News Diplo is the latest artist to let fans buy shares in his streaming royalties on $55m-backed NFT platform Royal Follows a sale from Nas on the platform in January
Analysis News From Spotify’s $7bn payout in 2021, to the global record industry’s $25.9bn revenues: It’s MBW’s Weekly Round-Up The biggest stories from the past week – and why they matter
News 10K Projects signs global deal with Trippie Redd, for what he says is $30m US rapper signs 'long-term' deal with Elliot Grainge-owned label
News Patrick Moxey launches label group, inks global strategic alliance with Warner for Helix and Payday Records Warner Recorded Music to handle global digital distribution via independent services arm ADA Worldwide
News Italy generated recorded music revenues of $392.4m last year, and landed at No.10 on the list of the world’s Top 10 markets Market's recorded music revenues grew 27.8% in 2021
News Sony partners with advocacy organization GLAAD to advance LGBTQ representation in music Partnership includes several initiatives to advance LGBTQ advocacy and inclusion at Sony Music Group and within the broader music industry
News Warner partners with pre-licensed music for games platform STYNGR WMG to supply game developers with access to pre-licensed tracks from portions of its music catalog
News Sony Music Group opens new Southeast Asia HQ in Singapore New office will be home to Sony Music Entertainment, Sony Music Publishing (SMP) and The Orchard
News Snoop Dogg, Google Ventures and Samsung join $450m seed funding round for Yuga Labs, the web3 firm behind Bored Ape Yacht Club Funding round values Yuga Labs at $4 billion
News Roblox and Sony reveal that 24kGoldn will be the latest artist to perform a virtual concert on the gaming platform Pre-concert 'quests' have already seen over 1.6m visits
News Apple’s music recognition app Shazam is also a concert discovery platform now Shazam now counts over 225 million monthly active users
News Muni Long partners with Def Jam Recordings via Supergiant Records label Breakthrough hit Hrs & Hrs has racked up over 150m streams
News Global recorded music revenues hit $25.9bn in 2021, up 18.5% YoY IFPI reveals recorded music revenue figures in Global Music Report 2022
News Immersive live-streaming tech company Volta raises $3m from Deadmau5, Robb McDaniels and more Other investors include Techstars Music and 7 Percent Ventures
News Reservoir acquires rights in catalog of film score composer Henry Jackman Deal includes rights in entire catalog, including scores for blockbuster films like the Captain America franchise, Wreck-It Ralph and Jumanji