Analysis News Spotify says it can hit 1bn users globally by 2030. But its MAU growth is slowing in Latin America. MBW analysis shows that Spotify's LatAm MAU growth was smaller in 2021 than it was in 2020
News Zara Larsson buys back recording catalog, launches new Sommer House label Larsson's catalog has been streamed over 9 billion times
News Web3 music investment startup anotherblock raises $2.5m The round was led by Inventure, a Nordic Venture Capital firm
News TuneCore overhauls pricing to offer unlimited music distribution for a single annual fee – laying down gauntlet to rivals like DistroKid TuneCore’s new Unlimited release program lets artists distribute as many releases as they like for an upfront annual fee
News PPL CEO Peter Leathem re-elected to the Board of global trade body SCAPR Exec was re-elected to the Board for a second four-year term
News The Weeknd partners with Binance for ‘first crypto powered world tour’ Binance to release exclusive NFT collection, along with co-branded tour merchandise
News Music marketplace BeatStars has paid out $200m to creators to date Payout update was revealed by founder Abe Batshon on Twitch on Wednesday (June 1)
News B2B music firm Tuned Global to power Gabb Music streaming app for kids in the US App is powered by Tuned Global’s white-label streaming technology
News IFPI inks ‘landmark’ agreement with UAE Ministry of Economy ‘to support local recorded music’ MoU was signed during IFPI’s Global Main Board meeting in Abu Dhabi
News Music-for-retail company Vibenomics raises $12.3m in Series B Funding Round was led by Panoramic Ventures
News Jason Allen promoted to Senior Director of Infrastructure Operations at TuneCore Allen has been integral in building the company’s infrastructure team, says TuneCore
News Matt Pincus’ MUSIC raises $200m, as it eyes record label, publishing, tech and Web3 investments JS Capital Management and Schusterman Family Investments join Liontree to partner with Pincus
News Sony Music joins $7.5m funding round for royalty-free music startup Slip.stream Latest round brings company's total raised to $10.75 million
News Justin Timberlake sells song catalog to Hipgnosis and its $1bn-backed Blackstone fund Hipgnosis buys 100% of all of Timberlake’s copyright, ownership and financial interests of the Writer and Publisher’s Share of Public Performance income, and the catalog of musical compositions written by Justin Timberlake.
News Sony Music to expand unrecouped balance program to more artists and songwriters Sony Music is extending the program on a rolling basis