Music Business News: Germany

SoundCloud is now a distributor: Platform launches tool for users to upload music to Spotify, Apple Music etc.

Amazon Music, Apple Music, Instagram, Spotify, Tencent, YouTube Music and more all covered by new tool

SoundCloud revenues grew 80% to top $100m in 2017, as losses narrowed 27%

Subscription revenues nearly doubled in the year, up to $82m

SoundCloud’s Chief Product Officer Eric Wahlforss has resigned

Wahlforss will take up an advisory role on March 1

Live music promoter DEAG fully acquires MyTicket

DEAG acquired the remaining 24.9% of shares from Axel Springer SE

Germany streaming numbers up by over 40% in 2018, as CD sales drop 23%

Streaming numbers hit a new all time record high of 79.5 billion

BMG ups Patrick Joest to Executive Vice President, Global Partnerships & Synch

Joest was previously Global EVP, International Licensing & Marketing

Universal signs Germany’s most successful streaming artist of last year, Capital Bra

Artist hit No.1 in final chart week of last year

Superstar Helene Fischer scores top-selling album in Germany for 5th time in 6 years

The top 3 best-selling albums in Germany in 2018 were released by Universal-signed artists