Music Business News: Japan

Spotify is still adding more users across Europe and North America than in Asia, the Middle East and Africa combined

SPOT is reaching less than 1.5% of its potential addressable market outside of Europe and the Americas

BTS ship over a million physical copies of Japanese-language single Lights/Boy With Luv in Japan

Boyband works with Big Hit and Universal Music for their Japanese music

The major labels are close to generating $1m from streaming every hour – but global growth is actually slowing down

MBW analysis shows that global major label streaming revenue growth slowed by 19.1% YoY in the first six months of this year

Lil Nas X helps drive Sony Music streaming revenues up 27% to $605m in last quarter

Major labels now turning over more than $20m from streaming every single day

The birth of Sony Music Group creates a joined-up superpower at the heart of the music business

MBW estimates that SMG will turn over more than $5bn each year, including Japan

Rob Stringer to run new Sony Music Group, housing publishing and records, from August 1

Sony/ATV Music Publishing Chairman and CEO Jon Platt will report to Stringer

Former Spotify Japan executive Akira Nomoto named General Manager, Merlin Japan

Nomoto takes over from Haji Taniguchi

These might be the 5 most powerful people in the music business – despite none of them working in the music business

Who are the bosses of the music industry's bosses?