Music Business News: United States

Dan Miller promoted to Director of Client Services at Downtown Music Services

David Labovitch also promoted to Content Operations Manager at the company

After taking its Electric Daisy Carnival to Roblox, Insomniac partners with Epic Games rival Unity to build metaverse world for virtual concerts

Companies plan to build a 'new, persistent metaverse world' where fans can watch virtual concerts

Every 2 hours, the major music companies now jointly generate more than $5 million

MBW crunches last year's fiscal numbers... and finds the majors piled on $4 billion in annual revenue

Sony Music buys minority stake in Walter Kolm’s WK Records

Sony previously acquired a 50% stake in Kolm's separate management company

From the United States’ $15bn revenue to Downtown’s $200m indie artist fund: It’s MBW’s Weekly Round-Up

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

Irving Azoff’s Iconic Artists Group buys bundle of rights from Nat King Cole estate

Deal encompasses a broad range of rights from Cole’s career

Now SoundExchange pulls out of Russia

SoundExchange has terminated its agreement with the Russian Organization for Intellectual Property (VOIS)

Stephen White joins EMPIRE as Chief Product Officer

White will oversee all data and technology at the company