News Reservoir posts 8% jump in revenue, to $34.3m, in latest quarter Calendar Q2 2024 was the 12th consecutive quarter of year-on-year revenue growth for Reservoir since the company went public
News Bill Ackman massively scales back expectations for the IPO of his Pershing Square USA, from $25bn to $2bn Ackman confirms that IPO will be priced at less than a tenth of original $25 billion target
News RZA strikes partnership with Irving Azoff’s Iconic Artists, LL Cool J’s Rock The Bells to expand Wu-Tang Clan brand The deal centers around a plan to to expand Wu-Tang’s music to film, TV, merchandise, and brand partnerships
News The MLC fires back at Spotify’s proposed motion to dismiss bundling lawsuit The MLC says Spotify's motion to dismiss 'entirely ignores the proper legal standard for a motion to dismiss'
News Gloria Gaynor sues music producer for alleged copyright infringement, breach of contract Gaynor alleges that producer named in lawsuit is falsely claiming to own the rights to a number of her works
Analysis News From Universal Music’s Q2 results to Spotify’s new ‘deluxe’ tier… it’s MBW’s Weekly Round-Up The biggest stories from the past week – all in one place…
Analysis News Why UMG’s slowdown in streaming revenue growth is (partly) an illusion… and 4 other things we learned from Universal’s latest earnings call UMG's leadership team isn't worried about one quarter's worth of results, and says they're looking at the long term
News YouTube ad revenues jump 13% to $8.7B in Q2, but fall short of analysts’ expectations The video streamer's advertising earnings miss sent Alphabet shares down on Wednesday
News India’s Tips Music clocked 40% revenue growth in calendar Q2 The company's massive increase in revenue and profit comes amid an ongoing boom in India's music business
Analysis Daniel Ek talks new Spotify ‘deluxe’ tier, the company’s relationship with the music business and more on Q2 earnings call Spotify's Daniel Ek says his business aims to improve the wellbeing of the entire music industry
News US court orders Utopia Music to pay $1.9M to former owners of Lyric Financial The financially troubled music company had failed to make the final payment on its acquisition of Lyric Financial
News Sony’s $600m Michael Jackson deal just took a big step forward in court Sony's deal to acquire a 50% stake in Michael Jackson's publishing and recorded catalogs has cleared a major hurdle
News 14 NBA teams sued for copyright infringement over alleged use of music in social media posts without permission The lawsuits target 14 teams, including the New York Knicks, Orlando Magic, Cleveland Cavaliers and Indiana Pacers, among others
Analysis News From the $2bn+ copyright lawsuit against Verizon to Shamrock’s rights portfolio acquisition… it’s MBW’s Weekly Round-Up The biggest stories from the past week – all in one place…
News Kakao’s billionaire founder faces arrest over alleged manipulation of SM Entertainment stock price Prosecutors allege that illegal stock manipulation was involved in Kakao's successful battle to take control of SM Entertainment