News Cameron Hoy promoted to CEO at TEG; Brad Banducci steps down after just over a year Hoy joined TEG subsidiary Ticketek Australia in 2007 and rose to the Managing Director role in 2015.
News YG Plus renews domestic distribution deal with HYBE, extending eight-year partnership YG Plus will continue to handle the domestic distribution of albums and digital music content for HYBE artists including BTS and SEVENTEEN.
News Saregama MD calls for DSPs to assign ‘no value’ to AI-generated music Vikram Mehra acknowledged that AI-generated music is present across streaming services – but argued it is failing to find an audience.
News FUGA renews global distribution partnership with Insomniac Music Group Downtown Music-owned FUGA first struck its partnership with Insomniac Music Group in November 2022.
News Japan’s Avex sees music segment revenues grow 6.8% YoY to $810M in latest fiscal year, as firm’s overall revenues rise 11.3% YoY to $971M Live entertainment was the primary growth driver, supported by arena-scale touring activity and expanding international fan engagement.
News Suno sued by Poseidon Wave Media, an entity behind indie duo The American Dollar, claiming it ‘nearly eliminated’ their licensing revenue The duo alleges that Suno has reduced their licensing revenue by nearly 80% since the AI company launched its service.
News Three Six Zero launches sports management division in partnership with Florian Schroeder’s PRJCT:A Florian Schroeder brings a roster of athletes including Chelsea and England defender Reece James and Australia international Sam Kerr.
News After raising $5M, Adobe-backed Tamber officially launches its AI music-making platform The suite is powered by what Tamber calls “sonic intelligence” – a set of tools designed to work alongside artists.
News Warner Music Korea strikes strategic global partnership with indie label and management firm FeelGHood Music to represent Korean star BIBI BIBI has surpassed one billion streams in the past 12 months and has over 4 million monthly listeners on Spotify.
News Sphere Entertainment secures $1.7B investment from Abu Dhabi for first international venue The venue will built on a plot of land between Yas Mall and SeaWorld Abu Dhabi.
News HYBE India partners with Snapchat to power AR auditions for its girl group search Under the partnership, candidates can film and upload audition content through a dedicated 'Audition' Lens on Snapchat.
News Spotify scraps new ‘Premium Lite’ tier in India, Indonesia, Saudi Arabia, UAE, and South Africa – while slashing standard Premium prices The Premium Standard plan has been reduced in multiple markets
News Spotify raises Premium prices in Canada by up to CAD $3 per month The Student plan remains unchanged at CAD $6.39 per month, while other tiers saw changes of CAD $1.30 to CAD $3.00 per month.
News Warner Music forms cross-border artist development platform GLIIDE with Thailand’s GMM Music The platform's first signing is SVRN, a performance-driven artist whose music video for his debut single "WHY" was released on Thursday.
News TikTok now lets US users book hotels and attractions in-app with ‘TikTok GO’ TikTok has partnered with Booking.com, Expedia, Viator, Tiqets, Trip.com and GetYourGuide to launch TikTok GO.