Music Business News: Asia

HYBE revenues soar 83.8% to $391m in Q2… despite BTS hiatus announcement

K-pop giant HYBE publishes its financial results for Q2 2022

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

Universal launches monoX record label in Vietnam with media company METUB

monoX is led by CEO Kendall Nguyen

NetEase Cloud Music ‘expands K-Pop portfolio’ with YG Entertainment licensing deal

YG's roster includes K-Pop groups such as BIGBANG and BLACKPINK

ONErpm has conquered Brazil’s streaming market. Now it’s taking on the world.

Founder Emmanuel Zunz explains his expansion plans for one of LatAm's most successful distribution and services companies

TikTok lays off staff, Apple slows down hiring amid job shedding in tech sector

In the US, where TikTok is facing increasing criticism and even a potential ban, the Chinese company has reportedly informed some employees that their roles are being eliminated.

This company’s young artist has billions of YouTube views. It’s certain India is going to become one of the world’s biggest music markets.

Hitz Music founder and Indian music industry veteran, Vinod Bhanushali talks us through his views of the market