Music Business News: Europe

Shirin Foroutan appointed SVP and GM, Europe at Universal Music Publishing Group

Foroutan previously served as Vice President, Creative, at BMI

UK public performance joint venture PPL PRS has paid out $1.2bn+ to creators and rightsholders to date

JV launched in 2018

Deezer generated over $470m in 2022, with a $175m operating loss, and just named Stu Bergen as a Director on its Board

Deezer posts 10.6% YoY rise in overall revenues for 2022 at constant currency

Germany’s recorded music business generated $2.17bn in 2022, up 6.1% YoY

Audio streaming accounted for 73.3% share of revenues

Dr Jo Twist OBE appointed Chief Executive of UK record label trade body BPI

Twist is currently CEO of Ukie, the trade body for UK games and interactive entertainment

After securing $100m to buy film and TV music rights, Cutting Edge forms strategic venture with Village Roadshow Entertainment

Deal covers all of VREG's past and future music publishing assets, soundtrack album releases and music supervision services

After partnering with Warner last year, pre-cleared music for games platform STYNGR inks licensing deal with ICE Services

STYNGR offers pre-cleared music for games and the metaverse

Abbey Road’s free ‘Equalise’ Festival returns for fourth year

London’s Abbey Road Studios announces the return of its annual Abbey Road Equalise festival on Saturday, March 4, to coincide with International Women’s Day