Destiny Media Technologies
Media & Internet · Canada · 11-50 Employees
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Overview
Headquarters
1110-885 W Georgia St, Vancouver, Britis...Phone Number
(604) 609-7736Website
www.dsny.comRevenue
<$5 MillionStock Symbol
DSYIndustry
ZI Rank: 1
Signal Type
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ZI Rank
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About Destiny Media Technologies
Destiny Media Technologies ("Destiny") provides software as a service (SaaS) solutions to businesses in the music industry solving critical problems in distribution and promotion. The core service, Play MPE® (www.plaympe.com), provides music collaboration and performance tracking platform to efficiently and securely promote, distribute, receive and discover pre-released promotional music releases. The platform is used by the world's largest record labels and thousands of independent artists and record labels in six continents.Explore more
Destiny Media Technologies Org Chart
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Revenue
Number of Employees
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Founded In
Products Owned by Destiny Media Technologies
Clipstream
Company Profile Activity
Activity Insights
Destiny Media Technologies is experiencing very low activity levels compared to other companies in the Media & Internet sector.
What does this means?
Destiny Media Technologies is drawing exceptional interest within the Media & Internet industry, suggesting notable developments or strong market momentum, learn more about Destiny Media Technologies.
Destiny Media Technologies Tech Stack
A closer look at the technologies used by Destiny Media Technologies
Most Recent Scoops
Product Launch
Destiny Media Technologies has introduced a new SDIO satellite radio list offering channel and show-specific content across various genres. The satellite radio lists offer significantly higher royalties, approximately 10 times more per spin than terrestrial broadcast, and are soft launching in Q2.
Product Development, Product Launch, Revenue Operations
Partnership
Destiny Media Technologies has structured its Universal Music Group agreement to exclude labels for which UMG does not have a distribution agreement or does not currently own. This allows the company to negotiate new fees if UMG expands its distribution services or acquires new labels.
Partnership, Mergers & Acquisitions, Acquisitions, Contracts, Mergers
Earnings
reported revenue for the quarter increased by 1.3%, or 1.6% when adjusted for foreign currency. Major label revenue decreased by $1,500 while independent label revenue increased by $2,500, with most of the increase occurring in November.
Earnings, Accounting, Financial Reporting, Finance, Revenue Operations
Earnings
reported adjusted EBITDA of $252,500 for the quarter, representing a slight decrease of less than $35,000 from the prior year. The decline is primarily due to reduced capitalizable activity during the quarter, with less than $30,000 capitalized.
Earnings, Accounting, Financial Reporting, Finance
Earnings
Earnings, Accounting, Financial Reporting, Finance, Revenue Operations
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Frequently Asked Questions Regarding Destiny Media Technologies
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Destiny Media Technologies ("Destiny") provides software as a service (SaaS) solutions to businesses in the music industry solving critical problems in distribution and promotion. The core service, Play MPE® (www.plaympe.com), provides music collaboration and performance tracking platform to efficiently and securely promote, distribute, receive and... Read More
