Warner Music Group In The News

Phonorecords IV: Music publishers react to US streaming royalty rate rise

The headline royalty rate will be set at 15.35% for the years 2023-2027

Warner Chappell Music strikes licensing deal with short-form video platform (and TikTok rival) Kuaishou

App reports to reach more than 180m monthly active users outside of China

Half of APAC listeners use social media for music discovery, a win for TikTok and its music-streaming foray

APAC music discovery stats revealed in new report from US market monitor Luminate

Concord is at the bidding table for Pink Floyd’s catalog bundle (which doesn’t include music publishing rights)

US-based company is back on the acquisition trail after buying Native Tongue and HitCo

Katie Robinson and Adam Ruehmer promoted within Elektra Entertainment marketing department

Based in Los Angeles, Robinson and Ruehmer will both report to Elektra Co-Presidents Mike Easterlin and Gregg Nadel.

Robert Kyncl is leaving YouTube. Expect the ‘is THIS the new CEO of Warner Music Group?’ rumor mill to gather pace.

Kyncl was once very close to music business dealings as Chief Business Officer at the platform

The US music publishing industry generated $4.7bn last year – but the record industry grew twice as fast

The music publishing industry grew annual revenues by around $700m in the States last year; the record industry jumped up by $1.8 billion

Ben Katovsky joins Hipgnosis Song Management as President and COO

News comes as Hipgnosis reportedly joins race to acquire Pink Floyd's back catalog