Analysis News From Sting selling his song catalog to the majors generating $20bn last year: It’s MBW’s Weekly Round-Up The biggest stories of the week – and why they matter
News Music licensing company PPL reached a record $128m in international collections last year Since 2006 PPL has collected nearly £700m ($951m) of international revenue.
News Sony Music’s $430m buyout of AWAL provisionally cleared by UK competition watchdog UK’s Competition and Markets Authority gives provisional decision – and it's good news for Sony
News Reservoir has $3bn worth of deals in ‘pipeline’ and expects to spend $200m+ on M&A during first year as public firm Reservoir Media has published the financial results for its fiscal Q3 2022 (calendar Q4 2021), ended December 31, 2021
News Nas and Lil Baby-backed metaverse firm Everyrealm closes $60m funding round led by Andreesen Horowitz The firm is led by CEO Janine Yorio
News Sting sells song catalog to Universal for $300m+ Sting has sold more than 100 million albums throughout his career
News Snoop Dogg acquires Death Row Records from MNRK Music Group 'I am thrilled and appreciative of the opportunity to acquire the iconic and culturally significant Death Row Records brand,' says Snoop Dogg
News Music funding platform beatBread raises $34m BeatBread offers advances ranging from $1,000 to $2 million per artist
News A new firm just raised over $100m to buy film and TV music rights – and it’s already made its first big acquisition Catalog includes the film and TV music scores for Fantastic Beasts, the Hunger Games Trilogy, The Dark Knight, Maleficent and more
News Ex-Spotify CFO Barry McCarthy named new Peloton CEO, as firm cuts 2,800 jobs in ‘restructuring program’ Former Spotify CFO steps in as Peloton co-founder steps down
News Alice In Chains members Jerry Cantrell, Sean Kinney, Mike Inez and William Duvall sell rights to Round Hill Music Catalog comprises 94 compositions and 159 recordings
Interviews ‘The indie versus major notion is outdated in the digital age.’ MBW’s World Leaders series interviews Marie-Anne Robert, Managing Director of Sony Music Entertainment France
News Warner Music Group generated nearly $1bn from streaming last quarter WMG has published its quarterly results (for fiscal Q1 2022, but calendar Q4 2021)
News Alex Branson joins Beatport as Senior Vice President of Music Services Branson will be based in London
News LaTrice Burnette appointed Executive Vice President, Def Jam Recordings / President, 4TH & Broadway Burnette to bring the 4TH & Broadway label from Island to Def Jam Recordings