News BMG buys recordings catalog of German pop-rock band Fools Garden Band's global hit Lemon Tree has sold six million copies
Analysis News Warner Music Group generated $92m from ’emerging platforms’ in calendar Q3 – and other takeaways from Steve Cooper’s last earnings call with WMG Warner's share price soared 15% following the announcement of the earnings on Tuesday
News Senate committee to hold ticket industry competition hearing after Taylor Swift tour sale drama Hearing date and witnesses to be announced at a later date
News Warner Recorded Music signs Saudi superstar Dalia Mubarak Middle East and North Africa is one of the world's fastest-growing regions for recorded music
Interviews News Artist financing platform beatBread closes $100m fund to ’empower independent artists and labels’ Launched in November 2020, company has made over 500 advances to artists and labels
News Warner posts $1.5bn in calendar Q3 revenues, up 16% YoY; recorded music streaming revenues grow 4.7% YoY Recorded music revenues were up 13.1% YoY to $1.244 billion, largely thanks to live music-related income
Interviews ‘Our dream is that Vybbe becomes one of the leading entertainment companies in Brazil.’ MBW's Trailblazers series interviews Carlos Aristides, CEO of Brazil-based music company Vybbe
News Raoul Chatterjee joins UK-based vinyl platform elasticStage as Chief Operating Officer Startup raised £3.5m in a seed funding round earlier this year
News Universal just launched its own streaming service for classical music via Deutsche Grammophon A subscription for STAGE+ will cost EUR €14.90 per month, or €149 per year
News SoundCloud offers 50% off its ‘Next Pro’ plan, which includes unlimited uploads and releases Next Pro offers unlimited track uploads and a premium profile badge
News Taylor Swift just crashed Ticketmaster’s site and sold over 2 million tickets. To meet demand, she would have had to play 900 stadium shows. Ticketmaster's site crashed during the 'Verified Fan' ticket sale for Swift's tour
News Pico Cibelli named President of Warner Music Italy, as Marco Alboni steps down as Chairman and CEO after 9+ years Exec joins from Sony Music Italy
News Merck Mercuriadis slams ‘tragedy’ of UK streaming inquiry outcome for songwriters, as record labels applaud industry’s ‘strong progress’ Representatives for music labels and musicians were quizzed on the Economics of Music Streaming in the UK this week
News Tizita Makuria appointed Vice President, A&R at PULSE Music Group Makuria joins PULSE Music Group from Artist Publishing Group
News Ulf Zick quit Universal to join Utopia in early 2022. Six months later, he’s quitting Utopia to return to UMG. Exec exits role at Utopia after six months