News FKP Scorpio acquires Nordic Exhibitions & Events as it expands focus to exhibitions The newly branded FKP Scorpio Entertainment will focus on exhibitions, family entertainment, comedy, spoken word, and special events
News Tencent Music’s subscription revenues surge 39% to $500M in Q1 as paying subs hit 113.5M The music streaming service saw growth in both paid subscribers and average revenue per user
Analysis News The train has left the station: AI music platform Udio is already spitting out 10 songs a SECOND You might remember Udio: That’s the US-headquartered company co-created by ex-employees of Google’s DeepMind AI division
News ZYNC Music Group files lawsuit against Round Hill Music over alleged breaches of JV agreement Round Hill acquired a stake in ZYNC Music in a multi-faceted agreement back in 2017
Analysis News With another CEO set to exit, more layoffs and shuttered offices, what’s going on at Proper, the company formerly known as Utopia Music? Proper Group says it's poised for growth and expansion, but less than a month ago, it was asking shareholders for a cash infusion
News ASCAP CEO thanks Universal, Jody Gerson for ‘hard fight’ to improve songwriters’ pay from TikTok licensing deal Elizabeth Matthews applauds UMG's stance in its dispute with ByteDance's platform
News Sarah Ismail appointed Managing Director of ADA Asia Exec will continue her responsibilities on an interim term as Managing Director of Warner Music Philippines
News NetEase Cloud Music strikes licensing deal with South Korea’s Kakao Entertainment in latest move to expand K-pop library NetEase has already signed licensing deals with K-pop companies like JYP
News TikTok to start automatically labeling AI-generated content The video-sharing platform is partnering with a number of organizations to raise awareness of the pitfalls of AI-generated content
News Belinda Shaw named CFO at Australian ticketing firm TEG Shaw brings more than 25 years of experience in senior leadership roles across a variety of industries
Analysis News From Downtown’s $500m credit agreement to Concord’s Hipgnosis bidding war exit… it’s MBW’s Weekly Round-Up The five biggest stories to hit our headlines over the past seven days…
News Confirmed: Better Noise Music sold 50% of its catalog for ‘around $100 million’ in 2022, is now reinvesting into expansion Dan Waite and Steve Kline confirm deal was reached two years ago, as hard rock label eyes bigger ambitions
News Pete Ganbarg launches Pure Tone Records JV with Atlantic Records The first artist signed to Pure Tone is Canadian singer/songwriter Forest Blakk
Analysis News Robert Kyncl talks Believe, M&A, India, superfans and more on WMG’s latest earnings call WMG says it's the only one of the major to grow market share in India and Sub-Saharan Africa last year
News Avex USA makes strategic investment in Brandon Silverstein’s S10 Entertainment Avex USA is the US division of Tokyo-headquartered entertainment giant Avex