Analysis News Taylor Swift’s music is streamed more in the US than the entire Jazz and Classical genres Swift claimed an audio stream market share of 1.28%; her market share including record sales was even bigger, at 1.79%
News AI music tech startup Bronze raises $1.3m from Disclosure, Method Music, September Management and more London-based audio technology start-up Bronze has closed a $1.3 million pre-seed round
News Michael Stebler named CEO of Utopia Music, just three months after Alain Couttolenc assumed role The latest changes in Utopia's C-suite follow several years of volatility, including layoffs, unexpected departures and divestments
News Beatport’s founding members launch ambient record label Sacred Society Music Group The label has introduced a collection of over 55 tracks and more than six hours of immersive content
News The Weeknd’s ‘Blinding Lights’ becomes first song to cross 4 billion Spotify streams The track has also topped Chubby Checker’s The Twist as the No. 1 Billboard Hot 100 hit of all time
News Web3 and ‘superfan’ platform Tune.FM raises $20m from LDA Capital Tune.fm promises artists larger streaming income through blockchain micropayments and an NFT marketplace
Analysis News From 45m unplayed tracks on streaming services to SoundCloud’s potential sale… it’s MBW’s Weekly Round-Up The five biggest stories to hit our headlines over the past seven days...
Interviews Meet Sung Soo Han, the music executive behind K-Pop stars SEVENTEEN, and founder of HYBE-owned PLEDIS Entertainment Sung Soo Han founded SEVENTEEN’s label, developed the group, and oversees all creative processes for the HYBE-owned label’s roster.
News Universal Music to cut ‘hundreds’ of jobs in Q1, with majority of layoffs in recorded music division (report) Bloomberg reports that UMG’s recorded music division ‘will be hit the hardest’
News Mahogany signs partnership with Believe as it prepares to launch distro service for DIY artists Mahogany says it plans to launch distro service Mahogany Songs within the next few months
News Phil Bauer named President of DistroKid – company founder Philip Kaplan transitions from CEO to Chairman DistroKid claims to be the world’s largest distributor of independent music, and estimates that it distributes 30-40% of all new music in the world
News Sylvia Coleman steps down as Non-Exec Director of Hipgnosis Songs Fund Coleman was appointed as a non-executive director in November 2019
News Akhila Shankar appointed Head of TuneCore, South Asia Shankar will be responsible for growing and managing the company's artist roster in the South Asian region
News TikTok parent to shut down music streaming service Resso in India "Unfortunately, owing to local market conditions, we can no longer continue to serve users of Resso in India."
News Matt Gralen promoted to President at Beatport; Helen Sartory upped to Chief Revenue Officer The Beatport Group is seeing soaring revenue, having launched or acquired eleven new products since 2019
News Arista appoints Sharon Timure as Head of Marketing and Kelsey Hession as Publicity Lead Timure and Hession will both be based in New York, reporting directly to President and CEO David Massey
News Darius Van Arman reappointed Merlin Chairperson as indie label agency elects new Board Merlin’s newly elected Board hails from 12 countries across Africa, Asia, Europe, Latin America, North America, and Oceania
Analysis News 158 million tracks had 1,000 plays or fewer on music streaming services last year. 45 million had no plays at all. The number of tracks with no plays on audio streaming platforms jumped by 7.7 million over the past year, according to a new Luminate report