Analysis News Warner Music Group generated $1.49bn in calendar Q1; subscription streaming revenues rose 13.5% YoY Warner Music Group has issued its financial results for the three months ended March 31, 2024
News Kristal McKanders Dube to lead Global Corporate Communications for BMG McKanders Dube joins BMG after nearly six years at Warner Music Group
News Kilometre Music Group has spent $130m+ on music rights to date and says its latest acquisitions include stakes in Taylor Swift’s ‘Lavender Haze’ and ‘Karma’ Company formed the Barometer Global Music Royalty Fund in 2021
News Annie Aberle promoted to Senior Vice President/Head of Creative at PULSE Music Group Aberle was previously Vice President, A&R, PULSE Music Group
Analysis News Universal Music Group sees a future where 1 in 5 streamers pays for a ‘super-premium’ tier (and 3 other things we learned from UMG’s Q1 earnings call) MBW listened into UMG's Q1 earnings call. Here are a few things that stood out...
Analysis News Live Nation revenue reached $3.8bn last quarter; attendance grew 21% to 23m fans in Q1 The concert giant's latest financial results were published on Thursday (May 2)
News Warner’s Songkick strikes partnership with ticketing and marketing company Shoobs Partnership aims to boost the visibility of Black culture events and gigs
News Steve Redmond to step down as Global Head of Communications at BMG “Steve Redmond has played a pivotal role over more than a decade in helping define BMG as a new kind of music company," said BMG CEO Thomas Coesfeld said
Analysis News Universal Music Group generated $2.8 billion in Q1 – up 7.9% YoY UMG, which trades on the Euronext stock exchange in Amsterdam, has published its Q1 results (for the three months to end of March)
Analysis News Universal Music and TikTok strike new licensing deal – including ‘improved remuneration’ for UMG artists and songwriters The announcement brings to an end a long-running licensing dispute between the two companies.
News Artists have earned $123m via Bandcamp Fridays since 2020 and fans have paid artists and their labels $1.3bn via the platform to date The direct to fan platform celebrates its 40th Bandcamp Friday on May 3
News The NMPA’s TikTok deal has officially ended. What does that mean for independent publishers in the US? “Music is essential to TikTok. As we have said, we are not engaging in an extension of our deal," said NMPA President & CEO David Israelite
News Will Hunt promoted to Vice President of A&R at AWAL Exec joined AWAL from Columbia Records in 2018
Analysis News India’s Tips Industries generated $7.6m in calendar Q1, up 22% YoY India-headquartered music and entertainment company Tips has published its financial results for calendar Q1
News Jill Weindorf and Joe Dent promoted to Executive Vice President roles at Concord Label Group The move is one of the first under newly appointed Chief Executive of Concord Label Group Tom Becci