News From HYBE’s $1bn revenues to Warner’s $750m BlackRock fund: It’s MBW’s Weekly Round-Up The biggest stories of the week – and why they matter
News David K. Dormon appointed General Counsel at Downtown Music Holdings He replaces Peter Rosenthal
News Sony Music Publishing enters partnership with Vertical Rights Vertical Rights is the publishing arm of Lateral Management, which operates out of London, Stockholm and Los Angeles
News Spotify’s Director, Global Head of International Licensing exits, joins YouTube Music as Managing Director, APAC Veteran music executive Paul Smith joins YouTube Music
News ‘The two year wait for artists and fans is over,’ says Live Nation boss Michael Rapino, as firm posts $6.3bn revenues for 2021 Concert giant Live Nation Entertainment has published its financial results for Q4 (ended December 31) and full year 2021.
News Utopia acquires the UK’s Absolute Label Services Absolute will continue to service its existing customer base as part of Utopia
News Reservoir strikes deal for stake in catalog of legendary hip-hop producer and songwriter Larry Smith Deal includes Smith’s collaborations with seminal rap group Whodini
News Thought streaming exclusives were over? Think again. Middle Eastern mega-star Amr Diab signs exclusive multi-year licensing deal with Anghami
Analysis News HYBE, home of BTS, surpassed $1bn in revenues in 2021 – the year it acquired Scooter Braun’s Ithaca Holdings HYBE spent $1 billion on Braun's company in April 2021, and has seen a 58% jump in annual revenues
News Wise Music Group subsidiary G. Schirmer acquires catalog of film composer Franz Waxman Waxman is considered one of the most important film and concert composers of the 20th century
News Endurance Music Group buys catalog of songs by Jimmie Allen, Ash Bowers EMG is the music publishing and music rights acquisition platform of investment manager, Raven & Company.
News Beatport acquires music industry technology company ampsuite Platform launches suite of professional products for suppliers, artists and labels
News Warner strikes ‘first-of-its-kind’ deal with blockchain gaming developer Splinterlands WMG makes another move in the blockchain industry
Analysis The major music companies are in a race to hire the best Web3 talent – before media’s biggest companies beat them to it Interesting developments at Universal, Sony, and Warner in recent weeks hint at the impact Web3 will have on music in the months ahead