Music Business News: North America

Can you feel the love tonight? Spotify and fellow music streamers strike agreement with publishers for 15.35% go-forward royalty rate in the US.

NMPA, DiMA and songwriter group NSAI send joint proposal to CRB – and avoid a costly legal war

Repost is the cornerstone of SoundCloud’s artist services business. Repost’s founder just left SoundCloud.

SoundCloud acquired Repost in May 2019 for around $15 million

New blank check company files for $200m IPO, led by same team behind SPAC that took Anghami public

SPAC is led by Jacob Cherian, the Co-CEO and a director of Anghami

Snap Inc. to reduce workforce by approximately 20%

Evan Spiegel, CEO Snap Inc., sent a note to employees on Wednesday (August 31) confirming the news

Half of APAC listeners use social media for music discovery, a win for TikTok and its music-streaming foray

APAC music discovery stats revealed in new report from US market monitor Luminate

Six months after selling to Epic Games, Bandcamp is bringing back ‘Bandcamp Fridays’

Nearly 800,000 fans have participated in the Bandcamp Fridays program since March 2020

Concord is at the bidding table for Pink Floyd’s catalog bundle (which doesn’t include music publishing rights)

US-based company is back on the acquisition trail after buying Native Tongue and HitCo

BLACKPINK’s virtual concert on PUBG MOBILE was watched by 15.7m viewers

Video marked the first time BLACKPINK have appeared in avatar form for a music video