Music Business News: United States

Spotify added 7m premium subscribers in Q3 – and has added 15m in 2022 to date

Spotify now expects to top 200 million subscribers by the end of 2022

$200m SPAC, The Music Acquisition Corp, files to liquidate early and delist shares from NYSE

Neil Jacobson's SPAC cites multiple reasons for delisting request

David Gorman named Creative Director at Exceleration Music

Gorman most recently worked as Global Catalog Programming Lead at Amazon Music

Jimmy Iovine and Finneas join $15m funding round for immersive content firm, YOOM

Company has now raised $50 million in total

Adidas terminates Kanye West partnership, talent agency CAA drops him as a client

Moves prompted by recent antisemitic statements made by the artist

Apple Music just raised its subscription price to $10.99 in the US. Will Spotify be next?

In the US, starting from Monday (October 24), an individual Apple Music subscription will go up by $1 per month

Merlin strikes multi-territory licensing deal with TikTok rival Kuaishou

Kuaishou claims to have more than 1 billion Monthly Active Users worldwide

Nearly $700m has been paid to songwriters and publishers by the MLC to date

The Mechanical Licensing Collective counts 22,000 members, after adding more than 6,000 in 2022