News TuneCore owner Believe aims to raise €500m as it begins IPO process in France Denis Ladegaillerie's company takes first step towards going public on Paris Euronext
News UK music industry body slams ‘retrograde’ government report on systemic racism in Britain "We believe much more can and should urgently be done to tackle racism and boost diversity and inclusion."
News DIY distribution platform Ledo, launched by Spinnin’ Records co-founder, files for bankruptcy Eelko van Kooten claims Ledo's website has been taken "hostage" by its digital agency
News Music financing doesn’t have to lead to seller’s remorse. "The outright sale of rights may very well work for some, but it doesn’t sit well with others."
Analysis News After Spotify’s (slight) price hike, Warner Music Group boss Steve Cooper expects music streaming prices will begin ‘closing the gap’ on video services Cooper responds to Spotify's confirmation that it will be raising some prices in key markets, including the US
News Hipgnosis acquires 105 songs from Grammy-winner Andrew Watt in eight-figure deal MBW estimates that the deal cost Hipgnosis somewhere between $45m and $75m
News Warner Music streaming revenues leap up 20% YoY in calendar Q1 New results show strong growth on same period of 2020
Analysis Is a reckoning coming to the way collection societies spend songwriters’ money? Stat Of The Week: Why new data from PRS For Music and GEMA may raise alarm on Wall Street
News Tencent-backed Instrumental launches virtual music venue in Avakin Life – with over 500k attendances in opening weekend "Our partnership with Instrumental shows that the future for live music is no longer limited by physical spaces and reality."
News $1bn-backed Tempo Music gets buying again – as its new CEO says it has a ‘best-in-class portfolio’ After parting ways with former CEO earlier this year, Tempo makes announcement of its acquisitions
News Merck Mercuriadis’ Hipgnosis just spent over $100m on a rock catalog, say MBW sources Who is the artist at the center of Merck Mercuriadis's latest nine-figure deal?
News Warner Music Group buys stake in virtual concerts platform Wave Warner says partnership will enable it to unleash "more powerful artist activations"
News Jay-Z reportedly finalizes TIDAL sale to Jack Dorsey for $302m (UPDATE)… as platform boasts of paying ‘4X more per stream’ than rivals Final sales price, as reported by TMZ, is over $50 million more than expected
News YouTube is now generating $2bn a month from ads – and grew faster than Netflix in Q1 Latest Alphabet results show 49% year-on-year growth in Q1 ads
Analysis Goldman Sachs: Universal is worth over $50bn, and global music streaming revenues will rise $3bn this year Latest Music In The Air report has been obtained by MBW - and it'll put a spring in the industry's step