News Tencent, Tencent Music to buy 10% stake in Thailand’s IPO-bound GMM Music for $70m GMM Music is bullish that the partnership with Tencent and TME will make a “fandom economy possible”
News AEG CEO Jay Marciano labels Live Nation/Ticketmaster a ‘monopoly,’ asserts DOJ will win lawsuit “While it may take some time, we strongly believe that DOJ’s lawsuit will succeed and ultimately bring sweeping changes"
Analysis News From Sony Music’s reported Queen catalog talks to Live Nation’s DoJ battle… it’s MBW’s Weekly Round-Up The five biggest stories to hit our headlines over the past seven days…
News HYBE can’t remove NewJeans label CEO Min Hee-jin… for now The latest developments in the power struggle between Ador's CEO and HYBE
News Reservoir reports double-digit revenue jump in latest fiscal year, to $144.9m The company is forecasting continued growth, though at a somewhat slower pace, in the coming year
Analysis News Sony Music Group boss Rob Stringer talks acquisitions, artificial intelligence and how music streaming services should start charging free users Sony Music wants to see an end to free music subscriptions, and 5 other things we learned from its latest investor presentation
News Artist Legacy Group named global representative of DMX’s estate DMX's music has seen a resurgence of interest since the rapper's untimely passing in 2021
News Domino and Sentric Music join RDx global data exchange service Launched by IFPI and WIN and operated by PPL, the RDx platform aims to streamline music data for royalty collections
News Spotify hit with class action lawsuit over discontinued ‘Car Thing’ device Consumers who purchased the device “are left with nothing more than a paperweight that cost between $50 and $100"
News Sony Music in talks to acquire Queen catalog in potential $1bn deal (report) Potential deal would become one of the biggest single-artist music catalog sales in history
Analysis News Three quarters of all royalties generated by UK artists on Spotify in 2023 came from listeners outside of the UK Spotify has recently broken out streaming royalty data for a bunch of individual markets in Europe
News US appeals court sets accelerated schedule to hear TikTok’s challenge to divest-or-ban law in September ByteDance has until January 19, 2025, to sell TikTok or face an effective ban on the app in the US
News Matt Serletic joins Amazon Music as Director of AI Innovation and Interactive Experiences ‘to reimagine how people connect with music in the age of AI’ Serletic headed up Virgin Records in the US between 2002 and 2005
News Firebird signs physical sales and distro deal with Proper Distribution The agreement will see Proper offer its services to Firebird's network of labels, artist management companies and other creative businesses
News Universal Music Publishing inks exclusive worldwide deal with China’s Cheerful Music Cheerful Music's catalog includes hits like YI XIAO JIANG HU (KE MU SAN), which has amassed more than 50bn views on Douyin