News Jayne Davis appointed Chief Operating Officer at Ben Lovett’s tvg hospitality Katie Millar also named General Manager of the Orion Amphitheater in Huntsville, AL.
News K-Pop and media giant Kakao Entertainment secures $966m investment from sovereign wealth funds Company operates music streaming platform Melon and works with K-Pop stats like IVE and Monsta X
Analysis News On-demand song streams grew 12.2% in the US last year, and 25.6% globally US market monitor Luminate publishes Year-End report for 2022
News TikTok strikes licensing deal with Warner-backed Rotana Music Group Rotana is claimed to be 'the largest record label and music repertoire holder in the Arab world'.
News Cindy Mabe appointed Chair and CEO of Universal Music Group Nashville Exec to succeed Mike Dungan
News BBC Studios Director of Audio Bob Shennan to exit broadcaster after two stints spanning 36 years Shennan's career with the BBC started in 1987
News Ex-Lollapalooza Berlin booker Stefan Lehmkuhl joins BMG’s live music push in Germany Lehmkuhl has curated and produced music events such as Melt Festival, splash!, and Lollapalooza Berlin
News Sony Music and Todd Moscowitz launch new artist and label services company, Santa Anna Based in New York, Santa Anna will be led by Lee L’Heureux
News Triller didn’t end up completing an IPO in 2022. Now it’s being sued by Universal Music Group Complaint follows lawsuit filed by Sony Music in 2022
News Vevo partners with TikTok to launch weekly ‘trending on TikTok’ show Show will round up the music videos of the top trending songs on TikTok
News Amazon is cutting over 18,000 jobs, not 10,000 Layoffs at Amazon follow similar moves by other tech giants
News Downtown Music Holdings acquires Curve Royalty Systems Company was founded in 2019 by Tom Allen, Richard Leach and Ray Bush
News Justin Bieber nears $200m deal to sell music rights to Hipgnosis’ Blackstone fund (report) Bieber has released six albums, the most recent of which was Justice, via Def Jam / Universal Music in March 2021
News Now Believe muscles in on majors in Germany Believe says it was the third largest company in the German music streaming market based on local repertoire in 2022, behind Universal Music Group and Sony Music
News Nearly $50m has now been withdrawn by artists and participants using Sony Music’s Cash Out and Real Time Advances features Sony publishes 2022 recap for Artists Forward