Music Business News: Japan

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

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

Sony generated $1.99bn from recorded music and music publishing in calendar Q1, up 13.5% YoY

MBW calculates growth in Sony's music publishing and recorded music revenues in calendar Q1

‘For music rightsholders, Web3 is an opportunity for extraordinary growth.’

Tuned Global MD, Con Raso, tells MBW about the company's expansion into Web3, and its future plans

Rob Wells-led music tech startup ORFIUM acquires Japan-based content company Breaker INC

Breaker's board of directors includes Shigeo Maruyama, ex-CEO of Sony Music Japan

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

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

Tracklib strikes licensing deal with BANDAI NAMCO to bring anime music samples to producers

BANDAI NAMCO is also an operator of the music label Lantis