Music Business News: Spain

From HYBE’s reported expansion plans to Martin Lorentzon’s Spotify stock cash-outs… it’s MBW’s Weekly Round-Up

The biggest stories from the past week – all in one place…

Italian-language music now part of the ‘$100M+ club’ on Spotify

Spanish-language music is also growing rapidly, the streaming platform says in the latest addition to its 'Loud & Clear' report

Universal’s GTS acquires Latin Music management company RLM

The company was founded by Rosa Lagarrigue in 1980

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