Music Business News: Asia
News Lofai’s appointment fits into Robert Kyncl's plan to strengthen Warner’s presence in the region’s fast-changing music scene News CEO Cheol-hyuk Jang said SM aims to create "a comprehensive idol success model" in partnership with Tencent Music. News The selection process involves document review, three rounds of Tokyo-based screenings, and final judging in the US. Analysis News Bad Bunny's latest album was Sony's biggest revenue-generating project in the three months around the world News Attrakt sued Warner Music Korea in October 2024, accusing it of “tampering” with members of the girl group Fifty Fifty. News Group revenue climbed 10.2% YoY in Q2 to 705.6 billion South Korean won, while operating profit jumped 29% YoY to 65.9 billion won. Analysis News HYBE is busy expanding beyond the world of K-pop, but a seemingly endless string of controversies is dragging down the company's public image News In January, NetEase Cloud Music secured a temporary deal to keep SM's catalog available beyond the January 31 contract deadline.