News Beggars Group has acquired majority ownership of XL Recordings, documents show UK-headquartered indie music company Beggars Group has been the majority owner of XL Recordings since October 2024
News Beggars Group revenue hit $140m in 2024, as operating profit jumped 49% The company saw revenue grow as it celebrated a year of Grammy nominations and Brit Awards wins
News The UK’s PRS for Music reports largest-ever quarterly royalty payout at $368m, up 4% YoY More than 50,000 song creators will be paid via PRS this quarter, including hundreds of first-time songwriters and composers
News James Barton resigns from Superstruct, less than 18 months after KKR’s acquisition of company Superstruct has faced objections from artists following investment in the company from KKR last year
News Eric Wong promoted to EVP, Recorded Music at Warner Music Group He will remain based in New York, reporting directly to WMG CEO Robert Kyncl
News Dionne Warwick sued by rights company over royalties from Doja Cat sample deal Artists Rights Enforcement claimed the singer tried to cut off payments under agreements they struck since 2002.
News Beatchain launches music platform WAVVI in West Africa via AFROSON1C X partnership WAVVI will offer streaming distribution, AI-powered advertising campaigns, performance and auience analytics and audio mixing tools, among others.
News Berlin startup Mirelo raises $41m in seed funding for AI-generated video sound Founded in 2023, the startup develops foundation models that produce synchronized sound effects for video content.
News Warner India’s Divo names Sony veteran Ashok Parwani as Head of Music Parwani spent two decades at Sony Music India, where he helped build the company’s southern India operations.
News Ollie Wards departs as TikTok’s Director of Music for Australia and New Zealand Wards' adieu follows hot on the heels of Charlotte Stahl's departure as head of Music Partnerships for the EMEA region
News Live Nation acquires majority stake in Chile’s Movistar Arena Live Nation's expansion into Latin America's live music markets continues apace
News HYBE ‘to build a global platform for African talent’ via new partnership with Tyla managers Brandon Hixon and Colin Gayle Tyla will be the first artist supported under the initiative
News Alain Lanceron named Chairman Emeritus of Warner Classics & Erato as David Bither expands role to head up WMG’s classical labels Markus Petersen, currently SVP Global Operations & Business Development, Classics, is being promoted to the new role of Executive VP & General Manager, Warner Classics.
News SoundCloud partners with Imogen Heap’s Auracles on artist data platform The integration allows artists to import music projects between the two platforms and access all of their metadata, stems, PRs and more.
News Exclusive: UMG proposes selling Curve to secure EU approval for $775m Downtown deal UMG submitted formal commitments to the EC on December 11