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
News Tencent could be hit with $1.5bn fine and forced to sell two music apps in China (report) Reuters reports that anti-competitive watchdogs could force TME to sell off Kugou and Kuwo
News Sony says it’s ‘aggressively pursuing’ music acquisitions… and buys a Mexican catalog to prove it Comment comes as Sony Music Group posts a strong quarter in the three months to end of March
News Sony Music soared in calendar Q1, with over $1.3bn in recorded music revenue banked Sony Music Publishing revenues rise 11% year-on-year at the US dollar level
Analysis News Spotify’s average subscriber is now paying less than $5 per month Bang goes the ARPU (again), as SPOT reveals figure fell to just €4.12 in the first three months of 2021
News Blackstone is buying eOne Music from Hasbro in $385m cash deal Chris Taylor to run eOne Music as a standalone company under Blackstone ownership
News Kobalt’s Chief Marketing Officer, Ryan Wright, leaves company after seven years Kobalt founder and Chairman pays tribute to Wright's contribution to company's success
News Concord buys Downtown’s owned music copyright catalog for around $400m Downtown becomes services company with no significant owned copyrights, as Concord grows again