Music Business Worldwide - News, jobs and analysis for the global music industry

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HYBE 'to build a global platform for African talent' via new partnership with Tyla managers Brandon Hixon and Colin Gayle

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UMG offers to sell Curve to secure Downtown deal

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The Weeknd closes $1 billion catalog deal with Lyric Capital (report)

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Beggars Group has acquired majority ownership of XL Recordings, documents show

UK-headquartered indie music company Beggars Group has been the majority owner of XL Recordings since October 2024

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Beggars Group revenue hit $140m in 2024, as operating profit jumped 49%

The company saw revenue grow as it celebrated a year of Grammy nominations and Brit Awards wins

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The UK’s PRS for Music reports largest-ever quarterly royalty payout at $368m, up 4% YoY

More than 50,000 song creators will be paid via PRS this quarter, including hundreds of first-time songwriters and composers

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James Barton resigns from Superstruct, less than 18 months after KKR’s acquisition of company

Superstruct has faced objections from artists following investment in the company from KKR last year

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Eric Wong promoted to EVP, Recorded Music at Warner Music Group

He will remain based in New York, reporting directly to WMG CEO Robert Kyncl

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Dionne Warwick sued by rights company over royalties from Doja Cat sample deal

Artists Rights Enforcement claimed the singer tried to cut off payments under agreements they struck since 2002.

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Beatchain launches music platform WAVVI in West Africa via AFROSON1C X partnership

WAVVI will offer streaming distribution, AI-powered advertising campaigns, performance and auience analytics and audio mixing tools, among others.

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Berlin startup Mirelo raises $41m in seed funding for AI-generated video sound

Founded in 2023, the startup develops foundation models that produce synchronized sound effects for video content.

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Warner India’s Divo names Sony veteran Ashok Parwani as Head of Music

Parwani spent two decades at Sony Music India, where he helped build the company’s southern India operations.

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Ollie Wards departs as TikTok’s Director of Music for Australia and New Zealand

Wards' adieu follows hot on the heels of Charlotte Stahl's departure as head of Music Partnerships for the EMEA region

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Live Nation acquires majority stake in Chile’s Movistar Arena

Live Nation's expansion into Latin America's live music markets continues apace

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Alain Lanceron named Chairman Emeritus of Warner Classics & Erato as David Bither expands role to head up WMG’s classical labels

Markus Petersen, currently SVP Global Operations & Business Development, Classics, is being promoted to the new role of Executive VP & General Manager, Warner Classics.

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SoundCloud partners with Imogen Heap’s Auracles on artist data platform

The integration allows artists to import music projects between the two platforms and access all of their metadata, stems, PRs and more.

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Digital music collection society amra overhauls client portal with real-time data access

The revamped Revenue Dashboard has shifted revenue updates to weekly refreshes from the previous quarterly schedule.

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From UMG’s ‘robust remedy’ to address Downtown deal concern, to GoDigital Music’s Marc Anthony catalog buy… it’s MBW’s weekly round-up

The biggest headlines from the past few days...

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UMG submits ‘robust remedy’ to EU regulator to address ‘only remaining concern’ about $775m Downtown deal

Company says its response to the regulator 'comprehensively addresses' the Commission's outstanding issue with the transaction.

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GoDigital Music buys Marc Anthony catalog in eight-figure deal; acquires broader tranche of Latin music rights in separate $115m transaction

GoDigital Music says it has acquired "several" Latin music catalogs in a transaction valued at approximately $115m.

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Warner Music Australasia and SE Asia makes series of promotions to strengthen leadership team

Key leaders will help strengthen the regional roster and accelerate global artist export.