News Universal Music Group’s Global Impact Team expands ‘Sounds of the Future’ program to the UK UMG has also partnered with the Black Music Coalition on an internship program
News Rosalía’s ‘LUX’ breaks Spotify record for most-streamed album in a single day by a Spanish-speaking female artist The album accumulated 42.1 million streams within 24 hours of its release via Columbia Records.
News HYBE generated over half a billion dollars in Q3, as K-Pop company’s concert revenues surge 231% YoY Weverse had 11.6 million monthly active users, up by +700,000 from the 10.9 million recorded in Q2 202.
News Virgin Music renews multi-year deal with Brazilian label GR6 The agreement continues a relationship that began in 2020 between the Universal Music Group-owned music distributor and the São Paulo-based label.
News Spotify calls ‘payola’ lawsuit ‘nonsense’ as class action targets playlist practices Genevieve Capolongo alleges Spotify deceives users by letting labels boost song visibility through reduced royalty payments.
News UK’s Dune nears closing of $2.6M Series A round ahead of artist investment app launch Dune's platform allows fans to buy stakes in musicians that fluctuate in value according to daily streaming data.
News Vinny Kumar promoted to President of EMPIRE Publishing, as pubco expands into Africa Munyaradzi Chanetsa to run the African division as MD while Vinny Kumar leads the global team from HQ in San Francisco
News Live Nation’s revenue jumps 11% to record $8.5bn in Q3 on strong stadium activity, fan spending The company hosted over 51 million fans globally in Q3, with stadium shows up 60% from the prior year.
News Gary Gersh named Chairman of Bella Figura; company signs Sony Music Publishing deal in US push The London-based independent creative music rights company will establish operations in Los Angeles.
News Suno sued again, as Danish CMO Koda accuses company of stealing its members’ music to train AI model Suno accused of "the biggest theft in music history"
News K-pop superfan platform bemyfriends, a rival to Weverse, acquires controlling stake in SK Group’s music streaming operator Dreamus for $38.5m News arrives just over a week after bemyfriends secured a $14.7m investment from Goodwater Capital
News NewJeans lose contract battle with label as Seoul court rules in favor of HYBE’s ADOR The court found it "difficult to conclude" that ADOR breached its contract solely on the grounds of Min Hee-jin’s dismissal.
News UMG’s Udio deal prompts questions from Irving Azoff and the Music Artists Coalition "Artists must have creative control, fair compensation and clarity about deals being done based on their catalogs,” said Azoff
News Karma Artists plans UK writing camp for K-pop collaborations The move builds on Karma Artists' work with K-pop acts including BTS, Twice, Aespa, EXO, NCT, Riize and Shinee.
News Too Lost partners with Xposure Music to co-fund catalog acquisitions, with plans to deploy ‘tens of millions of dollars’ in upcoming deals Xposure Music will handle deal sourcing and financial underwriting, while Too Lost will handle distribution, rights administration and royalty processing