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Music statistics analysis: the second roundup for March
Mexican entertainment company Corporacion Interamericana de Entretenimiento has reported a 10.9% increase in revenue for 2016, with earnings up 10.9%, to MXN9,861m ($529.2m), from MXN8,894m in 2015.
Brazilian events company Time For Fun has reported a big jump in revenue for its 2016 fiscal year. Despite a poor final quarter, the company said revenue for the full year was in line with previous guidance.
Features and Benefits
The research note details the latest music industry statistics and financial results from the leading music industry players.
Included in the note are the financial results for CIE, T4F, and 7digital; findings from an Ovum digital app survey; and details of Spotify's latest user milestone.
Key questions answered
How many paying subscribers did Spotify have at the beginning of March?
What was behind the revenue growth for Latin American live music companies CIE and T4F last year?