Analysis News Goldman Sachs just cut its 2020 paid music streaming revenue forecast by $2.2bn… but the future still looks bright Adjustments to the financial giant's forecasts say much about the future of the music business at large
News Bytedance poaches Disney’s Kevin Mayer to become TikTok’s new CEO Exec recently led the successful launch of Disney Plus
News ‘You can buy No.1s on Billboard’: Tekashi 6ix9ine claims 30,000 Ariana Grande single sales were purchased using 6 credit cards Rapper lets the accusations fly as he misses out on Hot 100 No.1 record
News Reservoir acquires 16,000 copyrights by bringing Shapiro Bernstein into its portfolio Sources tell MBW it's Reservoir's biggest deal yet
News Live Nation set to raise another $1.2bn to boost liquidity during COVID concert shutdown Michael Rapino noted on May 7 that his company had a free cash balance of $817m, combined with $963m in undrawn debt capacity
News Fortnite could get closer to ‘photo-realism’ in 2021 – here’s the video that shows how Epic Games shows off Unreal Engine 5 – and it's what you'd call impressive
News Music made by Artificial Intelligence has started winning awards. Grammys next? "A look into the exciting future of human-AI co-creativity in music" – or an A&R exec's worst nightmare?
News Allen Grubman’s law firm hacked, ‘working around the clock’ as cyberattack group demands $21m "[We] have hired the world’s experts who specialize in this area, and we are working around the clock to address these matters.”
Analysis News Another billion-dollar quarter for Sony Music, as streaming revenues jump 27.4% year-on-year Recorded music revenues rose 13.5% YoY in the quarter
News Universal Music Group accelerates China strategy, with Joe Fang named first ever MD of UMPG in region Hiring represents UMG's first major move in China since Tencent consortium deal was completed
Analysis News China’s NetEase Cloud Music, with over 800m users, gains rights to use 1.3m Warner Chappell songs Deal comes as Tencent exclusivity deals are said to be expected to expire over next two years
News Enzo Valdez appointed Managing Director of Universal Music Philippines Valdez, founder of Sindikato Group, succeeds Ricky Ilacad as head of Universal Music Philippines
Analysis News Michael Rapino talks cost-cutting, fan-less concerts, and pressing pause on Live Nation’s big Mexico deal The five things you need to know about the live giant's Q1 earnings
News Universal Music Group strikes partnership with Nigeria-based Aristokrat Group "This is an exciting time for African musicians, producers and companies such as ours."
News Spotify hires former HBO exec Eve Konstan as General Counsel Horacio Gutierrez: "[Eve's] extensive experience in the media industry and her proven leadership skills will be a great asset to the company!"