Music Business News: Germany

Electronica publisher Random Noize Musick inks administration deal with Wise Music Group’s Bosworth Music

Random Noize boasts a catalog of electronic music subgenres, featuring artists like Apparat and Moderat

CTS Eventim’s revenues blow past expectations, jump 22.5% in 2023 to $2.5B

Ticketing revenues grew more than 32%, while live event revenues jumped by nearly 19%

From Universal’s feud with TikTok to YouTube Music’s 100m subscribers… it’s MBW’s Weekly Round-Up

The five biggest stories to hit our headlines over the past seven days…

The music industry is changing. Thomas Coesfeld is busy preparing BMG for what’s next.

The BMG boss discusses the sweeping changes he's made at the Bertelsmann-owned company – and the future of music

Generative AI music market to be worth $3bn by 2028, says report commissioned by Sacem and GEMA

The study found nearly unanimous support for payments to rights holders when their music is used to train AI

BMG partners with Technical University of Munich to create AI-driven music marketing campaigns

Thanks to AI, BMG is now able to process royalties 10 times faster than it could previously, and track music 50% faster

Kristof Jansen promoted to Vice President of Believe-owned Groove Attack

Believe acquired Groove Attack in 2018

Johannes von Schwarzkopf appointed SVP Corporate Development at BMG

Von Schwarzkopf will lead BMG's efforts to identify new business opportunities and oversee growth initiatives