Analysis News From Universal’s billions to Deezer’s new Board Director… it’s MBW’s Weekly Round-Up The biggest stories on MBW from the past seven days
News Milk & Honey signs trio of new clients, all songwriter/producers behind chart hits: JHart, The Elements, and Alexis Kesselman M&H founder, Lucas Keller, calls JHart "one of the greatest songwriters and voices in the business"
Analysis News Universal Music Group generated more than $1bn per quarter, on average, from recorded music subscription streaming in 2022 UMG posts double-digit YoY growth (just!) in its recorded music subscription streaming revenues
News HYBE says it ‘has been considering the acquisition of SM Entertainment for a long time’ as it launches campaign to win support from SM shareholders HYBE says campaign was developed "to protect shareholder value from inappropriate actions by the current management at SM".
News Shamal Ranasinghe appointed Chief Business Officer at Web3 music streaming platform Audius Exec joins Audius from SiriusXM/Pandora
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'.