News SM Entertainment promotes CFO to CEO, appoints new directors post Kakao takeover Chief Financial Officer Jang Cheol-hyuk promoted to CEO
News NetEase Cloud Music renews deal to distribute Rock Records’ catalog in China Rock Records was established in 1980 by Tuan Chung-tan and Tuan Chung-i
News Seymour Stein, legendary co-founder of Sire Records who signed Madonna, The Ramones and Talking Heads, dies at 80 Sire was co-founded in 1966 with music producer Richard Gottehrer
News Disney shuts down metaverse division amid restructuring – report Move affects around 50 employees, The Wall Street Journal reported on Tuesday (March 28)
News YouTube’s Lyor Cohen to receive City of Hope 2023 Spirit of Life Award Cohen was chosen for this year’s award for his contributions to the music industry
News Hipgnosis acquires ‘Despacito’ co-writer Erika Ender’s catalog Hit song was written alongside Luis Fonsi and Daddy Yankee
News Kakao officially SM Entertainment’s largest shareholder with 39.9% stake, as HYBE holds onto 8.8% News culminates months-long corporate battle against SM rival HYBE to take control of the K-Pop agency
News Diplo joins $200m funding round for Torch Capital to invest in consumer-facing startups Investment firm closed its first fund, which raised $60 million, in June 2015
News BMI beats rate court dispute vs concert promoters, giving songwriters 138% raise in US BMI affiliates will receive a rate that is 138% higher than the historical rate
News Apple Music Classical streaming app officially launches App is now available worldwide where Apple Music is offered
News Turntable LIVE raises $7m in seed round to launch social music platform Round was led by Founders Fund and f7 Ventures
News Tuned Global names Pacemaker co-founder Jonas Norberg as first Head of AI Company is also expanding its technical team in Europe
News Kakao launched a new virtual K-Pop group called MAVE, and the first single has already generated 20m streams on Spotify Virtual group also 172,000 subscribers on YouTube
News France becomes latest country to ban TikTok on government devices Ban applies to 'recreational apps' including Twitter, Instagram and Netflix
News Epic Games to share 40% of Fortnite purchase revenue with ‘island’ creators Epic says that its flagship game has more than half a billion player accounts