News After raising $37m in January, Symphonic Distribution buys marketing agency, Streaming Promotions Founded in 2015, Streaming Promotions is based in Nashville
News Quincy Jones-backed NFT platform OneOf closes $8m funding round New capital brings OneOf’s total funding to over $72m to date
News TEG appoints Toby Leighton-Pope as Managing Director, TEG Europe Leighton-Pope was formerly the co-CEO of AEG Presents UK, from 2016 to December 2021
Analysis News From Meta losing Kobalt’s catalog to Universal’s $2.7bn in Q2… It’s MBW’s Weekly Round-Up The biggest stories from the past week - and why they matter
News Shopify invests in music commerce app Single The company has also launched token-gated commerce and content features to its app
News Luis Bonilla promoted to Chief Technology Officer at SoundExchange He previously served as the company's Senior Vice President of Operations
Analysis News Sony generated over $2bn from recorded music and publishing in calendar Q2; recorded music revenues were up 11.2% YoY Recorded music streaming revenues were up 7.9% YoY in the quarter, MBW calculates
News Stromae’s Mosaert label signs worldwide deal with Warner Chappell Music Mosaert was founded in 2009
News Bruce Springsteen’s manager Jon Landau breaks silence on $5,000 tour tickets Landau defends pricing, which has been based on market demand
News Lyrics platform Musixmatch secures strategic investment from TPG Growth Founded in 2010, Musixmatch claims to have assembled the world’s largest lyrics catalog
Analysis News Universal Music Group generated $2.7 billion in Q2; recorded music subscription streaming revenue grew 7.0% YoY BTS were UMG's biggest-selling artist globally in Q2 2022
News Snapchat to pay DistroKid artists monthly grants up to $100,000 via new ‘Sounds’ creator fund Snapchat now reaches over 600m monthly active users worldwide
News Kate Reilly promoted to Chief Membership & People Officer at UK music licensing company PPL Reilly previously served as Chief People Officer
News Curve Royalty Systems expands, hiring Mhairi Palmer in North America and Britt Timmerman in the UK Palmer joins from Anthem Entertainment; Timmerman joins from Kobalt
News Producer Tommy Parker inks publishing partnership with 10K Projects, Champagne Therapy and Coup D’Etat Music 'Tommy is one of the most uniquely gifted talents creating music today,' said Tony Talamo, co-President of 10k Projects
Analysis Blog What’s music’s next new format? This op/ed comes from Inder Phull, CEO and co-founder of gaming and music metaverse company PIXELYNX
News Universal launches monoX record label in Vietnam with media company METUB monoX is led by CEO Kendall Nguyen
News Miles Gersh promoted to VP, A&R for Warner Records Gersh was most recently Director, A&R for Warner Records