News Beatstar spins out into new music-gaming firm NEXTBEAT, led by Space Ape Games and Voisey co-founders Simon Hade and Olly Barnes Beatstar has amassed nearly 100 million downloads and is expected to surpass $200 million in lifetime revenue this year
News The Czech Republic generated $50m in streaming revenues in 2023. Now Sony Music has acquired one of the region’s leading indie labels. Sony has acquired Supraphon, claimed to be the Czech Republic's largest independent record label
News Sony Group pledges $5M for California wildfire relief The parent of Sony Music is among a growing number of corporations donating to disaster relief efforts amid Southern California's devastating wildfires
News HYBE’s ADOR takes legal action to block NewJeans from seeking independent advertising deals The HYBE-owned label says it's seeking to protect its position as NewJeans' exclusive management agency
News Universal cancels all Grammy-related events; major will redirect funds to those affected by Los Angeles wildfires Over 50 UMG employees have lost their homes or been displaced in the Los Angeles wildfires
News Grammy Awards to ‘proceed as planned’ despite Los Angeles wildfires Live telecast to raise funds to support wildfire relief efforts
News At least 50 UMG employees ‘totally displaced’ by Los Angeles wildfires; Sir Lucian Grainge pledges ‘range of efforts to support those affected’ 'Amidst all this uncertainty, we must continue to work together to deliver for our artists and songwriters around the world,' Sir Lucian Grainge wrote
News Youssef Chellak appointed General Manager of Warner Music Belgium Exec will operate from the company's Brussels HQ
News TikTok’s SoundOn powers global release of Alan Walker’s new album with exclusive in-app experience The partnership comes with a TikTok campaign featuring exclusive content and interactive experiences for fans worldwide
News Warner Music Group and the Blavatnik Family Foundation donate initial $1 million to Los Angeles fire relief Palisades fire is currently 13% contained and has burned through more then 23,000 acres
Analysis News From Blackstone’s Citrin Cooperman acquisition to Travis Scott’s alleged copyright infringement… it’s MBW’s Weekly Round-Up The biggest stories from the past week – all in one place…
News Wise Music Group acquires Austria-based classical music publisher Doblinger Musikverlag Deal follows the divestment of Wise Music's Digital Education division
Analysis News Daniel Ek has cashed out over half-a-billion dollars in Spotify stock to date, banking another $28m this week Ek's latest transaction involved the sale of 60,000 shares
Analysis News Travis Scott, SZA, Future sued for alleged copyright infringement over 2023 hit ‘Telekinesis’ Victory Boyd claims they ripped off her song 'Like The Way It Sounds' to create their 2023 hit, 'Telekinesis'.