Music Business News: United States

From Warner’s lay-offs to Believe’s big buy… it’s MBW’s Weekly Round-Up

The biggest stories on MBW from the past seven days

Web3 and Me

Scott Cohen, CEO of JKBX and co-founder of The Orchard, on the future of the internet

Splice appoints David Ericksen as SVP of Product and Kevin Stewart as SVP of Engineering

Both executives will report to Splice CEO, Kakul Srivastava

Sir Lucian Grainge extends contract as Chairman and CEO of Universal Music Group for 5 more years

New deal begins after Grainge's current agreement ends later this month

The top 1,000 songs on YouTube’s TikTok rival Shorts saw more than 280bn combined views in January 2023

YouTube publishes new set of stats for its short-form video platform

Warner says its staff cuts will generate ‘savings’ of around $50m annually. Expect much of it to be reinvested in tech.

Company to reduce global workforce by about 4%

Disney shuts down metaverse division amid restructuring – report

Move affects around 50 employees, The Wall Street Journal reported on Tuesday (March 28)

Mike Smith to exit as Global President of Downtown Music Services; Emily Stephenson promoted to President, Publishing at Downtown Music

Jedd Katrancha also promoted to Chief Commercial Officer, Publishing