Music Business News: United States
News Group revenue climbed 10.2% YoY in Q2 to 705.6 billion South Korean won, while operating profit jumped 29% YoY to 65.9 billion won.
News Cheryl James and Sandra Denton told Good Morning America co-anchor Robin Roberts that UMG removed their music from streaming platforms.
News The latest figure marks a 362.5% jump from the 16 million viewers who watched the same festival on TikTok in 2023, according to TikTok data.
News MBW has confirmed details of this potentially precedent-setting deal, which could reshape the music industry's approach to generative AI licensing.
News Sony Music claims Napster has been delinquent on payments for over a year while collecting subscription fees from “millions of paying users.”
News Reservoir highlighted its entry into immersive entertainment with an investment into London-based Lightroom
News The new entity will operate as a single company with over 170 employees, over 250 stores, and operations spanning from Boston to Long Beach.
News This year’s Lollapalooza featured Sabrina Carpenter headlining the T-Mobile main stage on Sunday, with surprise guests Earth, Wind & Fire, and A$AP Rocky.