News House panel approves bill that could lead to total TikTok ban in the US TikTok has around 100 million users in the US
News Shirin Foroutan appointed SVP and GM, Europe at Universal Music Publishing Group Foroutan previously served as Vice President, Creative, at BMI
News TIDAL axes Direct Artist Payouts ‘experiment’ to redirect funding to emerging talent program TIDAL RISING $500,000 has been paid out via the program since November 2021
News Fadia Kader named EVP and General Manager at Troy Carter and Suzy Ryoo’s Venice Music Kader was previously Global Head of Strategic Partnerships at Clubhouse
Analysis News Germany’s recorded music business generated $2.17bn in 2022, up 6.1% YoY Audio streaming accounted for 73.3% share of revenues
News Lyric Capital raises over $800m to buy music rights Lyric says that it exceeded its funding target, with 'support from a diverse group of new and existing institutional investors'.
News Dr Jo Twist OBE appointed Chief Executive of UK record label trade body BPI Twist is currently CEO of Ukie, the trade body for UK games and interactive entertainment
Analysis News The MLC has distributed $1 billion to songwriters to date Organization directly distributed more than $532.3 million in royalties to its members in 2022
News Abbey Road’s free ‘Equalise’ Festival returns for fourth year London’s Abbey Road Studios announces the return of its annual Abbey Road Equalise festival on Saturday, March 4, to coincide with International Women’s Day
News From HYBE’s stake in SM Entertainment to Live Nation’s $9.6bn investment in artists… it’s MBW’s Weekly Round-Up Our biggest stories of the week, brought to you in association with Centtrip
Analysis News Bad Bunny’s Un Verano Sin Ti was the biggest album in the world in 2022 IFPI's Global Album Award for 2022
Analysis News Is Live Nation ‘the largest financial supporter’ of artists? Concerts giant spent $9.6bn putting on shows in 2022 Company files financial results for Q4 and the full year ended December 31, 2022
Analysis News NetEase Cloud Music now counts over 611,000 registered independent artists NCM had 38.3 million monthly paying users at the end of 2022
Analysis News European Commission bans staff from using TikTok on work devices The European Union's executive arm has banned its staff from using TikTok on their work phones over cyber security concerns
Analysis News As It Was by Harry Styles was the biggest single globally in 2022, according to the IFPI Styles' As It Was wins IFPI’s Global Single Award for 2022