Music Business News: Netherlands

The fund is looking to invest $500 million in dance music over the next five years

MBW listened into UMG's Q1 earnings call. Here are a few things that stood out...

UMG, which trades on the Euronext stock exchange in Amsterdam, has published its Q1 results (for the three months to end of March)

Exec is described by Downtown as an 'inspirational and visionary leader'

The newly-formed Armada Music Group will encompass Armada’s label, publishing and investments arms

'This is an extraordinary time for Downtown Music as we enter this next phase as a fully unified operating company,' said van Rijn

The 11 markets include the UK, Germany, Italy, the Netherlands, Poland, Sweden, Brazil, Colombia, Philippines, Indonesia, and Kenya.

Spotify appears to have revealed this information in a blog post