News HYBE’s revenue dropped 12% YoY in Q1; Weverse platform saw user decline amid ongoing BTS drought Although it’s common for HYBE’s earnings to decline in the winter months of Q1, the size of this drop surprised analysts
News SoundCloud launches ‘fan-powered’ Buzzing Playlists to spotlight up-and-coming artists The streaming service aims to address the "zero-plays problem" caused by a massive influx of new music
News John Lennon’s ‘Mind Games’ gets meditative remixes through Lumenate partnership Lumenate aims to make psychedelic therapy accessible to everyone through a smartphone app
News Sir Lucian Grainge confirms ‘greater compensation’ is coming from TikTok for UMG artists and songwriters MBW obtains memo from Sir Lucian Grainge to his employees, detailing new agreement with TikTok
Analysis News Universal Music and TikTok strike new licensing deal – including ‘improved remuneration’ for UMG artists and songwriters The announcement brings to an end a long-running licensing dispute between the two companies.
News Artists have earned $123m via Bandcamp Fridays since 2020 and fans have paid artists and their labels $1.3bn via the platform to date The direct to fan platform celebrates its 40th Bandcamp Friday on May 3
News The NMPA’s TikTok deal has officially ended. What does that mean for independent publishers in the US? “Music is essential to TikTok. As we have said, we are not engaging in an extension of our deal," said NMPA President & CEO David Israelite
News UK lawmakers call for AI legislation to protect artists from deepfakes, copyright infringement "Our central insight must always be that AI can be a great servant but would be a terrible master"
Analysis News Anghami’s paid subscribers jumped 18% in Q1 2024, after a 2023 of revenue ‘headwinds’ The MENA-focused streaming service expects a revenue boost following its merger with TV and film streamer OSN+
Interviews ‘The TikTok era is over. Artists aren’t being signed based on one thing going viral anymore.’ MBW's Inspiring Women series meets Michele Harrison, founder of management company, MPH Collective
News Will Hunt promoted to Vice President of A&R at AWAL Exec joined AWAL from Columbia Records in 2018
News Primary Wave partners with Endel to create sleep and focus soundscapes from artists Endel boasts partnerships with the likes of Universal Music Group, Spinnin' Records, AWAL and Future Classic
News Tracklib launches ‘Sounds,’ a royalty-free sampling feature The company boasts a library of more than 100,000 songs from 400 labels and publishers
News Reservoir Media plans $100M offering to fund acquisitions, debt repayment The move signals Reservoir's ambition to fuel further growth through acquisitions while reducing its debt
Analysis News Warner Music Group boss Robert Kyncl backs US Senate bill to crack down on AI deepfakes Kyncl to give testimony to a subcommittee of the Senate Judiciary Commitee on Tuesday (April 30)
Interviews ‘There are so many people who make beats but don’t know how to produce.’ T-Minus talks about his work with J Cole, Drake, Lil Wayne and more, as well as what makes a great producer in 2024 and what he would change about the modern music industry
Analysis News India’s Tips Industries generated $7.6m in calendar Q1, up 22% YoY India-headquartered music and entertainment company Tips has published its financial results for calendar Q1
News FKA Twigs voices support for NO FAKES Act in prepared remarks ahead of Senate hearing; says that she’s developed an AI version of herself that can ‘speak many languages’ Artist to give testimony on Tuesday (April 30) in front of a US Senate subcommittee looking into a proposed new bill to regulate AI deepfakes