Analysis News Spotify wants 50 million creators on its platform by 2030. BandLab already has 60 million. And wait until you read how many tracks are being made on the Singapore-headquartered platform each month...
News Thomas Coesfeld: ‘I am determined BMG will grow even bigger and more successful under my leadership.’ Hartwig Masuch and Coesfeld pay tribute to one another in memos sent to BMG staff
News Hartwig Masuch to step down as BMG CEO, succeeded by Thomas Coesfeld Coesfeld joined BMG as CFO in April 2021
Analysis News Over-spending and under-pricing: Spotify’s commercial missteps have come back to haunt it. A close look at some of the factors that led Daniel Ek to slash 500 jobs from his worldwide headcount this week
News Spotify to slash over 500 jobs worldwide, as Dawn Ostroff exits streaming platform Alex Norström, currently Chief Freemium Business Officer, and Gustav Söderström, currently Chief Research & Development Officer, upped to co-Presidents
News Patrick Moxey files counterclaim against Sony Music in legal feud over use of ‘Ultra’ name Entrepreneur argues that his publishing company's use of the Ultra name is distinct from Ultra Records' trademark
Analysis News The investment bank that’s been most critical of Hipgnosis Songs Fund… just upgraded Hipgnosis Songs Fund to ‘positive’ Merck Mercuriadis' firm gets a bump from one of its biggest critics in the financial world
News Amazon Music raises standard monthly subscription price from $9.99 to $10.99. (Spotify, so far, still refuses to do the same.) Amazon had over 80 million paying music subscribers last year, according to Midia Research
News Tim Matusch joins Warner Music Group as EVP, Strategy & Operations Former YouTube and AOL exec becomes Robert Kyncl's first senior hire at major music company
Analysis News The Top 10 hits in the US last year accounted for fewer than 1 in every 200 streams The US's Top 10 streaming hits, combined, were cumulatively responsible for less than 0.5% of all on-demand audio plays in the US annually
News Sir Lucian Grainge: Music needs a new streaming payout model… and we’re working on it. Universal boss takes aim at streaming models that he says are being gamed by 'bad actors'
Analysis News The story of Trefuego’s TikTok hit 90mh – and Sony’s bid to scrub it from the internet It was a TikTok viral hit with hundreds of millions of streams – before Sony issued a copyright takedown. But five months on, it won't go away.
Analysis News Universal Music Group sued over its Spotify equity ownership by artist in class action lawsuit Black Sheep says it should have received equity from UMG's holding in Daniel Ek's company
Analysis News 5 numbers that will come to define the music business in 2023 MBW picks out a handful of statistics underpinning some of the red-hot issues bubbling away as we type...
Analysis News Universal Music Group finished 2022 worth nearly three times as much as Spotify Warner Music Group is worth more than SPOT, too, following a troubling year for the streamer's investors