Analysis News From Universal’s TikTok deal to Blackstone’s bid for Hipgnosis Songs Fund… it’s MBW’s Weekly Round-Up The five biggest stories to hit our headlines over the past seven days…
Music Business Jobs Concord Concord – Licensing Associate (UK) Required: minimum of 2 years of synchronisation experience, preferably at a music publisher or record label.Job type: Licensing/RightsLocation: London, United KingdomApplications for this position have now closed.
Analysis News Universal Music Group generated $2.8 billion in Q1 – up 7.9% YoY UMG, which trades on the Euronext stock exchange in Amsterdam, has published its Q1 results (for the three months to end of March)
News SoundCloud launches ‘fan-powered’ Buzzing Playlists to spotlight up-and-coming artists The streaming service aims to address the "zero-plays problem" caused by a massive influx of new music
News John Lennon’s ‘Mind Games’ gets meditative remixes through Lumenate partnership Lumenate aims to make psychedelic therapy accessible to everyone through a smartphone app
News Sir Lucian Grainge confirms ‘greater compensation’ is coming from TikTok for UMG artists and songwriters MBW obtains memo from Sir Lucian Grainge to his employees, detailing new agreement with TikTok
Analysis News Universal Music and TikTok strike new licensing deal – including ‘improved remuneration’ for UMG artists and songwriters The announcement brings to an end a long-running licensing dispute between the two companies.
News The NMPA’s TikTok deal has officially ended. What does that mean for independent publishers in the US? “Music is essential to TikTok. As we have said, we are not engaging in an extension of our deal," said NMPA President & CEO David Israelite
News Primary Wave partners with Endel to create sleep and focus soundscapes from artists Endel boasts partnerships with the likes of Universal Music Group, Spinnin' Records, AWAL and Future Classic
News Reservoir Media plans $100M offering to fund acquisitions, debt repayment The move signals Reservoir's ambition to fuel further growth through acquisitions while reducing its debt
Analysis News India’s Tips Industries generated $7.6m in calendar Q1, up 22% YoY India-headquartered music and entertainment company Tips has published its financial results for calendar Q1
News Jill Weindorf and Joe Dent promoted to Executive Vice President roles at Concord Label Group The move is one of the first under newly appointed Chief Executive of Concord Label Group Tom Becci
Music Business Jobs SECRETLY GROUP Secretly Group – Office Assistant (US) Required: Excellent written and verbal skills, attention to detail and accuracy, and previous office manager experienceJob type: Assistant/PALocation: Los Angeles, United StatesApplications for this position have now closed.
Music Business Jobs CONCORD MUSIC Concord – Sync Marketing Coordinator (UK) Required: a minimum of 1-2 years of experience in the music industry or other relevant experience is preferableJob type: Licensing/RightsLocation: London, United KingdomApplications for this position have now closed.
News NetEase Cloud Music expands K-Pop library with JYP Entertainment partnership The China-based music streaming service says it will continue signing new partnerships to bring a wider range of music to its listeners