Music Business News: United States

From UMG’s 13.3% YoY revenue growth in Q3 to Spotify’s 7m new subscribers… it’s MBW’s Weekly Round-Up

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

Lil Durk teams up with Exceed Talent Capital to offer ‘IPO’ of upcoming music

Company claims to let artists 'create a legally compliant IPO of their work'

After closing $325m deal, HarbourView appoints music biz veteran Palisa Kelley as MD

Kelley joins HarbourView from music industry law firm Selverne Kelley Bradford,

Universal generated nearly $1 billion from subscription streaming in Q3, as overall revenues grew 13.3% YoY

UMG published its financial results for the three months to end of September 2022

Global songwriter royalty collections topped $10bn in 2021, but were still below pre-pandemic levels

CISAC has published its Global Collections Report 2021

Shamrock, the investment firm that bought Taylor Swift’s masters, sells minority stake

'Passive minority equity interest' acquired by RidgeLake Partners and Bonaccord Capital Partners

Ingrooves wins third patent, for AI tech to predict TikTok trends that can translate into upticks in streams

Tech claimed to detect opportunities from UGC content trends across TikTok, YouTube Shorts, and Instagram Reels

Shawnae Corbett-Rice promoted to SVP Of Marketing for Warner Records

Exec has worked closely with artists such as Saweetie, Chika, Wale, NLE Choppa, Baby Tate, Andra Day, and more