Analysis News There are now 120,000 new tracks hitting music streaming services each day A total of 10.08 million new songs uploaded to the likes of Spotify, YouTube Music and other music streaming services in the first three months of the year alone
News Tina Turner, legendary singer, passes away, aged 83 "With her, the world loses a music legend and a role model."
News Kilometre Music Group acquires catalog of Grammy Award-winning songwriter Tourist, secures $50m credit facility with Pinnacle Financial William Phillips (pka Tourist) co-wrote Sam Smith’s Grammy-winning hit 'Stay With Me'
News Having raised $80m to date, creator agency Talenthouse alerts investors to ‘critical financial situation’ Talenthouse trades on the SIX Swiss stock exchange
News UK-based AI music firm DAACI buys two music tech startups to develop ‘the ultimate creative AI ecosystem’ Company has acquired music technology startups MXX and WiSL
News HYBE inks music distribution deal with Tencent Music Entertainment Deal will see music from HYBE artists including Seventeen and Tomorrow x Together made available on QQ Music, Kugou and Kuwo
News CD Baby ends distribution of vinyl and CDs to focus on streaming CD Baby to close warehouse and end physical distribution service
News Generative AI-powered music startup boombox.io raises $7m Startup's app leverages generative AI to 'enrich and extend a musician's creative process'
Interviews ‘Japanese acts account for nearly 90% of all tickets sold for live music events in Japan.’ MBW's World Leaders series interviews Kaori Hayashi, CEO of Japan-headquartered concert promoter HIP (Hayashi International Promotions)
News SoundCloud, chasing profitability, cuts another 8% of employee headcount The news was confirmed today (May 23) in an internal memo to staff from SoundCloud CEO, Eliah Seton, obtained by MBW
News Warner CFO Eric Levin: music streaming business is ready for recurring price increases Exec discussed streaming prices during a Q&A session at JPMorgan’s Global Technology, Media and Communications Conference on May 22
News Universal partners with generative AI startup Endel to create ‘AI-powered, artist-driven functional music’ Companies will use Endel’s proprietary AI technology to let UMG artists "reimagine" their music and create "science-backed soundscapes"
News BandLab raises another $25m, valuing music creation company at $425m Series B1 was led by existing investor Cercano Management
News Ernst Trapp steps down as CEO of Warner’s EMP Merchandising and President of E-Commerce at WMG Trapp steered EMP through its $180m acquisition by Warner Music Group
News ‘Taylor Swift bill’ proposed in Massachusetts to ban dynamic ticket pricing Massachusetts lawmakers propose new legislation
News TikTok sues Montana for alleged violation of First Amendment rights over app ban Montana ban "unconstitutional," says TikTok
News Donna Vergier named VP, International Marketing at Chrysalis Records/Blue Raincoat Music Exec previously held international marketing positions at Mute, Domino Recordings and Good Soldier Records