Music Business News: Asia
Analysis News MBW estimates that Universal, Sony and Warner are now collectively worth just shy of $89bn
Analysis SPOT is reaching less than 1.5% of its potential addressable market outside of Europe and the Americas
News Company issued statement via Twitter
News Boyband works with Big Hit and Universal Music for their Japanese music
Analysis News MBW analysis shows that global major label streaming revenue growth slowed by 19.1% YoY in the first six months of this year
News "This is an exciting development for both Vivendi and UMG and affirms once again just how much our strategy and hard work are succeeding."
News "Together with Tencent, Vivendi hopes to improve the promotion of UMG’s artists, with whom UMG has created the greatest catalogue of recordings and songs ever, as well as identify and promote new talents in new markets."
Analysis News Major labels now turning over more than $20m from streaming every single day