News Former Spotify exec Jérémy Erlich launches ALTA Music, signs K-pop star JENNIE The Los Angeles-based company has struck a partnership with THEBLACKLABEL, founded by BLACKPINK producer Teddy Park.
News Update (2): Three former HYBE employees receive sentences for insider trading on BTS’ military enlistment (report) Two former employees and a current staff at the company were fined between KRW 51 million to KRW 231 million each.
News Producer Lex Luger and Lemonaide launch ‘creator-first’ AI Model with BeatStars The Lex Luger AI Model offers music creators royalty-free WAV and MIDI loops generated in Luger’s signature style
News Warner Music Italy signs superstar Milan-based DJ and producer MACE MACE has produced tracks for Italian rappers including Fabri Fibra, Gemitaiz, Gué, Ghali, Marracash, Noyz Narcos, and Salmo.
News Jim King promoted to CEO of AEG Presents UK and European Festivals The live entertainment company also promoted Steve Homer to President, UK Touring, reporting to King.
News Saregama, India’s oldest label, acquires 6,500-track catalog from NAV Records and YouTube channels with combined 24m+ subscribers The acquisition covers 6,500 tracks and YouTube channels with over 24 million subscribers.
News ABBA’s 1979 hit ‘Gimme! Gimme! Gimme!’ crosses 1 billion Spotify streams as Gen Z drives revival Achievement marks the pop group’s second entry into Spotify’s Billions Club, following Dancing Queen in July 2023.
News Universal Music Group takes step closer to US listing, filing draft registration with SEC The Dutch music company said it will not receive any proceeds from the planned US IPO.
News IFPI applauds ‘landmark’ Brazil court ruling in streaming fraud case under ‘Operation Authentica’ initiative The IFPI said the ruling marks the first under Operation Authentica, an initiative targeting the streaming fraud industry.
News Blackstone exits consortium for TikTok deal as divest-or-ban deadline looms (report) Blackstone had reportedly been slated to take a minority stake in the platform’s US business alongside other consortium members.
News Orfium awarded EU grant to lead research project into copyright detection in AI-generated music The AIXPERT project will develop AI systems that can identify when and how AI-generated music incorporates elements from human-made works.
News Roblox partners with Netflix and Lionsgate on new creator licensing platform The licensing tool gives IP owners self-service options to register and create IP licenses, set terms and collect revenue shares automatically.
News The Chainsmokers’ Mantis Ventures investment firm raises $100m for third fund The new fund brings the Los Angeles-based firm's total assets under management to $225 million.
News AB InBev apologizes for ‘$0 spent on music rights’ ad boast after Budweiser Cannes Lions win The beer giant's claim that it had “$0 spent on music rights” prompted a backlash from the music industry
News Pentagon removes drone video after Metallica issues copyright strike A Metallica representative told Rolling Stone that the band had not authorized the use of their music.