Sony’s global music rights operation – across recorded music and music publishing – generated USD $2.70 billion in the three months to end of December 2024. That’s according to MBW’s calculations based on Sony Group Corp’s calendar Q4 2024 (fiscal Q3) results, as announced by the Japanese firm today (February 13). The $2.70 billion figure … Continued
Warner Music Group has today (February 6) confirmed that it has acquired a controlling stake in Tempo Music Investments aka Tempo Music. Tempo’s previous owner, Providence Equity Partners, holds on to a minority stake in Tempo as part of the deal. MBW first told you about the Warner acquisition last month. The final deal is … Continued
It’s official: as MBW reported earlier, Spotify and Universal Music Group have inked a new multi-year licensing agreement. Both sides of the deal have now confirmed their fresh alliance. And, as MBW’s sources nodded to earlier… it includes a surprise direct licensing agreement between Universal Music Publishing Group (UMPG) and Spotify in the United States … Continued
Big news from the land of MBW’s well-connected industry sources: Universal Music Group and Spotify have inked a new licensing agreement. (This news has now been officially confirmed by both sides – read all about it here.) We’re told the multi-year deal arrives a year earlier than many expected UMG’s next deal with Spotify to … Continued