. 9 million, according to MRC Data. However, cumulative sales for the year in the week ended October 8 fell by 15. 1%. Global sales will more or less reflect U. S. figures.
Amazon Empire
Since the beginning of the pandemic, Amazon has deepened its ties with consumers looking for some of the rigors of public grocery shopping. Now, seven months after the first on-site shelter orders in the United States, Amazon trucks are a constant reminder that the company has helped replace grocery shopping behavior once and for all. Amazon’s two-day Prime Day sales last week reached nearly $3. 5 billion in 19 countries, about 60% more than its 2019 volume. Consumers have purchased millions of smart speakers incorporating the Generation of Alexa used in Amazon products. Speakers are a springboard to Amazon’s music streaming services: Amazon Prime Music, Music Unlimited, and Music Unlimited HD.
Third Quarter Earnings Schedule:
Tuesday, October 20: Vivendi (Universal Music Group)
Thursday, October 22 SiriusXM
Wednesday, October 28 Sony Corp. (Sony Music Entertainment)
Thursday, October 29 Spotify AppleAmazonAlphabet
Tuesday, November 3 Ryman Hospitality
Thursday, November 5 Live NationCumulusLiberty Media
Wednesday nine November iHeartMedia
Tuesday, November 10 Tencent Music Entertainment
Thursday, November 12: Bertelsmann (BMG)
Thursday, November 19 CTS Eventim
Not announced Warner Music Group Madison Square Garden Entertainment
A briefing on what topics in the music industry
© 2020 Billboard. All rights reserved. Billboard is from MRC Media and Info, a department of MRC.
This year, stakeholders and investors can stick to a very express narrative through the search for reports on the effects of musical corporations: the first quarter (January to March) showed that the early and unforeseen effect of the coronavirus pandemic, which closed completely. industry sectors in early March. The quarter of the moment (April to June) showed how well some corporations were doing or surviving, as the economy struggled to stay balanced. The effects of the third quarter (July to September), which officially begin on Tuesday The monetary statements of Universal Music Group owner Vivendi, and which will last about six weeks, will be a referendum on how entities are going through a pandemic that is there and will not go anywhere in the immediate future.
The pandemic has affected companies in several ways: the mitigation of the concert industry pandemic will be presented through Live Nation, CTS Eventim and Madison Square Garden Entertainment; Spotify and SiriusXM will reveal the functionality of the subscription style and online advertising has been recovered after a terrible iHeartMedia, Cumulus and Entercom will show radio advertising has taken a step forward after a crash in the quarter of the moment. The record labels and publishers of the top 3 labels will provide a review of the global industry’s uptick.
On Monday, Warner Music Group rushed to give investors a review of their profits, releasing uninudited partial quarterly effects, namely earnings and EBITDA (earnings before interest, taxes, depreciation and amortization), for the year ended September 30. At the time, Warner announced a $250 million ticket sale that will fund two acquisitions of unidentified companies. Warner doesn’t raise cash because he’s in trouble. Revenues will range from approximately $4,435 million to $4,485 million, compared to $4. 475 million last year; The adjusted EBITDA will be between approximately $825 million and $845 million, an improvement over the previous year’s $737 million. Warner has about $550 million in cash, some of which will fund acquisitions.
Here are seven key issues to consider for this season of effects:
How much do drive-ins and live broadcasts cost?
After a nearly dead quarter, concert organizers facilitated the closures of pandemic-related venues by organizing events in safer spaces. Live Nation and Madison Square Garden Entertainment saw profits fall by 98% and 95. 8% respectively in the quarter of the moment. Since the tours were suspended In March, Live Nation and other promoters have produced exclusive exhibits with limited profit prospects than lucrative tours, but their artistic approaches make the most of a bad situation. Live Nation, with Live At Home, has joined an army of artists, promoters and venues Ironically, Stevie Nicks’ new concert film, The 24 Karat Gold Tour, premieres through BMG and Trafalgar in theaters only on October 21 and 25, replacing lifeless entertainment venues for theaters in suffering with limited capacity.
