Instagram In The News

Warner Music joins UMG in inking revenue-sharing deal with Facebook / Meta

Deal was confirmed by Warner Music CEO Steve Cooper during an earnings call

BMG buys Germany’s largest independent label, doubling its recorded music revenues in territory

BMG says that deal 'redraws the map of the German music industry'

Sir Lucian Grainge on Universal’s new deal with Meta – and his belief that investment banks don’t ‘have the skill-sets or ability to exploit music rights’

Grainge was joined by Michael Nash and Boyd Muir on a call with analysts last week

From Meta losing Kobalt’s catalog to Universal’s $2.7bn in Q2… It’s MBW’s Weekly Round-Up

The biggest stories from the past week - and why they matter

Lyrics platform Musixmatch secures strategic investment from TPG Growth

Founded in 2010, Musixmatch claims to have assembled the world’s largest lyrics catalog

Facebook will now directly share a proportion of ad revenue with music rightsholders for UGC videos. Your move, TikTok…

A big move from Mark Zuckerberg's company, as it lays down gauntlet to TikTok

Kobalt is pulling its 700,000 songs off Facebook and Instagram. Is the music biz headed for a historic bust-up with Meta?

News comes just days after Epidemic Sound launched a $142m lawsuit against Meta for alleged infringement

From Epidemic Sound suing Meta/Facebook to new music ‘shrinking’… It’s MBW’s Weekly Round-Up

The biggest stories from the past week - and why they matter