News Clive Fisher, former Universal Music EVP, dies aged 71; Sir Lucian Grainge leads tributes to exec ‘who loved people’ Fisher spent 33 years in total at Universal Music UK, before continuing to contribute as an adviser to key execs
News Concord set to buy Round Hill’s UK-listed royalty fund in a huge $468.8m deal Under the terms of the acquisition, Round Hill's shareholders will receive USD $1.15 per share in cash.
Analysis News Why Goldman Sachs believes that Spotify will remain the world’s dominant music streaming service in 2030 How much longer can Spotify hold on to its position as the world's biggest music streaming provider in terms of global paid-for subscriptions?
News UMG: ‘Artist-centric’ payments on Deezer can’t exceed 100% of platform’s royalty pool New model will ape streaming's pro-rata model, with a finite pool of royalties divided by market share
Analysis News On… Deezer nuzzling up to Universal’s ‘artist-centric’ model, a potential mass deletion, and a controversial tweak (update) It's been a big day in the music business – and it's raised a lot of possibilities...
News Timothy Xu, former Sony Music boss in China, named CEO and Chairman of Universal Music Greater China China broke into the world's Top 5 recorded music markets in 2022, according to IFPI data
News BMG revenues up 11.5% YoY in H1 2023, hitting $447m, as operating EBITDA grows 22.6% In H1 2023, BMG's operating EBITDA hit €90 million ($97m), up 22.6% YoY
News JKBX, music royalty trading platform, will launch September 12, aiming to become ‘transformative force in music and investing’ Songs that will appear on the platform on day one will include a run of chart hits performed by artists like Beyoncé, Major Lazer, and Taylor Swift
Analysis If BMI is sold, could a cull of its huge songwriter membership be on the cards? Will BMI's new private equity owners be able to challenge the restrictive Consent Decrees that goven how the org operates?
News So there’s an interesting link between Morrison Hotel Gallery and the team that built Concord… The Concord connection here is strong...
News Anghami welcomes $5m investment from SRMG Ventures SRMG Ventures is the venture capital arm of SRMG (Saudi Research and Media Group); SRMG claims to be the "largest integrated media group in MENA"
News Jack Antonoff is now managed by – and launching a label with – Jamie Oborne, as he inks global publishing deal with Universal Music Publishing Group Confirmed today, Jack Antonoff is now managed by Jamie Oborne / All On Red for the world, as are Antonoff's band, Bleachers
News YouTube and Universal Music Group partner to develop AI music tools – complete with ‘protections’ for artists and rightsholders UMG talent invited to guide development of AI music 'Incubator' at YouTube, as Sir Lucian Grainge sets out his view
Analysis The 3 major music companies generated $1bn more in the first half of 2023 vs. the first half of 2022 MBW crunches the numbers to check in on how the majors performed in the first half of 2022
Analysis News Sony generated $2.28bn from recorded music and publishing in calendar Q2, up 12.5% YoY SZA's SOS was Sony Music's biggest revenue-generating record in calendar Q2, for the second quarter in a row