Music Business News: United States

Warner strikes ‘milestone deal’ with YES, buys recorded music rights to band’s Atlantic Records catalog

YES have sold more than 30 million albums worldwide

Spotify to slash over 500 jobs worldwide, as Dawn Ostroff exits streaming platform

Alex Norström, currently Chief Freemium Business Officer, and Gustav Söderström, currently Chief Research & Development Officer, upped to co-Presidents

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Patrick Moxey files counterclaim against Sony Music in legal feud over use of ‘Ultra’ name

Entrepreneur argues that his publishing company's use of the Ultra name is distinct from Ultra Records' trademark

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From Flo Rida’s $82.6m legal victory, to the landmark streaming fraud investigation in France… it’s MBW’s Weekly Round-Up

Our biggest stories of the week, brought to you in association with Centtrip

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TuneCore renews and expands partnership with UK-based publishing administrator Sentric

TuneCore Publishing Administration has paid over $100m to songwriters since 2012

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Google parent Alphabet to slash global workforce by 6%, with 12,000 workers to be laid off

Tech giant become latest to axe substantial number of its employees

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Amazon Music raises standard monthly subscription price from $9.99 to $10.99. (Spotify, so far, still refuses to do the same.)

Amazon had over 80 million paying music subscribers last year, according to Midia Research

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Avex USA launches Blue Suede Records label JV with TikTok star Ari Elkins

Elkins has amassed over 1.9m followers on TikTok