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Earnings Reports Forecast: Subscription Gains, Ad Market Weakness & Taylor Swift’s Continued Power

2024 music earnings reports are almost here. Here's what to expect from Spotify, UMG and more music companies - and what to look out for.

If attained, that big shift from loss to profitcould be chalked up to r Spotify’s decisions in 2023 to raise prices and drastically cut back on its headcount (including a 17% workforce reduction in December). In its first-quarter earnings report in May, Live Nation said that through mid-April, the percentage of large shows booked was up double-digits while concert margins had improved, too. In April, the German promoter and ticketing company reiterated comments contained in its 2023 annual report that predicted “further moderate sales growth” in 2024.

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