Music Business News: Europe

From Utopia Music downsizing its workforce to Warner’s $1.5bn in calendar Q3… it’s MBW’s Weekly Round-Up

Our biggest stories of the week, brought to you in association with Centtrip

Utopia Music makes layoffs as it downsizes global workforce

MBW understands that Utopia's global team numbers 1,200 people. That figure includes both contractors and around 800 employees.

BMG buys recordings catalog of German pop-rock band Fools Garden

Band's global hit Lemon Tree has sold six million copies

FUGA forms partnership with electronic label group Insomniac Music Group

Insomniac houses a number of labels in the electronic music space

Raoul Chatterjee joins UK-based vinyl platform elasticStage as Chief Operating Officer

Startup raised £3.5m in a seed funding round earlier this year

Universal just launched its own streaming service for classical music via Deutsche Grammophon

A subscription for STAGE+ will cost EUR €14.90 per month, or €149 per year

‘What I would say I’m proudest of at ADA is the culture. There’s a way in which we do things that, when people join us, they sign up to.’

Howard Corner, Managing Director of ADA at Warner Music UK, is celebrating 30 years in the music industry, and nearly a decade at the helm of Warner UK’s Artist and Label Services division.

Are creators being used as cannon fodder in the NFT game?

The following MBW op/ed comes from PPL CIO Mark Douglas.