News TikTok cuts global revenue target for 2022 by $2bn (report) Company reportedly initially expected revenue to range between $12bn and $14.5bn
News Sound Royalties launches US West Coast unit led by StessCo’s Andrew Stess and David Blutenthal Partnership with StessCo will expand Sound Royalties’ existing team in Los Angeles
News Maria Garrido named Chief Marketing Officer Officer at Deezer Exec to be based in Paris, reporting directly to CEO Jeronimo Folgueira
News Kuke, a classical music platform from China, is at risk of being delisted from the NYSE Kuke launched its US listing in January 2021, raising $50m
News Ex-TikTok exec Mary Rahmani’s Moon Projects forms publishing JV with Warner Chappell Moon Projects was founded in 2021
News Universal lands exclusive global publishing deal with China’s RYCE spanning 700+ songs Deal also includes 'expansive' K-Pop song catalog rights across greater China region
Analysis News Elon Musk says Twitter will soon ‘share revenue with content creators’. Will that include music? Musk says Twitter is planning to host its own longer-form video content – and share revenue with creators
News With no merger in sight, $200m SPAC, The Music Acquisition Corp, sets date for shareholder vote to liquidate Blank-check company foated on the New York Stock Exchange in February 2021
Analysis News Resso code hints at ‘TikTok Music’ global rollout preparation (report) Code discovered within TikTok’s sister app Resso hints at further details about ByteDance's music app plans
News Milk & Honey launches US scholarship for female writers and producers from Australia and New Zealand New scholarship program will start in February 2023
News FUGA strikes partnership with classical music company Naxos Naxos Music Group distributes more than 90,000 titles
News Elton John launches ‘Beyond the Yellow Brick Road’ virtual world on Roblox Platform will host the 'Beyond the Yellow Brick Road' virtual performance starting on November 17
News South Korean game publisher Com2uS buys $47m worth of shares in K-Pop giant SM Entertainment (report) Com2uS reportedly bought the shares between October 12 to October 31
News Jaxsta introduces new metadata matching tool for rightsholders Jaxsta houses more than 289 million official music credits from over 330 data partners
News Wise Music expands into Iceland, led by Inga Weisshappel Wise Music Iceland will operate as a JV between Edition Wilhelm Hansen and Bosworth Music