Analysis News New blank check company files for $200m IPO, led by same team behind SPAC that took Anghami public SPAC is led by Jacob Cherian, the Co-CEO and a director of Anghami
News FUGA partners with Germany-based Odyssey Music Network; inks deal with Austria’s Phat Penguin Deal with Odyssey will see FUGA providing both digital and physical distribution for the company’s roster
News Snap Inc. to reduce workforce by approximately 20% Evan Spiegel, CEO Snap Inc., sent a note to employees on Wednesday (August 31) confirming the news
Analysis News Half of APAC listeners use social media for music discovery, a win for TikTok and its music-streaming foray APAC music discovery stats revealed in new report from US market monitor Luminate
News Six months after selling to Epic Games, Bandcamp is bringing back ‘Bandcamp Fridays’ Nearly 800,000 fans have participated in the Bandcamp Fridays program since March 2020
News BMG revenues increased 25% to €371m in first half of 2022 BMG reports that 60% of its revenues in the first half of 2022 were from publishing, with 40% from recordings.
News Concord is at the bidding table for Pink Floyd’s catalog bundle (which doesn’t include music publishing rights) US-based company is back on the acquisition trail after buying Native Tongue and HitCo
Analysis News Utopia is raising €300 million in a Series C round that would value its company at €2.5bn. But what’s it building? A deep dive into one of the most intriguing companies operating around and within the modern music business
Analysis News BLACKPINK’s virtual concert on PUBG MOBILE was watched by 15.7m viewers Video marked the first time BLACKPINK have appeared in avatar form for a music video
News Katie Robinson and Adam Ruehmer promoted within Elektra Entertainment marketing department Based in Los Angeles, Robinson and Ruehmer will both report to Elektra Co-Presidents Mike Easterlin and Gregg Nadel.
News Music startup Soundstripe attracts $9m in fresh funding shortly after launching mobile app Startup provides royalty-free music for video
Analysis News Triller, which has raised $300m to date, is being sued by Sony Music for non-payment of ‘millions of dollars’ Triller just raised more funds, pushed back its IPO (again)... and has been hit by a major lawsuit by SME
Analysis News Robert Kyncl is leaving YouTube. Expect the ‘is THIS the new CEO of Warner Music Group?’ rumor mill to gather pace. Kyncl was once very close to music business dealings as Chief Business Officer at the platform
Analysis News From Kobalt’s sale talks to SM Entertainment’s expansion in Saudi Arabia… it’s MBW’s Weekly Round-Up Our biggest stories of the week, brought to you in association with Centtrip
News Uncategorized Blockchain music platform Opulous launches fund to buy copyrights The project – or Opulous Royalty Vault – operates via a new set of tokens called OVAULT.
Analysis News The US music publishing industry generated $4.7bn last year – but the record industry grew twice as fast The music publishing industry grew annual revenues by around $700m in the States last year; the record industry jumped up by $1.8 billion
Analysis News Deezer eyes wellbeing app market entrance with ‘Zen by Deezer’ App is 'currently being tested with small user groups to prepare for a launch in early 2023'