News TikTok’s US growth stalls amid UMG dispute, competition, regulatory and e-commerce woes (Report) The social media giant's efforts at e-commerce are backfiring with users, a news report says
News Talent management firm YMU sold for $76M after financial restructuring (Report) The deal includes cancellation of some debt and a new credit facility for the struggling agency
News UK’s Intellectual Property Office partners with PPL and PRS for Music on expanded ‘Get Paid Guide’ for music creators The new version aims to provide performers, managers, and reps with a step-by-step guide on registering and managing their music metadata
News Nine Canadian ‘streaming manipulation sites’ shut down in win for record companies Streaming manipulation misleads music fans and interferes with the effective operation of music streaming sites, IFPI and Music Canada said
News Snafu Records pledges $1M to bridge gender gap in music industry with Women’s Creator Fund The AI-driven record company is setting up a fund and a support network for women creators in music
News Big Loud Records inks deal to distribute all future releases through Mercury Records/Republic In a memo to staff, Big Loud's leadership stressed the company has not been acquired and remains independent
News Live Nation extends ‘On the Road Again’ program through 2024, providing support to touring artists The program has supported some 4,000 touring artists so far, Live Nation says
News AEG Presents partners with Cárdenas Marketing Network on live Latin music The partnership will create what the companies call "the world leader in live Latin music"
News Anghami and Rotana expand partnership to cover live concerts, collaborations The new, three-year strategic agreement goes beyond conventional music licensing, covering live concerts and artist collaborations
News Nile Rodgers and conductor Esa-Pekka Salonen win 2024 Polar Music Prize Rodgers and Salonen join a prestigious list of previous laureates, including Paul McCartney, Chuck Berry, Stevie Wonder, Joni Mitchell and Miriam Makeba
News AI-powered beat generator SOUNDRAW raises $3m from investors including Eminem manager Paul Rosenberg The company recently saw an uptick in interest thanks to a viral parody ad for a fictional pizza company
News After launching Latin Music arm via the acquisition of Exile Music, HYBE hires Fernando Grediaga as General Manager for new division in Mexico HYBE Latin America is set to introduce new “promising artists” to its roster, the company says
News SM Entertainment beefs up publishing arm Kreation Music Rights with new signings, acquisitions In the past five months, KMR has snapped up two music publishers and signed its first artist
News South Korean regulators could target music streaming services in new competition act Under pressure from business groups, the government has delayed a proposed bill to regulate digital platforms
News BeatConnect raises another $1.7m in funding for ‘gamified’ music creation platform This spring, the company is relaunching its music creation platform, with elements inspired by gaming