Music Business News: United States

Tunji Balogun named Def Jam Recordings Chairman and CEO

Balogun has worked with artists including Bryson Tiller, Childish Gambino, Goldlink, Khalid and Wizkid

Bill Ackman’s Pershing Square buys 7.1% of Universal Music Group

Not the most thrilling of music industry dramas, we'll grant you

Round Hill founder Josh Gruss establishes Berklee College scholarship fund with $1m Gift

The fund will support students majoring in Music Business and Management

The major music companies now turn over $2.5m every hour – and will generate more than $20bn between them this year

MBW's number-crunching tells us it's going to be a gangbusters year for the majors

From Sony’s Q2 revenue growth to Primary Wave’s stake in the Prince estate: It’s MBW’s Weekly Round-up

The biggest stories of the past five days – and why they matter

Major labels and publishers hit Charter Communications with $400m+ copyright infringement lawsuit

Charter is one of the largest ISPs in the US

Dan Goldberg joins sports apparel brand Fanatics as SVP, Music and Entertainment Development

Goldberg formerly spent 12 years at Warner Music Group

Primary Wave buys stake in Prince estate, encompassing publishing, master recording income and more

Company says it now holds 'the largest percentage interest in the estate'