Music Business News: Asia

Music-making platform BandLab surpasses 100 million users

App has grown by 40 million users since January 2023

Global recorded music revenues rose 10.2% to $28.6bn in 2023, as paid subscriptions to music streaming services exceed 500m globally

IFPI has published its Global Music Report, which shows global trade revenues for the recorded music industry in 2023

Saudi Arabian media giant MBC quietly bought a 14% stake in Anghami

Anghami's stock price soared 59% in one day, after news of the acquisition went public

Universal and instrument maker Roland publish ‘Principles for Music Creation with AI’ as part of new partnership

The companies' joint manifesto is "a series of clarifying statements relating to the responsible use of AI"

Warner Music India makes strategic investment in JetSynthesys’ Global Music Junction

Warner says the deal makes it the largest player in certain central Indian music markets

Tencent Music’s subscription revenues soared 45.3% in Q4 as paying subscribers hit 106.7m

Both the number of subscribers and revenue per paying subscriber are growing rapidly at TME

TikTok’s US growth stalls amid UMG dispute, competition, regulatory and e-commerce woes (Report)

The social media giant's efforts at e-commerce are backfiring with users, a news report says

MBW (and Skibidi Toilet) just inspired a flurry of TikTok music takedowns

TikTok took swift action over a list of videos that MBW identified as 'manipulating' UMG content