News Sony Music reveals 75,000 AI deepfake takedowns, slams UK’s ‘rushed’ copyright plans The music giant described the proposed copyright reforms in the UK as a threat to an industry that contributes £7.6 billion annually to the UK economy
News HYBE says it poured $14.4M into NewJeans, claims each member received $3.4M in settlement NewJeans realleged that HYBE and ADOR “continuously sidelined” them and sought to replace them with another group
News Manning Doherty to exit board of Universal Music Group Doherty has served on Universal’s board since the company’s public listing on Euronext Amsterdam in 2021
News After emerging from bankruptcy, Audacy lays off up to 300 staff (reports) Audacy has significantly reduces its debt and is now focused on 'streamlining resources to stay competitive'
News Daniel Ek bags another $29m from Spotify share sale, cashing out close to $700m since 2023 The Spotify CEO has sold $695.3 million of company stock since July 2023, regulatory filings show
News Asia-focused fund blackx partners with Japan’s ASOBISYSTEM to expand J-pop globally Investment firm blackx partners with Japanese talent management company
News LyricFind sues Musixmatch over alleged antitrust violations Musixmatch has called the accusations "meritless"
News Mercury Records promotes Tyler Arnold to Chairman/CEO and Ben Adelson to President/COO Tyler Arnold signed Post Malone while working as an intern at Republic, while Ben Adelson signed Noah Kahan, James Bay and Stephen Sanchez
News Saudi Arabia’s MDLBEAST unveils ‘A Thousand And One’ festival concept featuring electronic music, immersive storytelling The creator of the XP Music Futures conference will host the new festival concept in April in Riyadh.
News AI unicorn Anthropic raises another $3.5bn, boosting valuation to $61.5bn The Series E round was led by Lightspeed Venture Partners, also an investor in Stability AI and AI music generator Suno
News SM Entertainment to train aspiring K-pop stars in Singapore — for a $10,000 fee The program will include a week-long training stint at SM Universe’s main campus in Seoul
News Reddit Co-Founder Alexis Ohanian joins Frank McCourt’s ‘People’s Bid’ to buy TikTok "I've spent my entire career building tech that puts power back in people's hands - that's what got me excited about The People's Bid"
News Adam Holt to retire as MD of Universal Music New Zealand; Myra Hemara and Matt Kidd promoted to Co-MDs Holt has spent a total of 34 years with the company
News Snoop Dogg says he’s ditching Spotify for Web3 platform Tune.FM The rapper recently criticized Spotify, claiming he received less than $45,000 for over one billion streams on the platform
News Notorious B.I.G. estate nears $100m+ music rights deal with Primary Wave (report) The transaction could cover 50% of both publishing and master rights to the late rapper’s work