News From Warner’s lay-offs to Believe’s big buy… it’s MBW’s Weekly Round-Up The biggest stories on MBW from the past seven days
News Trouble in Utopia? As firm offloads Sentric to Believe, tax debt looms and employees go unpaid in Sweden Trouble is brewing for the headquartered tech and artist services company in Sweden
News Believe blasts into publishing, buying $51m-valued Sentric Believe is acquiring full ownership of Sentric, which was held by Utopia since February 2022
Analysis News Believe has cash ‘firepower’ for acquisitions in 2023. What’s it going to buy? Company published its full-year financial results on March 15
News From Believe’s $800m in annual revenues to HYBE ending its SM Entertainment takeover bid… it’s MBW’s Weekly Round-Up The biggest stories on MBW from the past seven days
Analysis News Believe generated $800m in annual revenues in 2022, up 31.8% YoY Company's full-year financial results were published on Wednesday, March 15
News Believe generated €1bn in Digital Music Sales last year DMS is the revenue generated from digital store partners and social media platforms before royalty payment to artists and labels
News Now Believe muscles in on majors in Germany Believe says it was the third largest company in the German music streaming market based on local repertoire in 2022, behind Universal Music Group and Sony Music
Analysis News TikTok, Meta, Russia, and 37% growth: 5 things we learned from Believe’s Q3 earnings call Denis Ladegaillerie and Xavier Dumont tackle analyst questions, hinting at future trends in the business
Analysis News Believe’s revenues jumped by 37% YoY in Q3. It’s just raised its FY forecast for the second time this year. Believe is on course to turn over more than €750 million this year, up by around a third vs. 2021
News Believe makes series of leadership hires and promotions in Southeast Asia Believe says that these new executive appointments 'are central to capitalize on the growth trajectory across the region'
Interviews ‘I would never just show up at the party just because there’s an invitation; I have to believe I can make a contribution’ Legendary producer Daniel Lanois on his role in U2's global breakthrough, two of Bob Dylan's career highlights and the importance of trust
News Béatrice Dumurgier appointed Chief Operating Officer of Believe Exec "has a proven track record of successfully steering and scaling businesses", says Believe
News Some music companies are nervous about a ‘challenging economic climate’. Believe just increased its FY revenue forecast for 2022. Believe's group revenue growth in H1 was up 35.4% YoY to €352.2 million.
News Believe CEO accuses major record companies of lobbying streaming platforms to lower royalty rates for DIY artists Majors are pressuring the likes of Spotify to give superstars better rates, says French exec – and he doesn't love it