Music Business News: Europe

News

Africa-focused streaming service Mdundo hits 37.8m monthly active users, as paid subscription revenue jumps 112% in local currency terms

The company reported a revenue decline in fiscal 2023/24, amid weakness in African currencies

News

Warner Music Group acquires Amsterdam-based label Cloud 9 Recordings

Cloud 9 Co-founder Raymond van Vliet to remain as President of Cloud 9 Recordings

News

In key markets outside the US, TikTok’s revenues soared 75% to $4.6bn last year, but losses widened amid $1bn in legal costs

TikTok's massive increase in European, LatAm and African revenue was more than offset by a sharp spike in expenses

News

Spotify slams ‘outdated bureaucracy’ in Sweden as it moves ‘parts’ of 250 jobs from its home market after court ruling over night shifts

Court rejects Spotify's request to allow its engineers in the market to work shifts between midnight and 5am

News

Chorus TM sponsors prestigious Management Company category at next month’s Music Business UK Awards

New specialist financial management platform backs category named in honor of Robbie Williams' legendary manager, David Enthoven

News

Ex-Spotify UK & Ireland boss Tom Connaughton joins independent UK distributor Canvas Music as Partner and Senior Advisor

Canvas has also signed a long-term joint venture with US-based Symphonic Distribution

Interviews

Jason Iley on Sony Music, breaking artists, and life lessons

Having recently marked his 10th year as boss of Sony Music UK, Jason Iley will be honoured with the Music Industry Trusts (MITs) Award in November in London. Here, Iley glances back over his career and life to date – while looking forward to a new chapter for the global music business…

News

Armada’s $100m BEAT Music Fund continues buying spree with acquisitions from Kevin Saunderson, Markus Schulz, Robbie Rivera

The "world's first dance music investment company" aims to make $500 million in acquisitions in five years