News ELVIS Act signed into law in Tennessee to protect artists’ voice and likeness from the misuse of AI The bipartisan ELVIS Act was signed into law on Thursday (March 21) by Tennessee Governor Bill Lee
News BMG Chief Content Officer Dominique Casimir steps down Exec to exit her role after 15 years with the company
Analysis News Global recorded music revenues rose 10.2% to $28.6bn in 2023, as paid subscriptions to music streaming services exceed 500m globally IFPI has published its Global Music Report, which shows global trade revenues for the recorded music industry in 2023
Analysis News Still not convinced about TikTok’s AI music ambitions? This web of patents and trademarks will change your mind. MBW has uncovered a series of US patents and trademark applications filed by a mysterious ByteDance affiliate
News James Blake joins $5-per-month ‘artist subscription’ platform Vault says that "artists can share their unreleased tracks directly" with fans and "tap into a new recurring revenue stream".
Analysis News This ‘secret’ composer is behind 650 fake artists on Spotify. His music has been streamed 15bn times on the platform (report) Revealed in a Dagens Nyheter expose: the musician 'behind the world's most listened to network of fake artists on Spotify'
News Tony Bennett music assets acquired by Olivier Chastan’s Iconoclast in multi-million dollar deal Sony Music will continue to own/control the bulk of Bennett's biggest-selling sound recordings catalog
News Kobalt ups spending power to over $1bn via new $450m revolving credit facility, plus a $266.5m raise via asset Securitization Company said that these new transactions provide it 'with more than $1 billion to continue to grow and execute on its strategic initiatives'.
Analysis News Global recorded music revenues grew 9.8% YoY to $35.1bn in 2023, says MIDiA Research MIDiA estimates that streaming revenues reached $21.9bn in 2023
Analysis News Recorded music trade revenues in the UK grew 8.1% YoY to $1.77bn last year The UK is the world's third largest recorded music market behind the United States and Japan, respectively
News Mercury Records expands executive team in New York Team now includes EVP, Mercury Records, Alex Coslov and SVP, Media, Mercury Records, Marisa Bianco. Mario Vazquez joins as VP, of Audience and Streaming
Analysis News Believe generated $952.7m in annual revenues last year, up 15.7% YoY The company’s full-year financial results were published on Wednesday, March 13
News Stu Bergen named interim CEO of Deezer Announcement follows the departure of Deezer CEO, Jeronimo Folgueira
News Spotify challenges YouTube, launching music videos for Premium users in 11 markets The 11 markets include the UK, Germany, Italy, the Netherlands, Poland, Sweden, Brazil, Colombia, Philippines, Indonesia, and Kenya.
News Haley Evans promoted to President of Mega House Evans, previously Vice President of Mega House, will report to Co-CEOs David Silberstein and Jeremy Levin