Music Business News: Australia

Virgin Music Group combines Virgin Music and Ingrooves Music Group into united global operation

Virgin Music Group will be organized into five key regions, with country leaders reporting to newly appointed regional leaders

BMG acquires recording catalog of Australia’s Dope Lemon from creator Angus Stone

Dope Lemon has amassed over 450 million streams

Spotify gives Premium subscribers access to 150,000+ audiobooks, and 15 hours free listening per month

New offer to launch in the UK and Australia on October 4, with a later rollout in the US

From Ed Sheeran’s copyright victory to Songtradr buying Bandcamp… it’s MBW’s Weekly Round-Up

The five biggest stories to hit our headlines over the past seven days

Jet, rock band behind ‘Are You Gonna Be My Girl’, strikes ‘landmark’ catalog deal with BMG

'Jet are a generation-defining band,' said Heath Johns, BMG President, Australia, New Zealand and South-East Asia

‘Our plan is to further build Mushroom as a global independent powerhouse.’

MBW’s World Leaders series speaks to Mushroom Group CEO Matt Gudinski

Songtradr becomes largest shareholder in music credits firm Jaxsta, holding a 14% stake

Songtradr raised its stake in Jaxsta after converting its Tranche #1 convertible bonds into ordinary shares, according to a filing by Jaxsta on the Australian Stock Exchange

Alli Galloway appointed Chief Marketing Officer at Jaxsta, Jessy Trengove named Chief Product Officer

Galloway will be joining newly appointed Chief Executive Officer, Josh Simons, and Chief Financial Officer Jorge Nigalioni in the company’s updated C-Suite.