Music Business News: United States

ZEPETO has built a user base of 400 million on the strength of its virtual fashion marketplace

The five biggest stories to hit our headlines over the past seven days…

MBW co-sponsored event alongside Splice, SoundCloud, Mark Music + Media Law, BMI, UBS, and Endurance Artist Management.

The company has raised its outlook for full-year revenue and adjusted EBITDA, in the wake of "strong revenue growth"

Kyncl is planning 'as much automation as possible,' and more lobbying for higher prices at music streaming services

A lawsuit against BMI by Audacy could have caused BMI and New Mountain "to abandon the merger altogether"

That's around 24 times what TikTok paid music rightsholders last year (which in itself isn't a fair comparison)

Deal has received the necessary shareholder and regulatory approvals required for closing