Music Business News: United Kingdom

DistroDirect expands global reach with key hires in India, US, UK and Latin America

"Developing key relationships in local markets drives better outcomes for artists," CEO Andy Irvine says

Radio promotion firm Your Army’s US division absorbs Strange Loop Promo

"Joining forces in this way puts us in a position to service the needs of an even broader array of world-class artists all under one roof"

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AI music tech startup Bronze raises $1.3m from Disclosure, Method Music, September Management and more

London-based audio technology start-up Bronze has closed a $1.3 million pre-seed round

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Mahogany signs partnership with Believe as it prepares to launch distro service for DIY artists

Mahogany says it plans to launch distro service Mahogany Songs within the next few months

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Sylvia Coleman steps down as Non-Exec Director of Hipgnosis Songs Fund

Coleman was appointed as a non-executive director in November 2019

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MSG scraps plan to build Vegas-style Sphere in London, calls it a ‘political football’

Despite cabinet efforts by cabinet minister Michael Gove to get the project going, MSG has made it clear it won't move forward with the venue

Analysis News

More price rises… now? Spotify price hike helped drive a 9.8% YoY jump in UK music subscription spending in 2023

July 2023 marked the first time in its 15-year history that Spotify increased its flagship subscription price point in the UK (and many other territories). Since that point, an individual monthly Premium subscription to Spotify in the UK has cost GBP £10.99, as opposed to its previous price of £9.99; the platform’s Family Plan tariff … Continued

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Rough Trade expands to Liverpool with its largest UK store

The move comes ahead of the retailer's planned launch of a flagship store in Berlin