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BMI paid out nearly $1.5 billion to songwriters and publishers in the past year, up 10% YoY

Overall revenue (collections) jumped 16%, or by $212 million, to $1.57 billion, the company said Tuesday (September 13).

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Patreon axes 17% of workforce, closes Dublin and Berlin offices

The news comes just over a year after Patreon raised $155 million in its series F funding round, boosting its valuation to $4 billion

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Confirmed: Tencent Music to go public in Hong Kong without raising new funds

Company confirms news reported earlier this week

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Jennifer Knoepfle joins Universal Music Publishing Group as Executive Vice President and Co-Head of US A&R

Knoepfle joins UMPG from Sony Music Publishing, where she was most recently SVP, Creative

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Steven Gringer promoted to Vice President of A&R at PULSE Music Group

Gringer was previously Senior Creative Director, PULSE Music Group

Tencent Music planning Hong Kong Stock Exchange listing as soon as next week (report)

Secondary listing plan comes after TME started trading on the New York Stock Exchange in December 2018

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Troy Carter’s Venice Music opens up to more indie artists with new subscription model

Company is opening up its platform to a wider scale of artists through new subscription plans

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Round Hill acquires music royalty interests of legendary producer Bruce Fairbairn

He worked with Bon Jovi, Aerosmith, AC/DC, Van Halen and more

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Utopia buys UK physical music distributor Cinram Novum

Utopia says the deal saves the UK company from insolvency and secures 300 jobs

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Peloton co-founders John Foley and Hisao Kushi exit; Karen Boone named as new Chairperson of the Board

'Their impact will resonate long after their departure,' Boone said

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Podcast subscription service Podimo raises $58.7m in fresh funding

Latest raise follows Podimo's $78 million Series B round in November

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Niels Walboomers appointed President, Records and Publishing, Benelux at Warner Music Group

Exec succeeds Martin Jessurun who steps down as President of Warner Music Benelux, and Arno Van Berkel, who exits as MD of Warner Chappell Music Benelux

Concord turned down a $5bn+ acquisition offer. It explains why – and where it’s going next.

Concord CEO, Scott Pascucci, and President, Bob Valentine, map out an "aggressive" next five years for the US company

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Scott Cohen to exit Warner as Chief Innovation Officer

Warner hired Cohen to the newly created position of Chief Innovation Officer, Recorded Music back in March 2019

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Kobalt Neighbouring Rights changes name to Kollective Neighbouring Rights, launches platform powered by The Orchard

Name change follows Sony Music's acquisition of KNR, along with AWAL, from Kobalt in May 2021

‘I’m confident that in the future, 15-20% of all music on the global charts will be by African artists.’

MBW’s World Leaders series interviews Martin Nielsen, CEO of African music streaming service Mdundo

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Reservoir and PopArabia acquire Lebanese label and music publisher, Voice of Beirut

Reservoir says that the acquisition builds on its emerging markets strategy

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Chuck D sells catalog to Reach Music Publishing

Company buys 50% of copyright ownership interest and 100% of the writer’s share, including global administration rights, to Chuck D’s catalog