Music Business News: North America

Suno is generating more than $100M in annual revenue – and is in talks to raise more money at a $2B valuation

The company is currently generating more than $100 million in annual recurring revenue, Bloomberg said, citing sources.

From Spotify’s AI product plans to beatBread’s $100m global indie fund… it’s MBW’s weekly round-up

The biggest headlines from the past few days – all in one place

Too Lost has entered the chat…

Gregory Hirschhorn, CEO of company expected to surpass $100 million in revenue this year, gives his view on UMG/Downtown

Analysis News

What indie distribution bosses really think about UMG’s proposed acquisition of Downtown and FUGA

MBW polls opinion from an array of founders leading some of the world's top independent distribution and music delivery platforms

News

Avex Music Group unveils leadership team, establishes NYC office; introduces an East/West Coast structure as part of ‘sweeping’ expansion

Avex Music Group says it has 'entered an especially successful period' since Silverstein took over as CEO

News

FUGA extends partnership with classical music company Naxos

The expanded partnership adds strategic marketing, specialist YouTube services, product development, and more.

News

City of Hope honors Warner Records’ Tom Corson with Spirit of Life Award

Cher presented the award to the Warner Records executive, while Michael Bublé performed during the evening.

News

Spotify to develop ‘artist-first’ AI music products in partnership with Sony, UMG, Warner, Merlin, and Believe

Spotify plans to develop “responsible” AI music products in partnership with all three major music companies – Sony Music Group, Universal Music Group, and Warner Music Group – as well as indie music representative Merlin and independent music company Believe. The company stated that it is “making significant investments in AI research and product development” … Continued