Analysis News Scooter Braun and HYBE want to build a ‘major’ music label. How will their $300m bet on Quality Control play into that aim? An in-depth look at the biggest music industry deal of 2023 so far
News Mojo Music & Media buys several catalogs, including hits recorded by Duran Duran and Jennifer Lopez Company has acquired a series of separate catalogs that collectively include 30 chart hits spanning seven decades
News Erika Clark promoted to Vice President, Media Relations at Island Records Clark joined Island Records in March 2018, as Director, Media Relations
News Tuned Global acquires AI-powered music tech and DJ app company Pacemaker Pacemaker holds several patents for its proprietary AI technology
News House panel approves bill that could lead to total TikTok ban in the US TikTok has around 100 million users in the US
News Shirin Foroutan appointed SVP and GM, Europe at Universal Music Publishing Group Foroutan previously served as Vice President, Creative, at BMI
News TIDAL axes Direct Artist Payouts ‘experiment’ to redirect funding to emerging talent program TIDAL RISING $500,000 has been paid out via the program since November 2021
News Fadia Kader named EVP and General Manager at Troy Carter and Suzy Ryoo’s Venice Music Kader was previously Global Head of Strategic Partnerships at Clubhouse
News UK public performance joint venture PPL PRS has paid out $1.2bn+ to creators and rightsholders to date JV launched in 2018
Analysis News Deezer generated over $470m in 2022, with a $175m operating loss, and just named Stu Bergen as a Director on its Board Deezer posts 10.6% YoY rise in overall revenues for 2022 at constant currency
News Spotify rival Anghami sued by PopArabia, Reservoir over allegedly streaming unlicensed songs Lawsuit was filed in December
Analysis News Germany’s recorded music business generated $2.17bn in 2022, up 6.1% YoY Audio streaming accounted for 73.3% share of revenues
News Lyric Capital raises over $800m to buy music rights Lyric says that it exceeded its funding target, with 'support from a diverse group of new and existing institutional investors'.
News US sets 30-day deadline to delete TikTok from federal devices as Canada also follows European Commission ban US and Canada have followed the European Commission in banning the use of ByteDance-owned TikTok from employees devices
News Dr Jo Twist OBE appointed Chief Executive of UK record label trade body BPI Twist is currently CEO of Ukie, the trade body for UK games and interactive entertainment
Analysis News The MLC has distributed $1 billion to songwriters to date Organization directly distributed more than $532.3 million in royalties to its members in 2022
News After securing $100m to buy film and TV music rights, Cutting Edge forms strategic venture with Village Roadshow Entertainment Deal covers all of VREG's past and future music publishing assets, soundtrack album releases and music supervision services
News Spotify dips a toe in NFT space, via token-gated playlists starting with Universal’s virtual band Kingship KINGSHIP revealed via Twitter that it's teaming up with Spotify on a token-enabled playlist