Music Business News: Sweden

Spotify’s mission statement is preposterous. Its latest announcements prove it.

Drilling behind the numbers released by Spotify last week, to discover the hard truth

Interviews News

Warner Chappell expands JV with Sweden-based Lilly Raye Music, strikes new partnerships with Tommy Brown, Parx Publishing

Lilly Raye Music is a management company and publisher founded by US music executive Edward Matthew

Song data startup Session, founded by Max Martin, ABBA’s Björn Ulvaeus, and Niclas Molinder, acquired by royalty platform Salt

Björn Ulvaeus will join Salt’s board

Spotify doubles down on short-form video content with new ‘Clips’ feature

Spotify Clips lets artists add videos of up to 30 seconds long to their artist profiles

BMG strikes partnership with Sweden-based artist management company Scandinavian Talent Management

STM specializes in music supervision, music publishing, and live events

Tuned Global acquires AI-powered music tech and DJ app company Pacemaker

Pacemaker holds several patents for its proprietary AI technology

Major record company market share on Spotify fell again in 2022, as indie tracks flooded the service

Companies including TuneCore and parent Believe are eating into market share that was traditionally held by larger companies

Spotify wipes vacancies from global jobs board as hiring freeze hits after 500+ layoffs

Music streaming company is reducing its global workforce by 6%