Music Business News: North America

BMI paid out nearly $1.5 billion to songwriters and publishers in the past year, up 10% YoY

Overall revenue (collections) jumped 16%, or by $212 million, to $1.57 billion, the company said Tuesday (September 13).

Confirmed: Tencent Music to go public in Hong Kong without raising new funds

Company confirms news reported earlier this week

Jennifer Knoepfle joins Universal Music Publishing Group as Executive Vice President and Co-Head of US A&R

Knoepfle joins UMPG from Sony Music Publishing, where she was most recently SVP, Creative

Steven Gringer promoted to Vice President of A&R at PULSE Music Group

Gringer was previously Senior Creative Director, PULSE Music Group

Troy Carter’s Venice Music opens up to more indie artists with new subscription model

Company is opening up its platform to a wider scale of artists through new subscription plans

Round Hill acquires music royalty interests of legendary producer Bruce Fairbairn

He worked with Bon Jovi, Aerosmith, AC/DC, Van Halen and more

Peloton co-founders John Foley and Hisao Kushi exit; Karen Boone named as new Chairperson of the Board

'Their impact will resonate long after their departure,' Boone said

Concord turned down a $5bn+ acquisition offer. It explains why – and where it’s going next.

Concord CEO, Scott Pascucci, and President, Bob Valentine, map out an "aggressive" next five years for the US company