Analysis News Amazon starts making layoffs as part of expected 10,000 job cuts (report) Online shopping giant is expected to reduce its workforce by 3%
News Liberty Media SPAC to unwind with no takeover target SPAC went public on the Nasdaq Stock Exchange in January 2021
News Sound Royalties launches US West Coast unit led by StessCo’s Andrew Stess and David Blutenthal Partnership with StessCo will expand Sound Royalties’ existing team in Los Angeles
Analysis News YouTube Music and Premium surpass 80m paid subscribers That subscriber figure marks a 30 million increase on the last subscriber figure
News Mark Zuckerberg makes 11,000 layoffs at Meta Move was announced by Zuckerberg on Wednesday, November 9
Analysis News Labels asking TikTok for share of ad revenue in new deal talks (report) Bloomberg reports that the three majors are asking TikTok for a share of ad revenues in talks for new deals
News Universal lands exclusive global publishing deal with China’s RYCE spanning 700+ songs Deal also includes 'expansive' K-Pop song catalog rights across greater China region
News With no merger in sight, $200m SPAC, The Music Acquisition Corp, sets date for shareholder vote to liquidate Blank-check company foated on the New York Stock Exchange in February 2021
Analysis News From Live Nation’s 44m concertgoers in Q3 to Sony’s $2.15bn revenues… it’s MBW’s Weekly Round-Up Our biggest stories of the week, brought to you in association with Centtrip
News Curve Royalty Systems launches ‘Curve Lite’ platform for smaller labels, distributors and publishers Pricing for the new Lite tier of Curve's platform starts at GBP £20 per month, and is being targeted at independent record companies, music publishers and distributors.
News After teaming up with Sony Music Publishing to buy Ashley Gorley catalog, Domain Capital closes new $700m+ fund As of June 30, 2022, Domain managed approximately $8.4bn in total assets
News South Korean game publisher Com2uS buys $47m worth of shares in K-Pop giant SM Entertainment (report) Com2uS reportedly bought the shares between October 12 to October 31
News Music funding platform beatBread launches exclusive investor network New service lets music companies, distributors and 'high net-worth' individuals bid on catalog and new music projects
News Wise Music expands into Iceland, led by Inga Weisshappel Wise Music Iceland will operate as a JV between Edition Wilhelm Hansen and Bosworth Music
Analysis News Why ingesting 100,000 tracks a day may not prove sustainable for Spotify’s business in the long-term. Why it's worth keeping an eye on Spotify's hosting costs as over 100k tracks a day hit streaming platforms