Uncategorized Audio Network, part of SESAC Music Group, partners with Audiomachine for trailer and production music The partnership comes at a time when AI is playing an increasingly large role in production music
News Jeff Jones steps down as CEO of The Beatles’ Apple Corps The company didn't name a successor in its announcement of Jones' departure
News UK recorded music exports hit record high of $964m in 2023 – but global share of consumption is shrinking Industry group BPI is calling on government support for UK artists as global competition intensifies
News Apple Music inks major deal in China: App now accessible for China Mobile’s 1 billion+ customers Apple's music streaming service faces stiff competition in the Chinese market from Tencent, NetEase and others
News HYBE’s Weverse to launch new superfan subscription tiers… and keep up to 60% of the money Weverse will reportedly take up to 60% of the revenue generated on its new paid membership service
News 2 Live Crew can take back recorded music copyrights from ex-label, jury rules Lawyers for the current owner of 2 Live Crew's copyrights have filed to overturn the jury's decision
News Triller is finally a publicly traded company: TikTok rival’s share price drops 20% on first day of trading At around $700 million, the company's market cap is short of the $4 billion initially targeted in the merger
News K-pop giant HYBE scrambles to pay back $293m in debt Holders of a series of HYBE's convertible bonds have requested early repayment, pushing the K-pop giant into a fast refinance
News India’s Tips Music clocks 32% revenue growth in latest quarter, as YouTube subscribers reach 108m India's music industry's impressive boom shows no signs of slowing down
News Triller preps for NASDAQ listing this week, as TikTok rival completes merger with financial firm AGBA Former Citigroup executive Mark Carbeck has been named as the new Chief Financial Officer
News Spotify expands music videos to 85 new markets CEO Daniel Ek says offering greater value to consumers is the key to ensuring Spotify can maintain price hikes
News Australia’s UNIFIED relaunches Community Music, commits USD $6.8m to support local indie artists The relaunch comes a week after UNIFIED announced a new services partnership with Downtown-owned FUGA
News The MLC nears $2.5bn in royalty distributions to songwriters and publishers since 2021 The MLC's royalty payout count has increased by $1bn in just one year
News Kids’ audio platform Yoto aims to double revenue with $15m funding package from HSBC Company's Yoto Player smart speaker uses physical cards to play audio content
Analysis News From UMG’s lawsuit against Chili’s to Ticketmaster’s bot problem… it’s MBW’s Weekly Round-Up The biggest stories from the past week – all in one place…