Music Business News: United States

Kobalt ups spending power to over $1bn via new $450m revolving credit facility, plus a $266.5m raise via asset Securitization

Company said that these new transactions provide it 'with more than $1 billion to continue to grow and execute on its strategic initiatives'.

TikTok’s US growth stalls amid UMG dispute, competition, regulatory and e-commerce woes (Report)

The social media giant's efforts at e-commerce are backfiring with users, a news report says

MBW (and Skibidi Toilet) just inspired a flurry of TikTok music takedowns

TikTok took swift action over a list of videos that MBW identified as 'manipulating' UMG content

Global recorded music revenues grew 9.8% YoY to $35.1bn in 2023, says MIDiA Research

MIDiA estimates that streaming revenues reached $21.9bn in 2023

Universal, Republic launch Boombox music player on Roblox

Boombox will roll out first in TWICE Square, the Roblox experience inspired by K-pop girl group TWICE

Soundful founder and CEO Diaa El All: ‘There is a way to create disruptive technological advances in AI while keeping the integrity of artists’ rights at the forefront.’

Soundful founder and CEO Diaa El All shares his thoughts around copyright issues related to AI music

Down The Skibidi Toilet: Why Universal Music Group’s ‘Project Timeout’ is hitting TikTok with endless copyright takedown requests

There is a lot to explain here....

Record companies are better placed than streaming platforms to monetize superfans… and 3 other things Robert Kyncl said in his new Q&A

Warner Music Group’s CEO has some “radical” ideas on how to change how streaming services pay music rights holders