Music Business News: Brazil

Deezer signs strategic partnership with Brazilian Netflix rival Globoplay

Globoplay’s users can subscribe to Deezer Premium for free for 12 months

Sony Music is buying Som Livre, Brazil’s biggest homegrown record label, for $255m

MBW forecast a nine-figure buyout for Som Livre last month on these very pages

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 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