Analysis From $26.2 billion to TikTok defending itself… it’s MBW’s Weekly Round-UpThe biggest stories on MBW from the past seven days
News Kakao Entertainment plots global expansion via the US, strikes partnership with Sony’s Columbia RecordsPartnership includes 'global management' of rising K-Pop stars, IVE
News $100m-backed rights company AMR Songs launches, acquires interest in catalog of The Lovin’ Spoonful’s John SebastianSources tell MBW that AMR Songs has raised USD $100m in backing from institutional investors
News Warner Music Czech Republic invests in hip-hop label, Mike RoftDeal will see Warner Music become the sole distributor for all of Mike Roft’s roster
News Multimedia Music raises another $100m, acquires catalog of Emmy-winning composer Sean CalleryNew investment sees the company grow its funds from $100 million to $200 million
News As France loses fifth largest recorded music market position to China, TikTok says: We’re not to blame for paid subscription growth slowdown'There is no evidence to suggest TikTok is diverting music fans away from subscription streaming services,' says Global Head of Music at TikTok, Ole Obermann
News Live Nation acquires Hong Kong-based festival promoter ClockenflapMost recent edition of the company's flagship festival featured artists including Arctic Monkeys and Wu-Tang Clan
Interviews ‘Every artist, no matter how big they are, should have access to the same tools that any big company has.’How Feature.fm's marketing tools can help artists use viral TikTok moments to grow their streaming audience
News Tencent Music Entertainment had 88.5m paying users at the end of 2022, up 16.1% YoYTencent Music Entertainment Group has published its financial results for Q4 and the full year, ended December 31, 2022
Analysis News There were 589m paid streaming users in 2022, driving a 9% rise in global recorded music revenues to $26.2bnGlobal recorded music body IFPI published its Global Music Report 2023 on Tuesday (March 21)
News Spotify removes catalog of Zee Music, one of India’s largest domestic labels, due to licensing disputeZee has 93.6 million YouTube subscribers
News Michelle Teh appointed SVP, Global Classics and Jazz at Universal Music GroupExec returns to GCJ from UMG’s Global Priorities team
News Nettwerk secures capital from private equity firm Flexpoint Ford to make catalog acquisitions and invest in artistsCompany announces "significant structured investment" and strategic partnership with private equity investment firm
News Amazon to cut additional 9,000 roles, including positions at Twitch, as tech job cull continuesLatest round of layoffs was confirmed by Amazon CEO Andy Jassy on Monday (March 20)
News Warner Chappell launches Limited Edition Music partnership to sign alternative rock, pop, and country songwritersGreg Sowders, WCM’s SVP of A&R and Catalog to lead Limited Edition Music alongside former WCM A&R executive, Marc Wilson