Music Business News: Europe

Utopia axes 5% of staff as company shuts down R&D operations in the UK and Finland

A spokesperson told MBW that, 'Utopia is currently streamlining its organization to increase efficiency'.

GEMA acquires majority stake in music recognition technology firm SoundAware Group

Company's tech is used by media companies, TV and radio broadcasters, event organizers and more

‘We are smarter if we are together, rather than working in isolation.’

MBW’s World Leaders series interviews Cécile Rap-Veber, CEO of France-based CMO Sacem

Spotify officially raises Premium subscription prices in the US, and in several markets across South America, Europe and Asia

Music streaming giant Spotify has officially increased the price of its flagship Premium subscription in the US to $10.99.

UK concert-goers spent £2 billion on tickets in 2022 – up 23% on pre-pandemic 2019. But the industry has a ‘go big or go home’ challenge on its hands.

Economist Will Page dives into 2022's live music numbers out of the United Kingdom

Frances Moore to step down as CEO of IFPI

As IFPI’s longest-serving leader, Moore has led the trade body since 2010

BandLab parent relaunches long-running music media brand NME as global print magazine

Magazine will have exclusive availability via BandLab parent-owned Music Retailer Dawsons

Germany’s recorded music business generated $1.18bn in the first half of 2023, up 6.6% YoY

Audio streaming now accounts for 75.7% of Germany's total recorded music market