News BMI to slash ‘just under 10%’ of total workforce News comes just over a week after it was reported that BMI had scrapped a planned multi-billion dollar company sale
News Canada-based fund buys Albert Grossman’s commission rights to Janis Joplin, Gordon Lightfoot recordings Canada-based fund was formed through a partnership between ICM Asset Management and Crescendo Royalty Corporation in 2020
Analysis News Apple’s Shazam surpasses 70bn song recognitions Timeline of key milestones and stats released by Apple for its song recognition app, Shazam
News Kobalt to launch NFT collection, becoming ‘first global music publisher to release a set of fully licensed direct-to-fan NFTs’ Music lyric NFT collection is called An Electro Revival, in collaboration with Ghanaian visual artist, Afroscope
Analysis News As new Shazam charts launch in 17 countries including Nigeria and Ghana, Apple Music hails app’s role in discovery of African music globally Shazam was acquired by Apple for $400 million in 2018
News Swizz Beatz and Timbaland hit Triller with $28m lawsuit over alleged missing Verzuz payments Livestreamed beat battle event was acquired by Triller in January 2021
News Sony Music Publishing opens Nigeria office, appoints Godwin Tom as MD Exec was most recently CEO of talent management company iManage Africa
News Warner Recorded Music strikes global joint venture with Lee Daniels Music Agreement encompasses recorded music projects, including soundtracks, as well as artist signings
News Monti Olson to lead music rights acquisitions in new role as President at $500m-backed Litmus Music Olson was most recently Executive Vice President/Head of BMG Music Rights Music Publishing North America
News East Goes Global closes $1m seed round with investment from artists and managers Notable investors in the round include FLETCHER, Ingrid Andress, Jessie J, Jessie Reyez, managers Alfredo Tirado, James Dai, Larry Rudolph and others
News What do the world’s biggest music companies really think about the economics of streaming? A summary of what a number of leading global music companies argued to Britain's Competition and Markets Authority
News Anghami monthly subs up 41% YoY in H1, according to preliminary results Total revenue grew 29% YoY to $21.1 million in H1 2022
Analysis News Paul Pacifico repped artists at the FAC, then indie labels at AIM. Is he now off to rep major labels at the BPI? Pacifico will continue as CEO until the end of the year
Analysis News TikTok owns a patent for a music service – and it’s hiring for ‘TikTok Music’ staff. TikTok owns a patent for a music platform in the US. But there's a twist...
Analysis News Capitol Records just signed a virtual artist, FN Meka. He has over 10 million followers on TikTok. FN Meka has 10 million followers on TikTok