News Musixmatch partners with AI company Runway to let artists generate AI-powered lyric videos The tool can also directly export the compositions as 30-second clips to create assets for social media, and Spotify Canvas.
News UK live music promoters Communion Presents and FKP Scorpio UK merge to form Communion ONE Communion ONE will be led by a board including managing directors Daniel Ealam, Mazin Tappuni and Scott O’Neill
News Tencent Music President and Chief Technology Officer Zhenyu Xie to exit Exec will continue to be involved with TME in a consulting capacity
News UK’s musical talent gets $1.3M boost as PPL launches annual giving program The program supports groups that drive positive change through music education, talent development, and artist well-being programs
News Saudi Arabian media giant MBC quietly bought a 14% stake in Anghami Anghami's stock price soared 59% in one day, after news of the acquisition went public
News Bandzoogle facilitated $16.4M in revenues for musicians in 2023, highlighting direct-to-fan sales boom More than half of the revenue generated on Bandzoogle last year came from merch sales
News Symphonic Distribution to host third annual women empowerment mentorship program with mentors from Amazon Music and Meta The program has so far connected 165 mentors with 340 mentees around the world
News Music licensing platform WavMaker launches with $5m seed funding The startup says it seeks to help video creators streamline the process of finding high-quality music for video projects
News Warner Music India makes strategic investment in JetSynthesys’ Global Music Junction Warner says the deal makes it the largest player in certain central Indian music markets
News TikTok’s US growth stalls amid UMG dispute, competition, regulatory and e-commerce woes (Report) The social media giant's efforts at e-commerce are backfiring with users, a news report says
News Talent management firm YMU sold for $76M after financial restructuring (Report) The deal includes cancellation of some debt and a new credit facility for the struggling agency
News UK’s Intellectual Property Office partners with PPL and PRS for Music on expanded ‘Get Paid Guide’ for music creators The new version aims to provide performers, managers, and reps with a step-by-step guide on registering and managing their music metadata
News Nine Canadian ‘streaming manipulation sites’ shut down in win for record companies Streaming manipulation misleads music fans and interferes with the effective operation of music streaming sites, IFPI and Music Canada said
News Snafu Records pledges $1M to bridge gender gap in music industry with Women’s Creator Fund The AI-driven record company is setting up a fund and a support network for women creators in music
News Big Loud Records inks deal to distribute all future releases through Mercury Records/Republic In a memo to staff, Big Loud's leadership stressed the company has not been acquired and remains independent