Analysis News Reservoir upgrades financial guidance after reporting 6% jump in revenues to $40.7m in calendar Q3 Company has raised its revenue and EBITDA forecasts for the fiscal year
News Chris Brown and Drake sued for at least $5m over alleged copyright infringement on ‘No Guidance’ 'No Guidance' has been streamed more than 1 billion times on Spotify, and viewed more than 480 million times on YouTube
Analysis News HYBE’s CEO just issued an apology to K-Pop artists, fans and rival labels amid a torrent of controversies from leaked internal documents. What’s going on? Disparaging comments about certain K-pop stars have angered fans, while other revelations have piqued the interest of regulators
News Duetti secures fresh $114m to buy indie artist catalogs, including $80m raised through firm’s first asset-backed securitization transaction Company, which officially launched in May 2023, says it has raised $235 million so far
News Universal Music enters into strategic partnership with AI music startup KLAY Klay says it's building 'a new Large Music Model (KLayMM) that will significantly advance state-of-the-art music AI'
Analysis News From Timbaland’s Suno partnership to UnitedMasters’ direct TikTok deal… it’s MBW’s Weekly Round-Up The biggest stories from the past week – all in one place…
News Qobuz launches ‘first of its kind’ high-fidelity streaming and download service in Japan Japan's music market lags behind others when it comes to adoption of streaming services, and Qobuz sees an opportunity in that.
News NetEase Cloud Music inks deal to give its subscribers in China 30-day exclusive access to releases from K-Pop firm Kakao Entertainment NetEase is increasingly positioning itself as the place to go for K-pop in China's music streaming market
News Global songwriter royalty collections rose 7.6% to $12.7bn in 2023, CISAC reports In its latest report, CISAC sees a slowdown in digital revenue growth ahead, and calls for regulation of AI.
News The Orchard bolsters operations in South Korea with key executive appointments Jeeyoung Lee appointed South Korea Country Manager; Sungho Bae named Director, Artist and Label Services, APAC
News Neon Gold Records, Avenue A unite to launch Futures Music Group The new collective of artists and labels aims to "reshape the business of music”
News Personalized music for games platform Reactional Music partners with classical music company Naxos Deal will see Naxos’ catalog made available to game developers who use the Reactional Platform
News Veteran music exec Peter Rudge to step away from artist management after 55 years Rudge has managed bands such as The Who, The Rolling Stones, and Lynyrd Skynyrd, among many others
News Colombia’s Dinastia takes a minority stake in music tech company SonoSuite Dinastia was already a client of SonoSuite, making the investment a strategic fit
News 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