News Small events platform Posh raises $22M in Series A round The platform focused on intimate gatherings has raised $31 million so far, according to news reports
News Mushroom CEO signals ‘new era’ for Australia-headquartered indie powerhouse, as company consolidates recording, publishing and neighbouring rights divisions New Mushroom Music will be spearheaded by co-CEOs Chris Maund and Linda Bosidis
News Audiomack launches ‘Sponsored Songs’ for artists as alternative to streaming fraud "You can buy a billion streams and make it look like you’ve made it, but what does that number mean if you can't... build a genuine fanbase?”
News Steven Gringer elevated to Senior Vice President of A&R at PULSE Music Group Gringer has worked with the likes of Gabe Simon, Angel Lopez and Manuel Lara
News Apple Music launches Apple Classical Top 100 global chart Apple's one-year-old app for classical music has been a "huge hit" with fans of the genre
Analysis News Universal Music generated $3.15bn in Q2 – driven by top sellers Taylor Swift, Billie Eilish, SEVENTEEN and more Universal Music Group has published its financial results for the three months to the end of June
News YouTube ad revenues jump 13% to $8.7B in Q2, but fall short of analysts’ expectations The video streamer's advertising earnings miss sent Alphabet shares down on Wednesday
News Influence Media launches frontline label, SLANG, led by Partner and founding Advisor, Rene McLean SLANG’s roster includes superstars Will Smith and 30 Roc
News India’s Tips Music clocked 40% revenue growth in calendar Q2 The company's massive increase in revenue and profit comes amid an ongoing boom in India's music business
News Bob Bruderman promoted to Chief Digital Officer at Kobalt Having joined the company in 2013, Bruderman most recently served as Kobalt's EVP, Global Digital Business
News HYBE CEO Jiwon Park resigns; Chief Strategy Officer Jason Jaesang Lee named as new Chief Exec at K-Pop giant Jiwon Park, who has served as HYBE's CEO for the past three years, has stepped down from his role at the company.
News Submix raises $1m in funding, launches remote music collab platform globally The platform promises to "unearth more opportunities for anyone currently or looking to work in professional audio"
News Ticketmaster acquires self-service ticketing platform Quicket, bolstering presence in Africa South Africa's Quicket has built a self-service ticketing platform serving Nigeria, Uganda, Kenya, and beyond
Analysis Daniel Ek talks new Spotify ‘deluxe’ tier, the company’s relationship with the music business and more on Q2 earnings call Spotify's Daniel Ek says his business aims to improve the wellbeing of the entire music industry
News US court orders Utopia Music to pay $1.9M to former owners of Lyric Financial The financially troubled music company had failed to make the final payment on its acquisition of Lyric Financial
News AccuRadio CEO responds to SoundExchange lawsuit, claims to have paid $12.5m+ in royalties to date SoundExchange filed a lawsuit against US-based internet radio service AccuRadio to recover unpaid royalties
Analysis News Germany’s recorded music business generated $1.2bn in the first half of 2024, up 7.6% YoY Germany-based music industry association BVMI has published the market's H1 numbers
News Warner Chappell Music inks publishing deal with Salaam Remi’s Analog Metaverse Collaboration will see WCM jointly administer the majority of Analog Metaverse’s music catalog