Analysis News Music audio streams just crossed the 1 trillion mark for the first time ever in a single year in the US US market monitor Luminate reports total US music streams figure for 2022
News Boomplay strikes partnership with France’s Generations Radio to promote African music Partnership will see the launch of the 'Top Africa Charts show' to promote African music and spotlight African artists
News Jamar Chess launches investment group to buy Latin Music rights The firm's first deal, via Wahoo Music Fund One, is a 50% stake in the publishing and recording catalogs of Oro Solido
News [PIAS] founders explain why they sold 49% of their company to UMG: ‘The battle lines in our industry have been redrawn.’ Universal Music Group confirmed its acquisition of a minority investment in [PIAS] earlier today
News Record labels welcome UK competition authority report on streaming, as Merck Mercuriadis slams CMA for not using ‘powers they have to fix the problems they identify’ Streaming market study report receives mixed response from the music industry
Analysis News Concord music rights to fuel $1.65bn Apollo bond offering – report Report marks the latest news about a music company launching bond offerings via securitized royalties from copyrights
News Universal acquires 49% stake in independent music powerhouse [PIAS] Deal follows the formation of a strategic global alliance between the two companies in June 2021
News UK competition watchdog finds major record labels are not ‘making significant excess profits that could be shared with creators’ Competition and Markets Authority's final report published
Interviews News How $40m-backed Symphonic Distribution plans to be a ‘true alternative’ to traditional labels Founder & CEO Jorge Brea on the challenges in the distribution space and how his company is trying to differentiate itself
News IFPI launches Official MENA chart, with Rema’s ‘Calm Down’ named as first No.1 New singles chart includes music streaming data from Anghami, Apple, Deezer, Spotify and YouTube
News BMG acquires music interests of Eurodance star Haddaway Deal with Haddaway includes his debut single and global hit What Is Love
News Michèle Hamelink promoted to Managing Director of Benelux at Sony Music Publishing Hamelink most recently held the position of Senior A&R, Europe
News Japan’s Avex Group strikes licensing deal with NetEase Cloud Music Deal gives NCM the right to distribute Avex's music catalog in China
Analysis News From Utopia Music downsizing its workforce to Warner’s $1.5bn in calendar Q3… it’s MBW’s Weekly Round-Up Our biggest stories of the week, brought to you in association with Centtrip
News Utopia Music makes layoffs as it downsizes global workforce MBW understands that Utopia's global team numbers 1,200 people. That figure includes both contractors and around 800 employees.