News ‘KPop Demon Hunters’ sing-along re-release tops US cinema, with up to $20M in box office sales The film outpaced Warner Bros.’ horror film "Weapons," which was reportedly expected to claim the weekend title with $15.6 million.
News The Weeknd seeks $1B in music-backed financing (Report) Lyric Capital is reportedly leading the talks, with The Weeknd already reaching out to other investors to assemble the financing package of up to $1 billion.
News Triller receives Nasdaq delinquency notice – then an extension – after missing financial filing deadlines The TikTok rival has until October 13 to file its annual report for 2024 and its quarterly reports for the periods ending March 31 and June 30.
News Judge agrees to seal redacted Kendrick Lamar contract in UMG legal battle with Drake (update) However, the judge ruled that the document will have to remain sealed from the public.
News From Spotify’s publishing licensing expansion to Slipknot’s potential $120m catalog sale… it’s MBW’s weekly round-up The biggest news from the past few days – all in one place...
News Bandsintown inks YouTube deal to become platform’s exclusive provider of concert listings Integration will soon expand to YouTube's homepage – and to YouTube Music later this year
News Apple TV+ hikes subscription price by 30%… making it more expensive than Apple Music once again Apple's streaming TV service now costs $2 more per month in the US than its music streaming service
News Avex Music Group and Runner Music extend publishing deal with Grant Boutin Deal reinforces Avex’s strategy to develop global talent and its position as an international music company with offices in Tokyo and Los Angeles
News Virgin Music Group inks global partnership deal with Michael Goldstone and Thaddeus Rudd’s Mom+Pop Mom+Pop is fully owned by founder Michael Goldstone and co-owner Thaddeus Rudd.
News Spotify expands music publishing licensing push with new Amra deal Deal follows the streaming giant's similar agreement with Kobalt last week as it seeks to replace the audiobook 'bundling' payment structure
News HYBE label ADOR names second new CEO in a year, following Min Hee-Jin fallout The new HYBE CEO, Lee Do-kyong, previously served as head of HYBE’s IPX division, which manages merchandise, immersive spaces and global licensing.
News Spotify reverses course on Turkey exit, plans Istanbul office by 2026, government minister says Spotify executives met with Turkish officials and agreed to further deepen collaborations.
News Fraser T. Smith to receive President’s Award at BMI London Awards next month Smith has produced hits for artists including Adele, Craig David, Florence and the Machine, Gorillaz, Sam Smith and more
News Confirmed: BMI royalty rate from terrestrial US radio is rising by nearly 24% Radio stations will go from paying 1.78% of gross revenue for BMI's music in 2021 to 2.20% in 2026
Analysis News IFPI CEO Victoria Oakley urges action to accelerate India’s music streaming revenues – amid subscription growth challenges Oakley warned that India's music industry must tackle significant challenges to secure its future, despite its 'extraordinary potential'
News AI creating ‘potentially new’ music genres as artists take control, says Stability AI study The pushback to AI echoes previous technological changes that were resisted when they changed music, researchers at Stability AI say
News White House joins TikTok… as platform’s US divest-or-ban deadline looms The account, which has so far attracted more than 60,500 followers, debuted with clips of Trump addressing supporters.
News Korea’s CJ ENM and Japan’s Hakuhodo team up to develop music IPs for global markets The venture's first project is Unpretty Rapstar: HIP POP Princess, a Korea-Japan survival competition slated to premiere in October.