Music Business News: Europe

The Other Songs partners with Universal Music Publishing Group; signs global deal with British singer/songwriter Bruno Major

Bruno Major named as the 'first marquee signing' via the new arrangement with UMPG

BMG revenues hit $496m in H1 2024, up 12.5% YoY on organic basis

Thomas Coesfeld's changes to BMG had a clear effect on company's profit profile in H1 2024 period

Italy’s paid music streaming subscription revenues jump 23% as local acts completely dominate charts

With Italy lagging Western countries in paid music subscribers, strong growth is expected to continue

XL Recordings posted a $12.8m profit last year… despite only releasing 8 new albums

XL's small but heavy-hitting catalog has made it an impressively profitable record company

From Hipgnosis’ next phase to TikTok’s indie takeover… it’s MBW’s Weekly Round-Up

The biggest stories from the past week – all in one place…

Over half of TikTok’s biggest global tracks of the summer are independently distributed

On Monday (August 19), TikTok revealed its Top 10 Songs of the Summer for the US and globally

Nichal Sethi promoted to Head of SoundOn EMEA; Toyin Mustapha steps up to Head of Music Partnerships for UK, Ireland and SSA at TikTok

TikTok promotes execs to key roles covering the UK & Ireland, EMEA, and SSA regions

Blackstone’s Hipgnosis is getting ready for its next phase…

Blackstone officially acquired Hipgnosis Songs Fund from its public shareholders in July