Believe In The News

Believe blasts into publishing, buying $51m-valued Sentric

Believe is acquiring full ownership of Sentric, which was held by Utopia since February 2022

BMG annual revenues jumped 30.6% to over $900m in 2022, as it spent $400m on catalog acquisitions

Annual EBITDA expands to top $200 million at Bertelsmann-owned music company

Believe has cash ‘firepower’ for acquisitions in 2023. What’s it going to buy?

Company published its full-year financial results on March 15

$100m-backed rights company AMR Songs launches, acquires interest in catalog of The Lovin’ Spoonful’s John Sebastian

Sources tell MBW that AMR Songs has raised USD $100m in backing from institutional investors

From Believe’s $800m in annual revenues to HYBE ending its SM Entertainment takeover bid… it’s MBW’s Weekly Round-Up

The biggest stories on MBW from the past seven days

Believe generated $800m in annual revenues in 2022, up 31.8% YoY

Company's full-year financial results were published on Wednesday, March 15

Manan Vohra upped to Chief Technology Officer at Downtown, alongside series of exec promotions

Manan Vohra promoted to Chief Technology Officer role, Harmen Hemminga named VP of Product and Services Strategy, Gareth Mellor now VP, Global Marketing and Communications for Downtown Music Holdings

Jack Melhuish upped to GM at Warner’s Parlophone Records, as part of series of promotions and hires

Warner Music Group's UK-based Parlophone Records has made a number of key promotions and hires