Music Business News: Europe

Nigel Elderton named Chairman of UK collection society PRS

Respected exec is entering his 25th year with peermusic, after being appointed UK MD in 1992

Ed Sheeran storms to global Spotify No.1 AND No.2 with 23m streams in 48 hours

Sheeran the most-streamed artist in the world as Shape Of You leads Castle On The Hill

Downtown Music Publishing launches JV with the Invisible Men

First signing at new venture is Zayn collaborators Saltwives

UMG France exec Alexandre Deniot named Midem Director

Deniot replaces Bruno Crolot who left after five years in July 2015

SoundCloud ‘may run out of cash this year’ as it posts €51m loss

Average wage at Berlin-based company topped €90k last year despite perilous financial position

Streaming pumps £419m into UK’s growing recorded music business

Industry's retail worth jumps 4.6% despite downloads crashing 27%

And the biggest British debut album of 2016 is… hang on, what?

Bradley Walsh outsells Skepta, Biffy Clyro and Zayn with Chasing Dreams

Google mulling SoundCloud buyout, say whispers – as Sony and Universal’s stakes are revealed

Document reveals majors' ownership stakes as the big G comes a'knocking...