Analysis News Triller owes music rightsholders more than $23m (which it doesn’t have the cash to pay). Oh, and it’s just purged 200m bot/duplicate accounts from its platform. Oh, and it still wants to IPO. Four of Triller's most surprising declarations from its S-1 filing with the SEC
News Natascha Augustin promoted to Managing Director of Warner Chappell Music Germany Lars Karlsson to focus on the publisher’s business in the Nordics
News Music-making platform BandLab launches sync licensing program for its 60m+ registered users Program will offer sync opportunities for film, TV, games, and advertising
News Mike Easterlin and Steve ‘Stevo’ Robertson launch Severance Records joint venture with Big Loud The new label's flagship signing is rock act Dexter and The Moonrocks
News Is Believe about to come off the stock market and re-privatize? Company's shareholders are reportedly exploring potential bids to go private
Analysis News Taylor Swift’s music is streamed more in the US than the entire Jazz and Classical genres Swift claimed an audio stream market share of 1.28%; her market share including record sales was even bigger, at 1.79%
News AI music tech startup Bronze raises $1.3m from Disclosure, Method Music, September Management and more London-based audio technology start-up Bronze has closed a $1.3 million pre-seed round
Interviews Meet Sung Soo Han, the music executive behind K-Pop stars SEVENTEEN, and founder of HYBE-owned PLEDIS Entertainment Sung Soo Han founded SEVENTEEN’s label, developed the group, and oversees all creative processes for the HYBE-owned label’s roster.
News Universal Music to cut ‘hundreds’ of jobs in Q1, with majority of layoffs in recorded music division (report) Bloomberg reports that UMG’s recorded music division ‘will be hit the hardest’
News Phil Bauer named President of DistroKid – company founder Philip Kaplan transitions from CEO to Chairman DistroKid claims to be the world’s largest distributor of independent music, and estimates that it distributes 30-40% of all new music in the world
News Sylvia Coleman steps down as Non-Exec Director of Hipgnosis Songs Fund Coleman was appointed as a non-executive director in November 2019
News TikTok parent to shut down music streaming service Resso in India "Unfortunately, owing to local market conditions, we can no longer continue to serve users of Resso in India."
Analysis News Global on-demand audio streams reached the 4 trillion mark for the first time ever in a single year in 2023 Market monitor Luminate has published its Year-End report for 2023
News Sony Music unveils ‘next generation immersive music experiences’ for Fortnite and Roblox Projects are being led by the Sony Immersive Music Studios team
News Sir Lucian Grainge: After ‘artist-centric’ royalties, UMG’s ‘next focus’ is ‘superfan experiences and products’ UMG is 'already in advanced discussions with [its] platform partners regarding this phase and will have more to announce in the coming months,' said Grainge in his New Year note to UMG staff