News HYBE revenue soared to an all time high of $1.65bn in 2024, but operating profit dropped 37.5% YoY The company has announced plans to roll out a new group through its Latin America division
News SoundExchange surpasses $12bn in distributions to artists and rightsholders to date The PRO said its total distributions for 2024 amounted to $1.05 billion, up 4.9% year on year
News Catch Point Rights Partners promotes Annie DeConto to Director of Business Development Catch Point sold a catalog in November, but retained ownership of a valuable portfolio of rights
News Kobalt estimates $1bn+ in publishing royalties go uncollected each year. Its new platform, KOSIGN, helps indie songwriters collect their share. Kobalt claims that it can offer a "frictionless alternative to traditional publishing deals"
Interviews Breakr, backed by Live Nation Urban, says it’s ‘revolutionizing the creator economy’ – starting with getting creators paid faster. Breakr has secured a strategic minority investment from Live Nation Urban
News Universal Music adopts ISNI system, assigning ID numbers to songwriters and artists An ISNI functions as a ‘digital passport’ for every contributor involved in the making of a piece of music
News UMG artist Jacky Cheung sets new record in China with 1,000th concert milestone Executives from Universal Music Greater China presented Cheung with a gift honoring his four-decade career in the music industry
News Ex-SM Entertainment CEO’s TITAN CONTENT partners with IMPERIAL Music to launch new girl group AtHeart The move comes amid a trend of K-pop companies partnering with international entertainment firms to expand the K-pop talent search model worldwide
News NetEase Cloud Music partners with Starship Entertainment to boost K-pop access in China NetEase revealed that its platform now hosts 206 million monthly active users, showing minimal growth from the 205.9 million reported for 2023
News Damon Albarn, Kate Bush among 1,000+ artists to release silent album protesting UK’s AI copyright plans Track list spells out “The British government must not legalize music theft to benefit AI companies.”
News $1bn-valued Create Music Group acquires catalog from Pack Records as companies form new JV CMG and Pack's existing partnership is being expanded to include recorded music and publishing
News Three Six Zero Recordings inks global distribution deal with Warner’s ADA Deal will cover global distribution for all new releases from the label’s roster
News Claes Uggla named General Manager of Kobalt Scandinavia Based in Stockholm, Uggla will lead the company’s operations throughout the region
News Major record company bosses back campaign against UK AI copyright proposal The heads of Universal Music, Sony Music and Warner Music have thrown their weight behind a Daily Mail campaign urging the government to protect creators’ rights
News Abou ‘Bu’ Thiam brings BuVision label to Atlantic Music Group The deal will see BuVision’s artist projects marketed and released through Atlantic’s established network