News iHeartMedia furloughs employees; CEO Bob Pittman gives up $1.5m salary for remainder of 2020 Pittman earns base salary of $1.5m a year, SEC filings show
News Management firm ie:music launches ie:ventures, music-making app Endlesss is first flagship investment Endlesss is a live collaborative music-making app and social network founded by Tim Exile
News Huawei takes on Spotify in Europe, with Music app licensed by Universal, Sony and Warner “We have made Huawei Music free for 3 months for new subscribers in the hope it will bring some joy at this time."
News Standalone Spotify Kids app launches in the US, Canada & France Ad-free app is exclusive to Spotify Premium Family subscribers
News Neeta Ragoowansi elected as new President of the Music Managers Forum-US Ragoowansi has been an entertainment attorney for over 28 years
News Sentric Music Group makes Business Affairs and Data Science hires Loren McShane joins as Head of Legal and Business Affairs; Dr. Joe Watson as Data Scientist
News Sacem unveils $6.7m fund and advances on royalties to help its author, composer & publisher members during Coronavirus crisis Operational arrangements for the emergency fund will be active as soon as April 2, says Sacem
News MIDEM 2020 cancelled, reboots as digital event due to Coronavirus The Midem Digital Edition will take place June 2-5, 2020
News Merck Mercuriadis’ Hipgnosis Songs Fund acquires music catalog from Bon Jovi’s Richie Sambora Company has acquired 100% of Sambora's publishing and writer’s share royalties in his catalog, which comprises 186 songs
News Licensing agency IMPEL expands into Latin America via deal with LatinAutor Deal will allow IMPEL to license and collect across Argentina, Colombia, Uruguay and more
News UK artists and managers have already lost over $60m due to Coronavirus lockdown MMF and FAC demand recoupment holidays, crisis funding, emergency advances and repurposing of black box revenues
News Mathew Knowles, father of Beyoncé and Solange, invests in African music streaming startup MePlaylist Music streaming platform is based in Nigeria
News Mattias Behrer appointed CEO of Live Nation Sweden He was previously CEO of media and marketing agency Dentsu Aegis
News Reservoir signs Joyner Lucas to worldwide publishing deal Deal includes global rights to Lucas’ entire catalog of works including upcoming album, ADHD