News Universal, Warner, and Sony ink licensing deals with new music creation/social app, MashApp The app allows users to create real-time “mashups” of popular music tracks under the catalogs of Universal, Sony, Warner and Kobalt
News Taylor Swift was IFPI’s biggest-selling recording artist globally in 2024 – for a record fifth time 'This has been a huge year for Taylor,' said IFPI CEO Victoria Oakley
News Warner Music signs global deal with Japanese group PSYCHIC FEVER PSYCHIC Fever is signed to Warner Music Japan in partnership with 10K Projects in the US
News Elon Musk denies interest in TikTok as app’s US future remains uncertain The SpaceX and Tesla CEO said he would rather build companies from scratch rather than acquire existing ones
News Court increases prison sentence for Danish man convicted of streaming fraud The Eastern Jutland resident was convicted for artificially inflating stream counts on 689 tracks
News Ticketmaster cancels some Oasis reunion tour tickets believed to be purchased by bots (report) Ticketmaster says it started the process of refunding tickets that are believed to have been purchased by bots as of February 7
News Tiara Hargrave named General Manager at Influence Media’s frontline label SLANG Hargrave previously served as Executive Vice President and General Manager at Sony Music-owned Alamo Records
News Daniel Ek cashed out another $37.3m in Spotify shares as stock hit new high Spotify’s stock surged to a new all-time high of $626 this week, boosting the company's market cap to $125.71 billion
News Following app debacle, Sonos slashes 12% of workforce amid takeover talks The company has laid off 200 people ahead of the release of its fiscal Q1 results
News Spotify market cap value tops $124bn – as stock price hits record high after posting first full year of profit Spotify’s shares jumped 13% on Tuesday to $621.77, crossing the $600 threshold for the first time
News HYBE doubles down on Latin America with new label, signs Mexican artist Meme del Real Del Real, known for his work with multiple Latin Grammy Award-winning rock band Café Tacvba, has already released his first single under the new label
News YouTube’s quarterly ad revenues top $10bn for the first time in Q4 2024 Despite growth in ads, Alphabet's shares sank in pre-market trading as investors digested the company's revenue miss
News Apple Music launches its ‘best offer ever’ – a six-month trial for $2.99 The timing of the promotion comes as Apple Music promotes Kendrick Lamar’s Super Bowl LIX Halftime Show performance on Sunday (February 9)
News Trump signs executive order to create US sovereign wealth fund that could buy TikTok Trump hinted at the fund’s potential role in the TikTok acquisition, saying, “I have the right to do that, and we might put that in the sovereign wealth fund”
News SM Entertainment majority shareholder Kakao is building a superfan app to take on HYBE’s Weverse (report) Unlike HYBE's Weverse, Kakao’s BERRIZ will incorporate content from Korean movies, dramas, and webtoons