Analysis News Reservoir upgrades financial guidance after reporting 6% jump in revenues to $40.7m in calendar Q3 Company has raised its revenue and EBITDA forecasts for the fiscal year
News Tega Oghenejobo promoted to President and Chief Operating Officer of Nigeria’s Mavin Global Universal Music Group acquired a majority stake in the Lagos, Nigeria-based music company in February
News Universal’s Virgin Music Group acquires Outdustry, expanding its presence in China and India Universal's global indie artist and label services division acquires Outdustry to focus on expansion into 'high potential markets'
News Daniel Lang elevated to SVP, Global Society Relations and Digital Rights at Warner Chappell Music The appointment expands Lang's responsibilities to include oversight of US collection societies
News Court dismisses former ADOR CEO Min Hee-jin’s reinstatement bid amid HYBE leaked documents controversy Reacting to the court's decision, K-pop giant HYBE has praised the "wise ruling"
News Sophia Hong appointed Managing Director of Warner Chappell Music Korea Exec will be based in Seoul and will report to Arica Ng, President of Warner Chappell Music APAC
News Chris Brown and Drake sued for at least $5m over alleged copyright infringement on ‘No Guidance’ 'No Guidance' has been streamed more than 1 billion times on Spotify, and viewed more than 480 million times on YouTube
Analysis News HYBE’s CEO just issued an apology to K-Pop artists, fans and rival labels amid a torrent of controversies from leaked internal documents. What’s going on? Disparaging comments about certain K-pop stars have angered fans, while other revelations have piqued the interest of regulators
News Megan Thee Stallion joins Weverse, as HYBE revamps superfan platform to include ‘advanced translation features’ for artist posts Megan Thee Stallion becomes the latest superstar to join the platform
News Duetti secures fresh $114m to buy indie artist catalogs, including $80m raised through firm’s first asset-backed securitization transaction Company, which officially launched in May 2023, says it has raised $235 million so far
News DistroKid to lay off 37 union workers DistroKid estimates that it distributes 30-40% of all new music in the world
News CVC joins KKR in acquiring live events firm Superstruct The news follows KKR's announcement in June that it would be acquiring Superstruct in a deal reported to be worth $1.4 billion
News Oasis to cancel 50,000 resale tickets amid tour scalping crackdown The tour’s ticketing policy only allows purchases made through Ticketmaster or an authorized resale partner
News The Hipgnosis Songs Fund catalog has just been valued at $2.36bn… around $150m more than HSF’s enterprise value when Blackstone acquired it Blackstone raises nearly $1.5 billion in debt financing via new ABS, based on substantial valuation for Hipgnosis Songs Fund assets
News Concord closes $850m Asset-Backed Securities transaction to ‘fuel strategic growth and acquisitions’ Transaction was led by Apollo
News Universal Music enters into strategic partnership with AI music startup KLAY Klay says it's building 'a new Large Music Model (KLayMM) that will significantly advance state-of-the-art music AI'
News PPL steps up to sponsor Administrator of the Year category at Music Business UK Awards The UK's music licensing company joins growing band of big-name sponsors backing industry’s most enjoyable night out
News Atticus Shelley appointed VP of Finance at TuneCore Shelley played a key role at Spotify during the streamer's rapid growth ahead of its NYSE listing