Analysis Warner Music Group just bucked the trend of streaming revenue growth slowdowns. How? Robert Kyncl explains why Warner was able to post double-digit streaming growth during a tricky time for the market
News Emily Dashiell, Jeff Gunkel, Carlos Monnaco promoted to SVP roles at Capitol Christian Music Group The three veterans of Capitol CMG see a bright future for Christian and Gospel music
News SM Entertainment reports $185m in Q2 sales, driven by near-doubling of concert revenue However, the company's bottom line was dragged down by weak performances at subsidiary businesses
News Kakao founder Kim Beom-su indicted on stock price manipulation charges Numerous Kakao executives have now been indicted in relation to the telecom company's takeover of SM Entertainment last year
News British startup sues Spotify for alleged patent infringement over ‘Remote Group Session’ and ‘Jam’ features Bluejay Technologies says it shared info with Spotify on its system for collaborative streaming playlists before Spotify launched something similar
News Sony unfazed by streaming music revenue growth slowdown in calendar Q2 Sony says it's now expecting the music market to grow at mid-to-high-single-digit rates
News Alix Kram appointed Head of Marketing at Universal Music Publishing Group in new global role Kram is a former Netflix and Warner Music Group exec
News Música Mexicana superstar Peso Pluma’s Double P Records strikes global deal with Downtown Music Publishing The deal will also include administration for Peso Pluma’s own publishing interests
News Sentric inks admin deal and forms JV with Cooking Vinyl Publishing Joint venture will cover new signings, creative projects and more
Analysis News Warner Music Group generated $1.55bn in calendar Q2; subscription streaming revenues rose 13.7% YoY Warner Music Group has published its financial results for the three months ended June 30, 2024 (calendar Q2 – the company’s fiscal Q3)
News Julie Greenwald to exit Atlantic Music Group in January News arrives days after Warner Music Group announced a major leadership shakeup in its recorded music operation
News HYBE generated record quarterly revenue of $465m in calendar Q2 South Korea-headquartered entertainment giant HYBE has published its financial results for Q2 2024
Analysis News Sony generated $2.54bn from recorded music and publishing in calendar Q2, up 11.4% YoY; recorded music streaming revenues up 5.0% YoY Recorded music up 10.8% YoY; music publishing up 13.3% YoY
Analysis News On… the delicate power balance between Spotify and Universal Music Group (and why UMG might end up turning the screw on Spotify’s free tier). It's a complicated relationship – in which both parties need each other.
News The MLC partners with Beatdapp for streaming fraud detection services Beatdapp announced a $17m funding round in January
News Believe fully acquires Doğan Music Company, claimed to be Turkey’s largest independent label, after buying remaining 40% stake for $42m Believe struck an initial deal with DMC in 2020 to acquire a 60% stake in the label
News Universal Music strikes strategic agreement with AI startup ProRata, which just raised $25m for a chatbot and tech to attribute and compensate content owners ProRata.ai has invented tech that it claims enables gen AI platforms to accurately attribute and share revenues on a per-use basis with content owners
Interviews ‘If I’m not impacting other people’s lives, in whatever way, then I’m not doing it right.’ MBW's partnership with the ground-breaking Did Ya Know? podcast returns with Adrian Sykes talking to artist turned songwriter turned exec/campaigner Michelle Escoffery