News Cinq Music parent buys NGL Collective to create ‘largest 100% Latino-focused digital-first Latinx media powerhouse in the US’ GoDigital has acquired NGL Collective with the backing of MEP Capital, a media and entertainment-focused investment firm
News SoundCloud slashes a fifth of its global workforce, blaming ‘challenging economic climate’ News comes fives years after SoundCloud's last widespread cut of staff
News Annie Aberle promoted to Vice President, A&R at PULSE Music Group Aberle was previously Senior Creative Director, PULSE Music Group
News Piracy tracking startup MUSO raises $3.9m from Puma Private Equity MUSO reports to have seen a 25% increase in general digital piracy year-on-year
News Matt Gralen named Chief Financial Officer at Beatport Exec most recently served as EVP of Corporate Development at UnitedMasters
News Kyle Elwin appointed People and Culture Lead at Merlin 'The opportunity to help nurture the people and culture at Merlin is an incredible opportunity,' said Elwin
Analysis News Is old music really exploding on TikTok, or has our definition of ‘catalog’ become outdated? New Chartmetric report shines a light on relevant data within much-discussed industry issue
News After raising $37m in January, Symphonic Distribution buys marketing agency, Streaming Promotions Founded in 2015, Streaming Promotions is based in Nashville
News Quincy Jones-backed NFT platform OneOf closes $8m funding round New capital brings OneOf’s total funding to over $72m to date
Analysis News From Meta losing Kobalt’s catalog to Universal’s $2.7bn in Q2… It’s MBW’s Weekly Round-Up The biggest stories from the past week - and why they matter
News Lyrics platform Musixmatch secures strategic investment from TPG Growth Founded in 2010, Musixmatch claims to have assembled the world’s largest lyrics catalog
News Snapchat to pay DistroKid artists monthly grants up to $100,000 via new ‘Sounds’ creator fund Snapchat now reaches over 600m monthly active users worldwide
News Universal launches monoX record label in Vietnam with media company METUB monoX is led by CEO Kendall Nguyen
News Miles Gersh promoted to VP, A&R for Warner Records Gersh was most recently Director, A&R for Warner Records
News Epidemic Sound hits Meta with $142m lawsuit for ‘rampant infringement’ of its music on Facebook and Instagram Swedish music company claims that Meta has “ignored" its "repeated notices of infringement and requests for access to the tools that would help stop the infringement”.