Music Business News: Spain

Spanish society SGAE distributed $378m to its members in 2024, as annual collections reached record $422m

SGAE reports highest annual revenues in 125-year history

Spain generated nearly half a billion dollars from streaming in 2024, as total recorded music revenues rose 9.42% YoY

Market's total revenues reached EUR €568.8 million in 2024

ATG expands into Spain via acquisition of theater operator SOM Produce

SOM Produce sells over 750,000 tickets annually

Bell Partners and Larrosa form strategic alliance, backed by $350m in investments, to acquire music catalogs and companies

Bell Partners was founded by veteran writer, producer and executive Hayden Bell

Colombia’s Dinastia takes a minority stake in music tech company SonoSuite

Dinastia was already a client of SonoSuite, making the investment a strategic fit

Alicia Arauzo and Luis Fernández appointed Co-Managing Directors of Universal Music Spain

Madrid-based execs will report directly to Jesús López, Chairman/CEO of Universal Music Latin America & Iberian Peninsula

Narcís Rebollo named CEO & President of Universal’s Global Talent Services, as Latin-focused company becomes standalone global division within UMG

Rebollo to oversee GTS' global operations and divisions in the US, Latin America, Spain, and Portugal

Spain’s recorded music industry revenues reached $269m in H1, up 16.6% YoY

Music streaming revenues in Spain grew 19.1% YoY