News Tencent Music generated $1.32B in Q2, up 5.8% YoY – driven by concert growth and the integration of Ximalaya Overall revenues were driven by an 11% YoY rise in the company's music-related services division
News Jon Glass appointed General Counsel at Merlin Glass will lead its Business & Legal Affairs function and take on responsibility for its Partnerships team.
News UnitedMasters strengthens executive team with four appointments across marketing, brand, commerce and operations The new hires include former Warner Records executive Todd L. Perry II, alongside Goldie Harris, Luca Zanello and Jason Peerless.
News Apple asks court to rule its products don’t infringe Boomcloud 360’s spatial audio patents Apple Music rolled out Spatial Audio with support for Dolby Atmos in June 2021
News Live Nation’s Merch Traffic sues online sellers over counterfeit Nirvana, Bruno Mars merch The suit brings two counts under the Lanham Act: trademark infringement and counterfeiting, and false designation of origin.
News Universal Music Group kicks off additional €250M share buyback program UMG completed the first €500 million program, its first-ever share repurchase, in July
News Suno brings its voice clone tool to iOS and Android, opens a limited version to free users Voices lets a user record or upload audio of themselves singing, which Suno then uses to generate new songs in that person's voice.
News Veeps lays off staff at BrooklynVegan, Revolver and other music publications (report) Veeps is the ticketed livestream service in which Live Nation owns a majority stake.
News Judge tosses shoe retailer DSW’s preemptive copyright suit against Sony Music A federal judge dismissed the part of DSW's declaratory judgment lawsuit that targeted Sony Music Entertainment and Sony Music Publishing.
News Live Nation acquires majority stake in three Prague venues as it expands across Central and Eastern Europe The agreement, struck with Czech investment group PPF, also covers the 5,000-capacity O2 Universum and the 4,000-capacity Forum Karlín.
News From Suno’s vinyl move to Spotify’s ‘fan-made’ Merlin deal… it’s MBW’s Weekly Round-up The biggest headlines from the past few days...
Analysis News SM Entertainment revenues rose 15.4% YoY to $233M in Q2, driven by concerts and merch K-pop company's latest quarterly report was published on Wednesday, August 5
News J-pop powerhouse ASOBISYSTEM opens first US headquarters in California ASOBISYSTEM calls the launch its biggest spending yet in North America, and a permanent base for J-pop acts it has been sending on tour across the US.
News Warner Music expects AI music deals to boost subscription streaming revenue from late 2026 Robert Kyncl said WMG expected its "licensing deals to contribute materially to our subscription streaming revenue growth starting in fiscal '27."
News Sony Music Group and Universal Music Group take legal action against ‘parasitic’ streaming app Musi in Canada The action is coordinated by IFPI, which represents the recorded music industry worldwide