Music Business News: Europe

France is ‘struggling’ to reach the paid subscription levels of other major music markets. Is TikTok partly to blame?

SNEP report highlights slowdown in subscription streaming growth in key global territory

Sony Music Publishing inks global deal with Caity Baser via Chosen Music

Baiser released music independently via TikTok's SoundOn, but recently signed a major label deal with Universal's EMI

Various Artists and Stellar Songs launch Alternative Songs publishing joint venture

Venture to be administered and funded globally by Downtown Music Services

Believe generated $800m in annual revenues in 2022, up 31.8% YoY

Company's full-year financial results were published on Wednesday, March 15

Universal confirms partnership with Deezer to explore new streaming model

Partnership follows UMG alliance with TIDAL announced in Janauary

Vanessa Kanapin named Director of A&R for GSA at Ultra Music Publishing and Helix Records

Exec joins from independent publisher Budde Music

Hipgnosis exec Tony Barnes named as co-founder of metaverse startup Karta

Karta is a metaverse studio that offers in-game experiential marketing for musicians, brands and sports teams

Universal buys classical label Hyperion, four months after launching its own classical music service via Deutsche Grammophon

Hyperion was founded in the UK in 1980 by the late Ted Perry MBE.