The business behind the music, in plain numbers. Independent music business reporting, est. 2026.
Deals & LabelsAnalysis

The Chili Peppers Catalog Sold Twice, and Neither Buyer Used Only Its Own Money

The band's masters went to a Warner and Bain venture while its songs ended up with a Sony and GIC vehicle. Both majors are now buying catalogs with partners' capital.

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Deals & LabelsExplainer

How Recoupment Works, Through the So So Def Lawsuit

Jermaine Dupri's short-lived 2026 suit against Sony turned on a $1.5 million unrecouped balance from the 1990s. The case is a clean lesson in how record deal accounting works.

Deals & Labels
Artist DevelopmentFeature

Sofia Isella Climbed From Opener to Headliner Without a Label

In 2024 she opened for Tom Odell at London's Roundhouse. In June 2026 she sold it out herself, with self-released EPs and a deliberate ladder of support slots.

Sofia Isella performing on stage in Cologne in August 2025
Streaming & DataAnalysis

Spotify's Record Margin Is Built on One Phrase: "Net of Marketplace Programs"

Spotify's gross margin hit 33.4% in Q2 2026 as revenue outran music costs. The filing shows where the extra euro goes, and what rights holders should watch.

Exterior of Spotify's headquarters building in Stockholm
Touring & LiveExplainer

How the Venue Merch Cut Works

When Silent Planet threw its shirts into a Milan crowd in June, it was protesting a fee most fans never see. Here is how the merch cut is calculated, and why it stings.

Touring & Live
Touring & LiveAnalysis

Record Grosses, Thinner Rooms: The 2026 Touring Math

The top 100 tours grossed more than ever in the first half of 2026 while selling fewer tickets per night, and the new ticket laws mostly target resale.

Touring & Live