News From Sony and Warner’s calendar Q1 results to TikTok’s A&R recruitment drive: It’s MBW’s Weekly Round-Up The biggest stories from the past week – and why they matter
News BMG and Warner competing for Pink Floyd catalog, which could fetch more than Bruce Springsteen’s $500m+ deal (report) FT reports that bids are flying in above the half-billion-dollar mark
Analysis News At $4.9bn, Peloton’s market cap value has plunged to just 10% of what it was in January 2021 Stat Of The Week: Spotify isn't the only music-related tech giant with a rapidly sinking share price
News BMG Chief Operating Officer Benjamin Katovsky exits Katovsky has served as Chief Operating Officer since July 2018
News As ByteDance IPO rumors resurface, TikTok hires for A&R execs in London and LA to ‘sign’ new artists Job ads for A&R Managers pop up in London, Los Angeles and Sao Paulo (Brazil).
News The Chainsmokers are giving away a share of their streaming royalties for free, via Justin Blau’s NFT platform Royal Royal says The Chainsmokers will be making 5,000 NFTs that represent a collective 1% of their new album’s streaming royalties
News YouTube’s Q1 ad revenue was more than double what Spotify made across its entire business in Q1 YouTube's advertising revenues reached $6.87 billion in Q1 2022
News As rap continues to rule the charts in Germany, Apple Music expands Charlie Sloth’s Fire in the Booth freestyle series into the market Fire In The Booth Germany will be presented by DJ Maxxx
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)