Q3

Q3: Water Speckled Midnight

by Neil Duggan
February 8, 2024

Named after a species of lichen, Water Speckled Midnight is the third album from British quartet, Q3. Their debut came with 2014's Spider Dance (Lenox Music) and was followed by Monkey Puzzle Tree in 2019 (Lenox Music). Whilst hardly prolific, it does suggest that the tunes are gestated over a long time. That is borne out by the finely-crafted melodies and well thought through arrangements that are revealed here. This instrumental line-up of the quartet consists of five-string ...

Pandora Reports Solid Q3, 6.8M Paid Subscribers

Source: HypeBot
November 7, 2018

Pandora reported a sold Q3, including adding 784,000 subscribers in Q3, reaching approximately 6.8 million for its various paid services. That's a fraction of Spotify or Apple Music, but when factoring users of its free service, Pandora has 68.8 million active users, down slightly, with total listener hours of 4.81 billion. It's the streamers first earnings report since the announcement of its pending acquisition by SiriusXM. “Looking ahead, I couldn’t be more excited about Pandora joining forces with SiriusXM," said ...
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Live Nation Reports Record Results For Q3, Revenue Up 12%

Source: HypeBot
November 4, 2017

Promoter Live Nation reported their best quarter for Q3 2017, with record results across revenue, operating income and adjusted operating income. The company reported that revenue was up 12%, operating income was up 5% and AOI was up 10% vs. the same period in 2016, with their concerts, advertising, and ticketing operations all reporting record AOI. Live Nation says their concert business had almost 30 million customers globally for the quarter and through October, they report the sale of more than ...
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WMG Reports Strong Q3 Driven By Streaming Revenue

Source: HypeBot
August 9, 2017

Warner Music Group Corp. today announced third quarter financial results for the period ending June 30, 2017. It was WMG's strongest quarter in years. Net income was $143 million, compared to a $7 million loss in the prior-year quarter.  Total revenue grew 13.1% or was up 15.5% in constant currency. Digital revenue grew 30.2% or was up 33.0% in constant currency.  Net income was $143 million vs. $7 million loss in the prior-year quarter. OIBDA was $115 million vs. $120 million ...
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SoundExchange Payments Rise 29% In Q3, Artists And Labels Paid Jump 45%

Source: HypeBot
November 29, 2016

SoundExchange payments were up 29.2% last quarter. So while the U.S. digital PRO has taken some big hits lately, mostly thanks to Pandora and other direct licensing deals, this impressive growth should quiet any disparaging talk of its ongoing relevancy.  SoundExchange distributions of digital performance royalties to artists and rights owners increased by 29.2% in the third quarter of 2016, compared to Q3 2015. SoundExchange paid $263.5 million in royalties in the quarter, up from $204 million in the second quarter ...
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Money Well Squandered: UMG Dumped $790,000 on Lobbying in Q3...

Source: Digital Music News
December 21, 2010

Mmmmm.... is this the best use of precious funds? According to the latest filings, Universal Music Group dropped a whopping $790,000 in lobbying expenses during the third quarter alone. That brings the 2010 total to $2.58 million, an amount that already eclipses the entire 2009 tally $2.38 million.

Of course, this is not the flushest of times for UMG, or any other label for that matter. But proponents would point to needed Congressional action on issues like piracy, and progress ...
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Music Sales Drop 2% Q3 Despite Digital Growth

Source: HypeBot
December 20, 2008

Overall demand for music among U.S. internet users fell 2% in Q3 of 2008 according to a new NPD survey which included purchased CDs and downloads, P2P sites, and borrowing music to rip. It's not clear if the numbers are just a blip or within some margin or error, but they certainly can't be spun as good news for a beleagured music industry. Growth in track sales and the number of new downloaders did, however, offer a ray of hope ...
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