Music Business News: United States

Reservoir Media has spent over $695m on catalogs to date (and 5 other things we learned about the company from its new Investor Factsheet)

MBW fillets a new investor factsheet published by the publicly-traded firm

Seymour Stein, legendary co-founder of Sire Records who signed Madonna, The Ramones and Talking Heads, dies at 80

Sire was co-founded in 1966 with music producer Richard Gottehrer

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%