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
News Nick Ghelakis and Nicole Thomas named Co-Country Managers of Virgin Music Group, South Africa South Africa is the largest recorded music market in the Sub-Saharan African (SSA) region
Analysis News Deezer’s revenues grew 14.2% YoY to $144m in Q1; subscriber base reached 10.5m Paris-headquartered music streaming service Deezer has published its financial results and subscriber numbers for Q1 2024
News Music industry veteran Richard Stumpf launches Hawkeye Music Publishing New company has named Round Hill Music as a strategic partner
News Warner Chappell strikes exclusive deal with BandLab Technologies that includes a JV to identify and sign songwriters on ReverbNation Companies to identify and sign 'top-performing singer-songwriters' across the ReverbNation platform
News Downtown Music announces sudden passing of ‘beloved and highly respected’ CTO, Manan Vohra Exec is described by Downtown as an 'inspirational and visionary leader'
Analysis News ByteDance would rather shut TikTok in the US than sell if legal challenge against ban law fails (report) Citing sources, Reuters reports that TikTok's parent 'would prefer' to shut the app down in the US if court challenge is unsuccessful
News US independent vinyl retailers call for end to artist/label D2C pre-sell exclusivity windows "By restricting pre-sale opportunities ... record labels create a two-tiered system that privileges certain consumers over others."
Analysis News Concord isn’t giving up on Hipgnosis Songs Fund, as it bids $1.51 billion – less than 1% higher than Blackstone’s proposed offer HSF's board is unanimously recommending this offer to shareholders
News Taylor Swift’s The Tortured Poets Department has already racked up over 1bn streams on Spotify – the first album to do so in less than a week The Tortured Poets Department has broken more Spotify records