News Sanujeet Bhujabal named Managing Director, Universal Music India and South Asia; Viral Jani appointed Chief Revenue Officer "We have been growing rapidly, through our groundbreaking, artist-first non-film music strategy..."
News Spotify co-founder Martin Lorentzon sells $81m of company’s shares Music streaming company Spotify has seen a 310% runup in its share price over the past 18 months
News Europe’s music tastes becoming more local, as royalties generated by European Union artists triple in 6 years Spotify says 44% of royalties generated in the EU came from EU artists, a record high
Analysis News From price hikes at Spotify to Warner’s major new hire… it’s MBW’s Weekly Round-Up The five biggest stories to hit our headlines over the past seven days…
News After stepping down as Peloton’s CEO, Barry McCarthy cashes out $10m in Spotify stock McCarthy recently stepped down as CEO of struggling connected fitness company Peloton
News Canada’s CMRRA reports 9% increase in royalty payouts for 2023 Growth was driven by increases in sync, international collections and physical distribution channels
News Music streaming services come out swinging against Canada’s new ‘discriminatory tax’ that requires them to hand over 5% of their Canadian revenues Canada’s Online Streaming Act requires streamers to contribute 5% of their annual revenue to a number of programs designed to aid Canadian content creators
Analysis News Bill Ackman, a major Universal Music shareholder, just got richer – and much more ambitious. What might this mean for UMG? How Pershing Square's new money-game connects to Universal Music Group – and the music business at large
Analysis News Spotify’s bundle battle with songwriters dampens Reservoir’s earnings forecast for FY 2024 Three things we learned from Reservoir’s latest earnings call
News PRS for Music announces additional $7.7m in annual payouts to songwriters, reveals four newly-elected Council Members at AGM The UK-based CMO is reducing its administration rate on multi-territory online collections
Analysis News From Sony Music’s reported Queen catalog talks to Live Nation’s DoJ battle… it’s MBW’s Weekly Round-Up The five biggest stories to hit our headlines over the past seven days…
News Reservoir reports double-digit revenue jump in latest fiscal year, to $144.9m The company is forecasting continued growth, though at a somewhat slower pace, in the coming year
Analysis News Sony Music Group boss Rob Stringer talks acquisitions, artificial intelligence and how music streaming services should start charging free users Sony Music wants to see an end to free music subscriptions, and 5 other things we learned from its latest investor presentation
Analysis The DoJ is suing to break up Live Nation. What exactly does the lawsuit aim to achieve – and could the concert giant win? The DoJ has its work cut out for it, if it wants to see Live Nation and Ticketmaster broken up
News US appeals court sets accelerated schedule to hear TikTok’s challenge to divest-or-ban law in September ByteDance has until January 19, 2025, to sell TikTok or face an effective ban on the app in the US