Music Business News: North America

Every 2 hours, the major music companies now jointly generate more than $5 million

MBW crunches last year's fiscal numbers... and finds the majors piled on $4 billion in annual revenue

Sony Music buys minority stake in Walter Kolm’s WK Records

Sony previously acquired a 50% stake in Kolm's separate management company

From the United States’ $15bn revenue to Downtown’s $200m indie artist fund: It’s MBW’s Weekly Round-Up

The biggest stories from the past week – and why they matter

Irving Azoff’s Iconic Artists Group buys bundle of rights from Nat King Cole estate

Deal encompasses a broad range of rights from Cole’s career

Now SoundExchange pulls out of Russia

SoundExchange has terminated its agreement with the Russian Organization for Intellectual Property (VOIS)

Stephen White joins EMPIRE as Chief Product Officer

White will oversee all data and technology at the company

B2B streaming platform Tuned Global teams up with AI music company Musiio for API integration

Tuned Global’s clients now have access to Musiio’s AI technology

Alison Moore and Kelli Turner join Board of Directors at Downtown Music Holdings

Alison Moore is CEO of Comic Relief USA, while Kelli Turner is CFO of Sun Capital Partners