Music Business News: United States

UMG’s East Coast labels officially restructured via ‘Republic Corps’; Def Jam, Island, Mercury, Republic will operate ‘independently’ while tapping into ‘integrated departments’

Jim Roppo named President and Chief Operating Officer of Republic Corps reporting directly to Monte Lipman and Avery Lipman

News

Interscope Capitol Labels Group names key executive positions and leadership roles

UMG's frontline label groups in the US, Interscope Geffen A&M and Capitol Music Group, have been consolidated under the new name of Interscope Capitol Labels Group (ICLG)

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AI-powered beat generator SOUNDRAW raises $3m from investors including Eminem manager Paul Rosenberg

The company recently saw an uptick in interest thanks to a viral parody ad for a fictional pizza company

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Interscope Capitol Labels Group bolsters Pop/Rock and Urban teams in Interscope Geffen A&M division

Announcement follows the news that UMG's frontline label groups in the US, Interscope Geffen A&M and Capitol Music Group, are now officially consolidated under the new name of Interscope Capitol Labels Group

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Bill that could ban TikTok in US moves forward, as Biden says he will support it

Bill is headed for a full House vote this week

Analysis Blog

Music streaming today is like an all-you-can-eat buffet. How much could artists earn with a ‘free market’ model?

The following op/ed comes from Roneil Rumburg, Co-Founder and CEO of blockchain-powered music platform Audius

News

Gary Kelly and Jason Kawejsza promoted to key roles at Interscope Capitol Labels Group

Kelly appointed Chief Revenue Officer and General Manager; Kawejsza named Executive Vice President, Head of Business & Legal Affairs

Analysis News

This d4vd track recorded on BandLab’s free app just surpassed 1 billion streams on Spotify

Track has been streamed over 43.3 million times on Spotify in the past month