News MBW’s Weekly Roundup: Spotify, Hipgnosis, Grammys, YouTube, Universal x Boomplay The biggest music industry stories of the week, all in one place
News BTS label Big Hit Entertainment officially rebrands as HYBE Big Hit’s record label will maintain its identity as a label called Big Hit Music, under HYBE
Analysis Artists have a 0.2% chance of generating $50k a year on Spotify. Let’s kick this stat around. Spotify's new website has started a debate. The world of soccer might provide some answers.
News Universal Music Africa and Motown Gospel sign superstar South African music group Joyous Celebration Motown Gospel will release the group’s music in the US and Canada
News Drew Wilson appointed Chief Operating and Chief Financial Officer at SoundCloud He joins SoundCloud from First Look Media where he served as Chief Operating Officer and Chief Financial Officer
News Sony Music Entertainment launches new Southeast Asian label, OFFMUTE New signings include Clara Benin, Mezzaluna and liesl-mae
News Hipgnosis buys catalog of Nobody Does It Better writer Carole Bayer Sager, likely for around $10m MBW's uncomfirmed estimate suggests deal would have cost somewhere around $9m to $10m
News 1.4m viewers watched Kiswe’s pay-per-view virtual concerts in 2020 Company's platform supported virtual events from BTS and Justin Bieber in 2020
News DistroKid inks partnership with music streaming and discovery platform Audiomack Integration lets DistroKid users distribute music directly to their artist profile on Audiomack
News Madison Beer to debut Immersive Reality virtual concert made in Unreal Engine on TikTok Live Virtual event takes place in a full digital recreation of the Sony Hall concert venue in New York
News Warner’s ADA Latin inks global deals with several prominent Latin music labels and artists Among them are EDM veteran Toy Selectah’s Worldwide Records and Los Angeles indie label Cosmica Records
News YouTube’s TikTok rival Shorts arrives in the US Launch partners include Universal Music Group, Sony Music Entertainment, Warner Music Group, Merlin, 300 Entertainment, Kobalt
News How many artists are generating $50k+ a year on Spotify? Over 13,000. New Loud & Clear site sees Spotify pull back the curtain on the truth about streaming economics
News EMPIRE hires Elliott Peters as VP of Global Business Development, promotes Mike Gallegus to VP of Business and Legal Affairs Peters has previously worked for SoundCloud, Apple and Warner Music
News Hotly-tipped UK artist Holly Humberstone signs with Polydor, Interscope, and Darkroom Records Artist makes jump from Platoon to trio of Universal-affiliated labels
News France’s recorded music market generated revenues of $883m in 2020 Results were published today (March 16) by French trade body SNEP
News Warner Music Group joins $52.5m Series C funding round in gaming UGC platform Overwolf Company has raised over $75m to date