Analysis News From Sony Music suing Triller to Utopia raising €300m… it’s MBW’s Weekly Round-Up Our biggest stories of the week, brought to you in association with Centtrip
News Phonorecords IV: Music publishers react to US streaming royalty rate rise The headline royalty rate will be set at 15.35% for the years 2023-2027
News Following global success of acts like BTS and BLACKPINK, new fund launches to let investors back K-pop companies "The global market for K-pop is still at an early stage of growth," says Jangwon Lee, CEO of CT Investments
News Italy’s recorded music revenues grew 18.3% in H1, with Top 10 singles and albums dominated by local acts Italy's recorded music revenues topped €153 million in H1 2022
News The Beatles return North American merchandise rights to Universal’s Bravado Deal reunites legendary band’s merchandise business with their recorded music catalog
News Warner Chappell Music strikes licensing deal with short-form video platform (and TikTok rival) Kuaishou App reports to reach more than 180m monthly active users outside of China
Analysis News Repost is the cornerstone of SoundCloud’s artist services business. Repost’s founder just left SoundCloud. SoundCloud acquired Repost in May 2019 for around $15 million
Analysis News New blank check company files for $200m IPO, led by same team behind SPAC that took Anghami public SPAC is led by Jacob Cherian, the Co-CEO and a director of Anghami
News FUGA partners with Germany-based Odyssey Music Network; inks deal with Austria’s Phat Penguin Deal with Odyssey will see FUGA providing both digital and physical distribution for the company’s roster
News Snap Inc. to reduce workforce by approximately 20% Evan Spiegel, CEO Snap Inc., sent a note to employees on Wednesday (August 31) confirming the news
News BMG revenues increased 25% to €371m in first half of 2022 BMG reports that 60% of its revenues in the first half of 2022 were from publishing, with 40% from recordings.
Analysis News BLACKPINK’s virtual concert on PUBG MOBILE was watched by 15.7m viewers Video marked the first time BLACKPINK have appeared in avatar form for a music video
News Katie Robinson and Adam Ruehmer promoted within Elektra Entertainment marketing department Based in Los Angeles, Robinson and Ruehmer will both report to Elektra Co-Presidents Mike Easterlin and Gregg Nadel.
Analysis News From Kobalt’s sale talks to SM Entertainment’s expansion in Saudi Arabia… it’s MBW’s Weekly Round-Up Our biggest stories of the week, brought to you in association with Centtrip