Music Business News: United States

Official: Latin music surpassed $1 billion in US recorded music revenue in 2022 (and claimed an 8% market share of streaming revenues)

According to data released today (April 12) by the RIAA, total revenues generated by Latin music in the States came in at just slightly below $1.09 billion last year, an increase of 23.8% YoY from 2021

Analysis News

Sony Music and Ultra Records sue dance label over ‘unauthorized’ version of 2014 hit Dancin, which has over 200m streams on Spotify

Suit was filed in Colorado on Monday (April 10)

Analysis

Analysts are starting to believe that AI may be an existential threat for the major labels. Is that overly pessimistic?

Why the majors' market share is stronger than you might think – just as so-called virtual idols come to prominence in China

News

Global music streams crossed the 1 trillion mark in just three months this year – a new record

Music listeners have cumulatively spent roughly 960,000 years streaming music so far this year, according to Luminate

News

After raising $100m last month, Multimedia Music acquires catalog of Hollywood composer Trevor Morris in eight figure deal

Company has deployed over $120m on acquisitions since launching 15 months ago

News

Cordae launches HI-LEVEL Publishing JV with PULSE Music Group

Cordae to head up new company, HI-LEVEL Publishing

Analysis

Songwriters and artists refuse to be pitted against each other.

David Israelite, President & CEO of the National Music Publishers' Association (NMPA), on what songwriters get paid from concert ticket sales in the US market

News

YouTube Music rolls out Spotify-like real-time lyrics on mobile

The update was spotted by multiple Reddit users, who report that the lyrics are being powered by Musixmatch