Music Business News: United States

Amazon’s music streaming division hit with round of layoffs

Online retail and technology giant Amazon has reportedly started making layoffs in its music unit

Music funding platform beatBread launches advances of up to $3m for songwriters, hires BMG’s Spencer LeBoff

LeBoff joins as General Manager of Publishing

Mike Chuthakieo appointed Chief Revenue Officer at 88Rising

He joins 88rising from Pinterest

Elliott Peters promoted to General Counsel at EMPIRE

Peters was previously EMPIRE’s Senior Vice President of Global Business

Sony generated $2.33bn from recorded music and publishing in calendar Q3, up 8.3% YoY

Travis Scott's Utopia was Sony Music's biggest revenue-generating project globally in calendar Q3

Taylor Swift is Apple Music’s Artist of the Year for 2023

Swift saw 65 songs reach Apple Music’s Global Daily Top 100 in the first 10 months of 2023

SiriusXM launches $9.99-a-month Spotify challenger

SiriusXM unveils new streaming app and 'Streaming All Access Plan' for $9.99 a month

The season of digital platforms tipping new artists for 2024 is now upon us – and Vevo is first out of the gate.

Vevo unveils 2024 DSCVR Artists to Watch list as it celebrates 10 years of flagship acceleration platform