Music Business News: North America

Universal Music Group finished 2022 worth nearly three times as much as Spotify

Warner Music Group is worth more than SPOT, too, following a troubling year for the streamer's investors

Copyright Royalty Board officially accepts new rates that will see songwriters paid more in the US over the next 5 years

The services which will be affected by / bound to the new CRB IV rates are: Amazon Music, Apple Music, Google / YouTube Music, Pandora, and Spotify

Justin Bieber nears $200m deal to sell music rights to Hipgnosis’ Blackstone fund (report)

Bieber has released six albums, the most recent of which was Justice, via Def Jam / Universal Music in March 2021

Nearly $50m has now been withdrawn by artists and participants using Sony Music’s Cash Out and Real Time Advances features

Sony publishes 2022 recap for Artists Forward

Video games maker John Carmack quits as Meta’s Executive Consultant for VR: ‘We have a ridiculous amount of people and resources, but we constantly self-sabotage and squander effort.’

Executive says 'this is the end of my decade in VR'

Round Hill: We’ve spent more than $200m across 40 acquisitions in 2022

Firm says 2022 was one of the most active acquisitive years in its 12-year history

Vevo DSCVR Artists To Watch 2023: Carol Biazin, Wesley Joseph, Ptazeta, Ice Spice

Completing the line-up of the VEVO DSCVR 2023 Artists To Watch list...

Duetti, a startup led by Tidal’s former COO, plans to buy and monetize independent artists’ rights – report

Startup raised $7m in a seed funding round in July