Music Business News: United States

Analysis News

Robert Kyncl talks Believe, M&A, India, superfans and more on WMG’s latest earnings call

WMG says it's the only one of the major to grow market share in India and Sub-Saharan Africa last year

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Avex USA makes strategic investment in Brandon Silverstein’s S10 Entertainment

Avex USA is the US division of Tokyo-headquartered entertainment giant Avex

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Apple Music launches ‘Apple Music Partner Program’ for labels and distributors, including ‘premium’ data analytics tools

New program is available initially for a limited number of record labels and music distributors in the US

Analysis News

Downtown secures $500m credit agreement from Bank of America for indie artist advances

“Downtown is at the center of a major shift in the music industry," said Downtown Music CEO Pieter van Rijn

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After raising $250m for acquisitions, Cinq Music buys catalog of producer Flow La Movie

The acquisition comes more than three years after Flow La Movie died in an airplane crash

Analysis News

Warner Music Group generated $1.49bn in calendar Q1; subscription streaming revenues rose 13.5% YoY

Warner Music Group has issued its financial results for the three months ended March 31, 2024

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Music startup Mogul surpasses $100 million in tracked royalties in three months since launch

Mogul acts as a central financial hub for artists and creatives, giving users a comprehensive view of their income streams

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Concord bows out of Hipgnosis bidding war, saying its $1.51bn offer is ‘final and will not be increased’

The race to acquire UK-listed Hipgnosis Songs Fund has taken a turn today (May 9) as Concord announces that it will not raise its latest offer – leaving global investment firm Blackstone as the frontrunner in the ongoing takeover battle. The bidding war for Hipgnosis Songs Fund (HSF), a company boasting a vast music catalog, … Continued