News Sony Music Masterworks acquires majority stake in Dubai-based concert promoter MAC Global MAC Global has brought touring acts to the region such as Ed Sheeran, Michael Bublé, Drake and Sia
Analysis News HYBE generated revenues of $312m in Q3, up 30.6% YoY HYBE publishes investor filing for the three months to end of September
Analysis News Spotify considering buying MENA-focused rival Anghami (report) Anghami listed on the NASDAQ in New York in February
News After teaming up with Sony Music Publishing to buy Ashley Gorley catalog, Domain Capital closes new $700m+ fund As of June 30, 2022, Domain managed approximately $8.4bn in total assets
News Adam Wright joins Merlin as Chief Financial Officer Wright joins Merlin after three years as Director of Finance for Creative Artists Agency
News Universal Music Publishing Group strikes global deal to represent song catalog of Irving Berlin Deal builds on UMPG’s existing relationship with Berlin’s estate
News Music funding platform beatBread launches exclusive investor network New service lets music companies, distributors and 'high net-worth' individuals bid on catalog and new music projects
News Music tech firm VNUE plans to list on NASDAQ with $15m+ raise Company has also struck a content with Brazil-based company Kokku
News Paul Pacifico to join Saudi Music Commission as Chief Executive Officer He most recently served as CEO of the UK's Association of Independent Music (AIM),
News Primary Wave buys catalog of US rock band Huey Lewis and The News for $20m Deal encompasses band’s entire commercially released music catalog from inception through 1994
Analysis News Amazon expands Prime member music access to catalog of 100m songs Catalog access increases from 2m to 100m songs for Prime members
Analysis News Sir Lucian Grainge on the dilution of the majors’ music on streaming platforms, TikTok’s future and more Grainge participated in a Q&A on Universal Music Group's Q3 earnings call last week
News Ron Stewart promoted to SVP of Urban Promotion at Warner Records Cory Sparks also joins the label as VP of Urban Promotion
News Reservoir strikes deal with Grammy Award-winning artist KayGee, including entire catalog and future works KayGee is a founding member of Grammy-winning hip-hop trio Naughty By Nature.
Analysis News From UMG’s 13.3% YoY revenue growth in Q3 to Spotify’s 7m new subscribers… it’s MBW’s Weekly Round-Up Our biggest stories of the week, brought to you in association with Centtrip