Music Business News: United States

Why we believe streaming subscription ARPU fell by around 8% globally for the record industry last year

MBW runs the numbers from the IFPI's must-read new Global Music Report covering 2020

Global Music Rights partners with Entercom Communications in the US

Deal allows Entercom to perform GMR’s catalog of songs across all of its platforms

Sony Music Publishing inks worldwide partnership with South Africa’s Gallo Music Publishers

Catalog includes works by multi Grammy-award winning South African group Ladysmith Black Mambazo and reggae star Lucky Dube

A new catalog acquisition juggernaut is born, as BMG and KKR strike deal to jointly buy music copyrights

New acquisition heavyweight formed; MBW understands both parties will co-invest in rights

YMU Group launches YMU Arts, names Jori Teplitzky as Managing Director and Justin Blau Director of Strategy

New division will be exploring NFT-related opportunities for its clients

This Fiction Music and Spark Music Group launch Campfire Songs publishing JV

First signing is South African writer/producer duo, NOBLE

Global recorded music revenues grew 7.4% to $21.6bn in 2020, in spite of the pandemic

Paid subscription streaming revenues increased by 18.5% last year

Bob Valentine promoted to President of Concord, Kent Hoskins named CFO

He will continue to work with CEO Scott Pascucci to guide the company’s overall business strategy