News IMPEL secures global licensing reach with amra deal for APAC and Brazil deal with amra includes Australia, New Zealand, South East Asian territories and Brazil
News Dance music brand fabric taps Believe UK’s b:electronic imprint for global services The collaboration will see fabric’s music distributed through Believe’s b:electronic imprint, a dedicated platform for electronic music
News Bill Ackman’s Pershing Square USA withdraws IPO, citing investor uncertainty Ackman had significantly reduced the price target for his US-based closed-end fund, before pulling out of the IPO altogether
News Rimas Publishing teams up with Chile-based Wild Company to discover artists in the market Together, the two companies will provide A&R services in the Chilean market
News Spotify backtracks on lyrics restriction, expands access for free users Spotify started limiting access to lyrics for ad-supported users last fall, but appears to have backed off from that idea
News Live Nation’s revenue rises 7% to record $6B in Q2 as fan attendance hits 39M “We continue to see strong demand globally, with a growing variety of shows attracting both casual and diehard fans who are buying tickets at all price points"
News Wasserman doubles down on M&A, bringing in private equity exec Steve Murray to lead acquisitions strategy Exec joins from Providence Equity Partners, where he was instrumental in helping Wasserman complete M&A deals
News Ralph Kink named head of digital transformation at GEMA "Digitalization and now generative AI are turning the music industry upside down. The tasks that GEMA faces are huge."
News Justice Department responds to TikTok’s lawsuit against US divest-or-ban law, calls platform a national security risk The DoJ has responded to TikTok's lawsuit against the new US law, arguing the platform is a national security risk
News Blue Raincoat Music hires BMG’s Roman Tagoe as Chrysalis Records Director of Streaming UK Tagoe joins Blue Raincoat Music from BMG, where he served as Director of Streaming for global catalog recordings
News TikTok launches hum- or sing-to-search feature, taking on YouTube Music and Shazam The tool is TikTok's answer to popular music identification apps like Shazam, and to YouTube's recently launched music search feature
News Apple Music expands artist analytics tools with global radio monitoring Artists using Apple Music's analytics tools will be able to track radio plays across 40,000 stations worldwide
News Small events platform Posh raises $22M in Series A round The platform focused on intimate gatherings has raised $31 million so far, according to news reports
News Audiomack launches ‘Sponsored Songs’ for artists as alternative to streaming fraud "You can buy a billion streams and make it look like you’ve made it, but what does that number mean if you can't... build a genuine fanbase?”
News Steven Gringer elevated to Senior Vice President of A&R at PULSE Music Group Gringer has worked with the likes of Gabe Simon, Angel Lopez and Manuel Lara