Analysis News The 3 major music companies are now jointly generating approximately $2.9m per hour With $6.2 billion in revenue secured in Q1, can the majors now go on to jointly top $25 billion in annual revenue in 2023?
Analysis Blog Why the power of AI may hold the key to distributing wealth throughout the music industry (Part 2) This MBW op/ed comes from Ran Geffen, founder of XR connect development agency OMR and CEO of Amusica Song Management in Israel.
Analysis News King & Prince sold 1.2m physical copies of their latest album ‘Mr.5’ in its first week in Japan, becoming the market’s fastest-selling album this year Universal Music Japan and King & Prince have set the record for 2023’s fastest selling album in Japan
Analysis Who owns Spotify today? MBW digs through SEC filings to discover who ultimately controls music subscription streaming's dominant player
Analysis News Ticketmaster sold 15,000 tickets per minute at ‘peak sale times’ in North America during Q1 2023 Concerts giant Live Nation delivered record results across all its divisions in Q1 2023.
Analysis The Boomy/Spotify streaming fraud debacle proves ‘pro-rata’ must go – urgently. Is that the kind of music business you signed up for? Because it's the one you've got.
Analysis News Gamma has invested in its own vinyl pressing plant… and 5 other things we learned from Larry Jackson and Snoop Dogg’s sit-down chat Larry Jackson appeared at the Milken Institute 2023 Global Conference in Los Angeles on Wednesday (May 3), on a panel with Snoop Dogg and hosted by Variety Executive Editor, Shirley Halperin.
Analysis News Move aside, BTS. K-Pop stars Seventeen just sold over 4.5m copies of their new album FML in its first week Seventeen's '10th mini album' FML sold 3.99 million copies on its first day (April 24)
Analysis News Larry Jackson’s $1bn-backed gamma expands into Africa and the Middle East, led by Naomi Campbell and Sipho Dlamini Sub-Saharan Africa was, in percentage terms, the fastest-growing recorded music region in the world in 2022
Analysis Ad-supported music streaming is broken. Resso, Deezer, and Gaana have all cut their free tiers in the past year. Will more services follow?
Analysis News HYBE’s revenues grew 44.1% YoY to $306m in Q1, driven by K-Pop stars Tomorrow x Together, Seventeen, Jimin and more HYBE’s revenues grew 44.1% YoY to 410.6 billion South Korea Won in Q1 2023, according to a new investor filing published on Tuesday (May 2)
Analysis Sony generated $2.18bn from recorded music and publishing in calendar Q1, up 9.7% YoY SZA's SOS was Sony Music Entertainment's biggest-selling project globally in the quarter
Analysis News Max Lousada on Warner’s dance strategy, A&R, AI and the ‘art’ of what’s possible with technology Max Lousada, CEO of Recorded Music at Warner Music Group, gave a keynote interview at IMS in Ibiza this week
Analysis News Believe generated $213m in Q1, up 22.2% YoY Paris-headquartered music company Believe has published its financial results for Q1 2023 (the three months to end of March)
Analysis Universal Music Group: Yes, ripping off Drake’s voice for that AI track was illegal – and we’re certain of it. Sir Lucian Grainge and Michael Nash couldn't be more unequivocal: The rash of copycat AI voices, they say, is 'clearly illegal'