News Spotify asks court to dismiss MLC lawsuit over cutting pay rate to songwriters via premium bundles In a new court filing, Spotify calls much of The MLC's case against it "irrelevant" to the legal dispute at hand
News Turntable Labs raises $8.2m to launch social music streaming platform Hangout The latest financial boost comes as the company prepares to publicly launch Hangout later this year
Analysis News Paid streaming subscriptions grew just 2.7% YoY in the US in H1 2024 – but overall market revenue topped $8.6bn The RIAA has published its new midyear report for the United States
News ‘Operation Redirect’: Brazil cracks down on music piracy sites spreading malware IFPI and Pro-Música Brasil collaborated with law enforcement to take down 12 piracy sites that were also spreading malware
News AEG and Onex complete sale of ASM Global to live events company Legends The merger creates what Legends describes as “the world’s preeminent premium live events company"
News Bill Ackman unworried by Universal Music Group subscription revenue blip Wall Street analysts were disappointed that UMG's subscription streaming revenues 'only' grew 6.9% YoY in the quarter
News Beggars Group is now a £100m+ annual revenue company Nevertheless, the record company has seen its operating profit slide amid rising costs
News ‘Premium experience platform’ Seat Unique raises $19m in extended funding round Seat Unique is currently offering VIP tickets and hospitality packages for Billie Eilish, Taylor Swift, and the recently reunited Oasis
News The Other Songs partners with Universal Music Publishing Group; signs global deal with British singer/songwriter Bruno Major Bruno Major named as the 'first marquee signing' via the new arrangement with UMPG
News Instagram Notes may soon showcase your Spotify listening activity via new Meta partnership (Report) It's unknown if the feature spotted by a reverse engineer will ever be made public
News Dr. Kenji Kitatani appointed Chairman of Warner Music Japan Kitatani has a long and distinguished career in entertainment, media and academia
News BMG revenues hit $496m in H1 2024, up 12.5% YoY on organic basis Thomas Coesfeld's changes to BMG had a clear effect on company's profit profile in H1 2024 period
News Italy’s paid music streaming subscription revenues jump 23% as local acts completely dominate charts With Italy lagging Western countries in paid music subscribers, strong growth is expected to continue
News XL Recordings posted a $12.8m profit last year… despite only releasing 8 new albums XL's small but heavy-hitting catalog has made it an impressively profitable record company
News Ticketing startup TickPick secures $250M investment in ‘largest fundraise’ in industry to date TickPick says its all-in, no-fee pricing model has saved over $180 million in service fees alone on its platform since its inception
News Saregama, India’s oldest label, completes $45M acquisition of Pocket Aces Saregama says acquiring Pocket Aces is its avenue into expanding into short-form content
News South Korea’s FTC targets subscription practices of streaming giants including Spotify South Korean law requires streaming services to refund the unused portion of a subscription fee that is cancelled mid-billing cycle
News HYBE-owned label ADOR replaces CEO Min Hee-jin amid legal dispute HYBE suspects Min Hee-jin of attempting to seize control of subsidiary label ADOR.