Subscriber growth
The third quarter will reveal whether subscription facilities are pandemic-proof or likely unemployed. The number of subscribers at the time of the quarter was higher in all areas. Spotify subscriptions increased from 8 million to 138 million; At SiriusXM, its self-service satellite subscribers increased from 264,000 to 30. 3 million and Pandora added 41,000 subscribers. 700,000 new net subscribers in September. Reports on the effects of Universal Music Group (effects released on Tuesday, October 20) and Warner Music Group (the date of publication of the effects has not been announced) require strong Spotify functionality. the ultimate vital measure for investors who adhere to the communication that a market leader deserves to focus on earning a percentage of the market place and making an investment in product development; Spotify is a hit on both fronts.
Running home
In a market devoid of transparent competitive advantages, the world’s largest tech corporations are leveraging their over-the-house unit to create their streaming media services. As Will Page, Spotify’s former lead economist, noted in a new Billboard article, “Tech giants like Apple and Amazon seem to view households,” not individuals, as the ultimate goal. The two corporations have direct billing relationships with millions of households: Apple through iTunes and its App Store, Amazon through its unprecedented e-commerce business. Both corporations also have on-demand music and video streaming platforms. Apart from Google, no other company can provide a similar set of services. Compared to an independent provider like Spotify or Netflix, Apple One, coming this fall, seems like a good deal: Apple Music, Apple +, Apple Arcade, and iCloud for $ 14. 95 and $ 19. 95 for a plan. individual and circle of family members (Apple News and Apple Fitness + are added to the premium edition for $ 10). Likewise, Amazon may depend on its wise speakers and Prime activities to gain music subscribers.
The Return of Radio Advertising
A choice that divides in 2020 comes at an ideal time for a besieged American radio market. The U. S. radio advertising market will decline by 23% in 2020, an improvement over its 33. 2% decline in the first half, according to market research company Magna. At the time of the quarter, revenues from iHeartMedia, Cumulus and Entercom, the 3 largest radio companies in the United States, decreased by 46. 6%, 47. 8% and 53. 8%, respectively. and reduce interest bills than they did 3 years ago; Lenders are comfortable with the terms of their debt until default.
Cash at the bank
The rainy days of some companies have become life rafts when they learned that the enormous influence of the pandemic on music, concerts and radio advertising was the most affected. $ 120 million in an existing line of credit; iHeartMedia reduced its credit line by $ 120 million and expanded its credits by $ 120 million. Things can be worse. AMC Theaters, owner of a national theater chain, has warned investors that it may run out of money until late 2020 or early 2021 despite raising additional funds between $ 355 million and $ 415 million in August.
The return of physical sales
Although the CD format registers duplicate virtual decreases, it provides heaps of millions of dollars to complement companies’ much larger virtual revenue. Fortunately, as cities and states ease their restrictions, retail point-of-sale vinyl CD and LP sales have returned from closures that have left home pickup and home delivery as the most productive features to serve customers. Sales returned to the overall U. S. deficit. Third quarter physical sales in the U. S. fell by 4. 2% year-on-year, from 15. 6 million to 14. 9 million, according to MRC Data. However, cumulative sales for the year in the week ended October 8 dropped by 15. 1%. Global sales will more or less reflect U. S. figures.
Amazon Empire
Since the beginning of the pandemic, Amazon has deepened its ties with consumers looking for some of the rigors of public grocery shopping Now, seven months after the first on-site shelter orders in the United States, Amazon trucks are a constant reminder that the company has helped replace grocery shopping behavior once and for all. incorporating the Generation of Alexa used in Amazon products. Speakers are a springboard to Amazon’s music streaming services: Amazon Prime Music, Music Unlimited, and Music Unlimited HD.
Third Quarter Earnings Schedule:
Tuesday, October 20 – nVivendi (Universal Music Group)
Thursday, October 22 – nSiriusXM
Wednesday, October 28 – nSony Corp. (Sony Music Entertainment)
Thursday, October 29 – nSpotify – nApple – Amazon – nAlphabet
Tuesday, November – nRyman Hospitality
Thursday, November 5 – nLive Nation – nCumulus – nLiberty Media
Wednesday nine November – niHeartMedia – n
Tuesday, November 10 – nTencent Music Entertainment
Thursday 12 November – nBertelsmann (BMG)
Thursday, November 19 – nCTS Eventim
Not announced ‘nWarner Music Group’ -nMadison Square Garden Entertainment
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