News Tencent Music Entertainment had 94.4m paying music users at the end of Q1, up 17.7% YoY Tencent Music Entertainment Group has published its financial results for Q1 2023 (the three months to end of March)
Interviews ‘Technology is a fantastic thing but there’s nothing like human curation.’ MBW’s Inspiring Women series interviews Moon Projects founder Mary Rahmani
News Audiomack’s ‘Creator App’ reaches 1m installations Platform launched its Creator App in February 2022
News Luminate launches redesigned streaming, sales data platform New platform include a revamped user interface
News EU approves Microsoft’s $69bn takeover of Activision Blizzard Deal clears major hurdle after the UK blocked the deal less than a month ago
Analysis News Utopia to build new music warehouse in the UK in $125m deal with logistics company DP World DP World is fitting out a new warehouse in Bicester in the UK for Utopia's distribution unit, Utopia Distribution Services
Analysis Blog TikTok isn’t where ‘stars get started’. Stars start themselves. Music Venue Trust CEO Mark Davyd on the claims made about artist development by digital platforms, and the reality
News HYBE just released a K-pop track sung in six different languages using AI voice technology HYBE releases 'first-ever multilingual track produced in Korean, English, Japanese, Chinese, Spanish and Vietnamese'
Analysis News The 3 major music companies are now jointly generating approximately $2.9m per hour With $6.2 billion in revenue secured in Q1, can the majors now go on to jointly top $25 billion in annual revenue in 2023?
News Payments automation platform Tipalti raises $150m from JPMorgan and Hercules Capital Company has also appointed three new C-suite executives
News Jennifer Cabalquinto named Chief Financial Officer at EMPIRE Exec previously held Chief Financial Officer positions at 2K Games, Universal Studios Hollywood and more
News Former file-sharing platform LimeWire reaches $17.5m in total funding following multiple financing rounds File-sharing platform recently relaunched as a digital collectibles marketplace
News Moon Projects founder Mary Rahmani joins Songfluencer, Genni & Co. as Strategic Advisor Moon Projects' Mary Rahmani was TikTok’s first music hire in North America
News European lawmakers close to launching ‘world’s first rules’ on artificial intelligence Under the draft mandate, AI systems with “an unacceptable level of risk to people’s safety” would be strictly banned
News Music by Italian songwriters returns to Facebook and Instagram after ‘transitional’ deal with Meta Music represented by SIAE, the main collecting society for tens of thousands of songwriters in Italy, returns to Meta platforms
News K-pop giant SM Entertainment generated $152m in Q1 revenues, up 20.3% YoY Company publishes investor filing for Q1 earnings
News Annual revenues at UK collection society PRS For Music topped $1.1bn in 2022 PRS welcomed almost 7,000 new writer, composer and publisher members in 2022
News Revenues at UK licensing org, PPL, hit record high in 2022, up 7.8% to £272.6m It was the highest level of revenue in the company’s 89-year history