Posts by Mandy Dalugdug

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

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

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

News

Tuned Global rolls out AI music features via AudioShake partnership

Tuned Global’s clients will now be able to separate songs and generate word-by-word lyric transcriptions

News

Amazon hikes prices for ‘Music Unlimited’ streaming service in the US, UK and Canada

The update puts Amazon Music Unlimited’s non-Prime rates in line with Spotify, which raised the price of its Premium subscription in the US to $11.99 in June 2024

News

US investor group including Employer.com founder, Roblox CEO claims to have secured $20B+ for TikTok purchase bid (report)

Jesse Tinsley said his planned bid has interest from Roblox CEO David Baszucki and Anchorage Digital CEO Nathan McCauley, as well as YouTuber MrBeast

News

Travis Scott named top artist-songwriter in Q3 2024; Mike Dean claims title of top non-performing songwriter on NMPA’s Gold & Platinum Program (based on RIAA certifications)

The National Music Publishers Association (NMPA) has revealed the top songwriters in the US for the third quarter of 2024

Music Business Worldwide

Posts by Mandy Dalugdug

Following app debacle, Sonos slashes 12% of workforce amid takeover talks

Spotify market cap value tops $124bn – as stock price hits record high after posting first full year of profit

HYBE doubles down on Latin America with new label, signs Mexican artist Meme del Real

YouTube’s quarterly ad revenues top $10bn for the first time in Q4 2024

Apple Music launches its ‘best offer ever’ – a six-month trial for $2.99

Trump signs executive order to create US sovereign wealth fund that could buy TikTok

SM Entertainment majority shareholder Kakao is building a superfan app to take on HYBE’s Weverse (report)

Tuned Global rolls out AI music features via AudioShake partnership

Amazon hikes prices for ‘Music Unlimited’ streaming service in the US, UK and Canada

US investor group including Employer.com founder, Roblox CEO claims to have secured $20B+ for TikTok purchase bid (report)

Hiroki Totoki named new CEO of Sony Group; Kenichiro Yoshida to remain as Chairman

UK’s House of Lords votes to strengthen copyright protections in AI, dealing blow to government’s plans

NetEase Cloud Music secures temporary deal to keep SM Entertainment’s catalog

Jamie Kinelski appointed SVP of A&R at Universal Music Publishing Group

Travis Scott named top artist-songwriter in Q3 2024; Mike Dean claims title of top non-performing songwriter on NMPA’s Gold & Platinum Program (based on RIAA certifications)