Music Business News: United States

UK music licensing company PPL reports revenues of $347.7m for 2021, up 12% YoY

£252.8m ($348m) is second highest annual revenue total for PPL

After returning as an NFT platform, LimeWire strikes first major label deal with Universal Music Group

LimeWire says UMG artists can now use its platform to sell NFTs directly to fans and collectors

From Sony and Warner’s calendar Q1 results to TikTok’s A&R recruitment drive: It’s MBW’s Weekly Round-Up

The biggest stories from the past week – and why they matter

At $4.9bn, Peloton’s market cap value has plunged to just 10% of what it was in January 2021

Stat Of The Week: Spotify isn't the only music-related tech giant with a rapidly sinking share price

Ghostly International and Secretly form All Flowers Group

All Flowers Group will be the parent company of Ghostly and the newly launched hip-hop and r&b label, drink sum wtr

Warner’s ADA Worldwide forms JV with independent label and creative agency, Big.Ass.Kids

Company was founded by le’Roy Benros in 2021

As ByteDance IPO rumors resurface, TikTok hires for A&R execs in London and LA to ‘sign’ new artists

Job ads for A&R Managers pop up in London, Los Angeles and Sao Paulo (Brazil).

The Chainsmokers are giving away a share of their streaming royalties for free, via Justin Blau’s NFT platform Royal

Royal says The Chainsmokers will be making 5,000 NFTs that represent a collective 1% of their new album’s streaming royalties