Music Business News: Europe

BMG acquires music interests of ‘Driving Home For Christmas’ singer-songwriter Chris Rea

Deal includes his royalty interests in 17 studio albums

Boomplay strikes partnership with France’s Generations Radio to promote African music

Partnership will see the launch of the 'Top Africa Charts show' to promote African music and spotlight African artists

Tech start-up Logcast unveils Spotify integration that lets creators charge for talk content

Logcast investors include San Francisco-based VC firm Goodwater Capital

[PIAS] founders explain why they sold 49% of their company to UMG: ‘The battle lines in our industry have been redrawn.’

Universal Music Group confirmed its acquisition of a minority investment in [PIAS] earlier today

Record labels welcome UK competition authority report on streaming, as Merck Mercuriadis slams CMA for not using ‘powers they have to fix the problems they identify’

Streaming market study report receives mixed response from the music industry

Universal acquires 49% stake in independent music powerhouse [PIAS]

Deal follows the formation of a strategic global alliance between the two companies in June 2021

UK competition watchdog finds major record labels are not ‘making significant excess profits that could be shared with creators’

Competition and Markets Authority's final report published

The music industry isn’t ready for the AI revolution.

Fruits Music founder, Stef Van Vugt, believes that AI will create a major opportunity for ambitious companies to challenge the majors