News Shutterstock acquires stock video marketplace Pond5 for $210m, including a library of 1.6m royalty-free music tracks Pond5's customers include the likes of Netflix, Disney, NBC, BBC and Discovery Channel
News Primary Wave buys Bob Dylan’s share of The Traveling Wilburys Included in the deal are Dylan’s master royalties and neighboring rights royalties for both Traveling Wilburys albums, as well as the 2007 box set
News Universal’s Web3 label 10:22PM launches NFT collection and virtual world for metaverse band KINGSHIP NFTs will grant access to virtual world, plus music, products and token-gated experiences
News Warner Music and Warner Chappell Music Spain launch The Music Station, a new HQ and creative hub in Madrid New space consists of more than 10,000 square meters
News Reservoir and PopArabia acquire Egyptian Record label 100COPIES Reservoir and PopArabia have also signed Egyptian rapper and singer Mohamed Ramadan to a worldwide publishing deal
News From Universal’s $2.46bn in Q1 to the record labels and publishers’ major settlement: It’s MBW’s Weekly Round-Up The biggest stories from the past week – and why they matter
News Live Nation revenues soar to $1.8bn in Q1 2022, as company delivers ‘best first quarter ever’ Live Nation has published its financial results for Q1 2022 (ended March 31)
News Record labels and publishers ink major settlement, moving from 9.1 cents to 12 cents per track for US mechanical royalties on physical sales Agreement reached to settle rate negotiation in the US
News Splice Chief Music Officer Maria Egan exits, joins Riot Games as Global Head of Music & Events Egan was previously Chief Music Officer at Splice since 2020
News UnitedMasters, valued at $550m, just launched its own beat marketplace Steve Stoute's UnitedMasters launches Beat Exchange, a platform for buying and selling beats
News Is TikTok (or ByteDance) slowly morphing into a record company? Evidence is building that such a description might one day fit...
News Splice just launched an AI-powered app that makes music with you New app CoSo uses AI to find sound samples from across the Splice catalog
News HYBE, home of BTS, sees revenues grow to $226m in Q1 2022, up 59.8% YoY HYBE generated South Korea Won (KRW) 285 billion in the three months ended March 31
News Believe generated revenues of $182m in Q1, up 30.9% YoY Believe also reports that its digital revenues were up 35.3% in Q1
News Universal Music Group revenues hit $2.46bn in Q1 2022 Top sellers for the quarter included releases from Disney’s ‘Encanto’ Soundtrack, King & Prince, The Weeknd, Fujii Kaze and Ado