Analysis News Rob Stringer says music streaming fraud ‘is a problem that must be eliminated’, calls for better payouts from short-form video platforms Sony Music Group Chairman covers various key industry topics in presentation to Sony Corp investors
Analysis News There are now 120,000 new tracks hitting music streaming services each day A total of 10.08 million new songs uploaded to the likes of Spotify, YouTube Music and other music streaming services in the first three months of the year alone
News Kilometre Music Group acquires catalog of Grammy Award-winning songwriter Tourist, secures $50m credit facility with Pinnacle Financial William Phillips (pka Tourist) co-wrote Sam Smith’s Grammy-winning hit 'Stay With Me'
News UK-based AI music firm DAACI buys two music tech startups to develop ‘the ultimate creative AI ecosystem’ Company has acquired music technology startups MXX and WiSL
News CD Baby ends distribution of vinyl and CDs to focus on streaming CD Baby to close warehouse and end physical distribution service
News SoundCloud, chasing profitability, cuts another 8% of employee headcount The news was confirmed today (May 23) in an internal memo to staff from SoundCloud CEO, Eliah Seton, obtained by MBW
News Warner CFO Eric Levin: music streaming business is ready for recurring price increases Exec discussed streaming prices during a Q&A session at JPMorgan’s Global Technology, Media and Communications Conference on May 22
News Universal partners with generative AI startup Endel to create ‘AI-powered, artist-driven functional music’ Companies will use Endel’s proprietary AI technology to let UMG artists "reimagine" their music and create "science-backed soundscapes"
News BandLab raises another $25m, valuing music creation company at $425m Series B1 was led by existing investor Cercano Management
Analysis News Who owns Universal Music Group today? Music Business Worldwide digs into the numbers behind the institutional shareholders of the largest company in music rights
Analysis News TikTok is starting to look more and more like SoundCloud TikTok music strategy moves up a gear with new music discovery hub, and exclusive deals with indie artists
Interviews ‘Right now, it’s us against maths, isn’t it?’ MBW interviews Pete Simmons, Universal Music Publishing Group’s UK Head of A&R
Analysis News Meet the virtual artists backed by some of the world’s biggest entertainment companies Music companies are jumping into the virtual-artist space in a big way
News Ditto Music, edging towards 1m registered artists, goes on hiring spree to fuel international expansion Brothers Lee and Matt Parsons continue to fully own UK-born global distribution and services platform
News ‘Irresponsible and offensive’: NMPA’s David Israelite does not like IMPALA’s new report on the ‘music streaming pie’. At all. Publishers' association chief calls report questioning slices of revenue pie "irresponsible and offensive"