News Japan’s Avex Group strikes licensing deal with NetEase Cloud Music Deal gives NCM the right to distribute Avex's music catalog in China
Interviews ‘Streaming has unshackled us to compete and unshackled artists to be heard.’ Mom + Pop founders discuss the development of the label and the challenges that come with working in the independent market today
Analysis News From Utopia Music downsizing its workforce to Warner’s $1.5bn in calendar Q3… it’s MBW’s Weekly Round-Up Our biggest stories of the week, brought to you in association with Centtrip
News Utopia Music makes layoffs as it downsizes global workforce MBW understands that Utopia's global team numbers 1,200 people. That figure includes both contractors and around 800 employees.
News BMG buys recordings catalog of German pop-rock band Fools Garden Band's global hit Lemon Tree has sold six million copies
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