Music Business News: Asia
News UMG has also launched a new standalone International division in the market News SM entertainment will let fans convert content into NFTs within its so-called Play2Create ecosystem Analysis News TikTok reportedly generated $4 billion in ad revenues in 2021, and wants to triple that in 2022 News App has over one billion users News Veteran music executive Paul Smith joins YouTube Music News BTS first entered the IFPI Global Artist Chart in 2018, entering at No.2 Analysis News HYBE spent $1 billion on Braun's company in April 2021, and has seen a 58% jump in annual revenues News New label division is dedicated to representing what UMG says is 'the best hip-hop and rap talent from the region'.