Analysis News Warner Music Group generated $92m from ’emerging platforms’ in calendar Q3 – and other takeaways from Steve Cooper’s last earnings call with WMG Warner's share price soared 15% following the announcement of the earnings on Tuesday
Analysis 10 years ago, Warner Music’s Top 5 superstars generated 15% of its revenue. Today, that number is down to just 5%. MBW drills into the numbers of Steve Cooper's surprising revelation on WMG's earnings call this week
News Senate committee to hold ticket industry competition hearing after Taylor Swift tour sale drama Hearing date and witnesses to be announced at a later date
News FUGA forms partnership with electronic label group Insomniac Music Group Insomniac houses a number of labels in the electronic music space
News NetEase Cloud Music revenues reach $331m in Q3, up 22.5% YoY Cloud Music accounted for 9.7% of parent company’s overall revenue in Q3
News Warner Recorded Music signs Saudi superstar Dalia Mubarak Middle East and North Africa is one of the world's fastest-growing regions for recorded music
Interviews News Artist financing platform beatBread closes $100m fund to ’empower independent artists and labels’ Launched in November 2020, company has made over 500 advances to artists and labels
News Warner Chappell signs singer-songwriter Amy Allen to global admin deal Allen is best known for writing top hits for Harry Styles, Halsey, Selena Gomez and Lizzo
News Iggy Azalea sells catalog to Domain Capital in ‘eight-figure’ deal Deal was confirmed by the artist on social media
News Warner posts $1.5bn in calendar Q3 revenues, up 16% YoY; recorded music streaming revenues grow 4.7% YoY Recorded music revenues were up 13.1% YoY to $1.244 billion, largely thanks to live music-related income
Interviews ‘Our dream is that Vybbe becomes one of the leading entertainment companies in Brazil.’ MBW's Trailblazers series interviews Carlos Aristides, CEO of Brazil-based music company Vybbe
News Raoul Chatterjee joins UK-based vinyl platform elasticStage as Chief Operating Officer Startup raised £3.5m in a seed funding round earlier this year
News HYBE continues to diversify its business by buying a stake in South Korea-based games developer Flint (report) Company expands in games industry
News Universal just launched its own streaming service for classical music via Deutsche Grammophon A subscription for STAGE+ will cost EUR €14.90 per month, or €149 per year
News SoundCloud offers 50% off its ‘Next Pro’ plan, which includes unlimited uploads and releases Next Pro offers unlimited track uploads and a premium profile badge
Analysis News Taylor Swift slams ‘excruciating’ tour presale, as Live Nation addresses Ticketmaster competition concerns Live Nation publishes statement after Ticketmaster site crashes during ‘Verified Fan’ sale for Taylor Swift tour
News Mike Kadziulis named Executive Manager and Head of Radio at YMU Music Kadziulis was previously an independent artist manager running his own artist management company called Mad Ones.
News From Taylor Swift crashing Ticketmaster to Tencent Music’s 1,000+ AI songs… it’s MBW’s Weekly Round-Up Our biggest stories of the week, brought to you in association with Centtrip