Analysis News Universal Music revenues hit $3bn in Q3, driven by sales from superstars like Olivia Rodrigo and Taylor Swift Universal Music Group has published its financial results for Q3 2023
News PRS for Music’s latest quarterly distribution was $288.7m, its ‘largest single royalty payment’ to date The figure represents a 13% jump compared to last year’s October distribution
News YouTube Music introduces customized AI-generated playlist art Platform unveils experimental feature that lets users create personalized playlist art using artificial intelligence
News Brazilian authorities take down illegal file-sharing site FileWarez in win for record companies At its peak, the platform boasted over 118,000 registered users
Analysis News Global songwriter royalty collections hit $11.35bn in 2022 – with Latin America revenues up 64.9% YoY Publisher and songwriter royalties collected globally grew 28% YoY in 2022
News Daniel Ek just banked $64M selling Spotify shares – three months after he banked $100M doing the same thing Ek offloads 400,000 shares the day after his company's latest quarterly earnings in the US
News Paul Burger and Andrew Wilkinson resign as Hipgnosis Songs Fund non-exec directors ahead of tomorrow’s continuation vote The comes in the same month that HSF confirmed the Chairman of its current board, Andrew Sutch, will step down from his role
Analysis Spotify is embracing elements of Universal Music Group’s ‘artist-centric’ royalties model – following a new multi-year licensing deal between UMG and Daniel Ek’s platform Spotify's plans fit with the broad hopes of Sir Lucian Grainge's wishes as outlined at the start of 2023
News Pat Benatar and Neil Giraldo sell ‘select’ recorded music and publishing assets to HarbourView They have sold over 30 million records worldwide
News Spotify’s price hike didn’t hurt subscriptions, and 3 other things we learned on its latest earnings call MBW listened in to SPOT's Q3 earnings call. Here's what we learned...
News Grimes and CreateSafe partner with Slip.stream to make 200+ GrimesAI songs available to content creators Partnership will allow creators to incorporate GrimesAI songs in their videos, podcasts and livestreams
News HarbourView acquires Christine McVie’s share of Fleetwood Mac recorded music royalties 'Christine is a decorated and iconic legend in the history of rock ‘n’ Roll. She is a global treasure,' said HarbourView's Sherrese Clarke Soares
News Peermusic acquires Arctic Rights Management – one of the largest independent music publishers in Norway Arctic Rights Management's catalog features over 5,000 recordings and compositions
News TikTok expands into live music, with first ‘TikTok In The Mix’ concert to be headlined by Cardi B, Niall Horan, Anitta, and Charlie Puth Event is scheduled for Sunday, December 10, 2023, at Sloan Park in Mesa, Arizona.
News Transgressive Publishing and Warner Chappell UK extend joint venture News arrives as Foals sign a new deal with Transgressive for their catalog, side projects and future recordings
News Spotify is changing its royalty model to crush streaming fraud and introduce a minimum payment threshold. Its plan? To shift $1 billion in payouts towards ‘working artists’ over the next 5 years. Exclusive: Music Business Worldwide has learned of Spotify's plan to introduce a number of new measures in Q1 2024 – and shift $1 billion away from bad actors
Analysis News Believe generated $234m in Q3, up 9.1% YoY Paris-headquartered music company Believe has published its financial results for Q3 2023
Interviews ‘We operate at the intersection between creativity and culture for our artists.’ Warner Music's Bob Workman on brand partnerships, and working on high-profile campaigns for superstars like Ed Sheeran…