Music Business News: Brazil

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

Warner’s ADA Latin inks global deals with several prominent Latin music labels and artists

Among them are EDM veteran Toy Selectah’s Worldwide Records and Los Angeles indie label Cosmica Records

Another nine-figure music industry acquisition is coming… and it’s Brazilian

MBW understands that Som Livre is attracting interest at a $250m-plus valuation

Symphonic Distribution expands into Brazil

Ian Martini Bueno joins company as Head of Brazil Operations

Brazil-based publisher Rocking Gorillas joins IMPEL

Rocking Gorillas was set up by music industry veteran John Telfer

Sony Music Brazil launches accelerator program to drive AI developments in the market

Focus will be identifying music solutions powered by AI and ML that can support artist career development and fan experiences

Dominique Casimir takes charge of BMG’s publishing and recorded music operations outside North America and the UK

Exec adds Australia, China and Latin America to her global remit

Multiple ‘fake stream’ sites shut down in Brazil

Closures follow action from Pro-Música Brasil, Brazilian anti-piracy body APDIF, and the Brazilian police