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Ray Alba and Nathan Sheppard named Senior Vice Presidents of Marketing at Capitol Records

Alba and Sheppard will co-lead the label’s marketing department

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Reservoir inks global publishing deal with Grammy-winning artist Killer Mike of Run The Jewels

Atlanta-born Killer Mike has released four studio albums alongside his Run The Jewels partner, EL-P

News

Aton Ben-Horin promoted to Executive Vice President, Global A&R for Atlantic Records Group

Exec also inks publishing partnership with Warner Chappell Music

News

Web3 brand Autograph partners with AEG Presents for live entertainment NFTs

Autograph was co-founded by American football star Tom Brady

News

Dan Miller promoted to Director of Client Services at Downtown Music Services

David Labovitch also promoted to Content Operations Manager at the company

Sony spent an average of $91m on music catalog acquisitions every month over the past 10 months

Stat was recently revealed on an investor presentation by Sony Corp's Hiroki Totoki

News

After taking its Electric Daisy Carnival to Roblox, Insomniac partners with Epic Games rival Unity to build metaverse world for virtual concerts

Companies plan to build a 'new, persistent metaverse world' where fans can watch virtual concerts

Every 2 hours, the major music companies now jointly generate more than $5 million

MBW crunches last year's fiscal numbers... and finds the majors piled on $4 billion in annual revenue

News

BTS Permission to Dance on Stage – Seoul concert broadcast generated $32.6m

Film was released in 3,711 cinemas in 75 countries

Meet Italy’s Rude Records, the $4.6m-valued indie label aiming for an IPO by 2025

Label President Ilich Rausa discusses fund raising and expansion plans

News

Sony Music buys minority stake in Walter Kolm’s WK Records

Sony previously acquired a 50% stake in Kolm's separate management company

News

Markku Lonnqvist named Chief Investment Officer at Hipgnosis Song Management

Hipgnosis Song Management is the investment advisor to two Hipgnosis-branded funds: the UK-listed Hipgnosis Songs Fund, and the Blackstone-backed private fund, Hipgnosis Songs Capital

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From the United States’ $15bn revenue to Downtown’s $200m indie artist fund: It’s MBW’s Weekly Round-Up

The biggest stories from the past week – and why they matter

News

Irving Azoff’s Iconic Artists Group buys bundle of rights from Nat King Cole estate

Deal encompasses a broad range of rights from Cole’s career

News

Now SoundExchange pulls out of Russia

SoundExchange has terminated its agreement with the Russian Organization for Intellectual Property (VOIS)

News

Stephen White joins EMPIRE as Chief Product Officer

White will oversee all data and technology at the company

Kobalt and Downtown cut ties with Russia; Believe continues to operate in market but is ‘monitoring the situation very closely’

Will CISAC suspend Russian PRO from its global membership?

News

Sarah Jones promoted to General Manager at Warner’s Songkick

Songkick was acquired by Warner Music Group in 2017