News Watch out YouTube, Spotify’s considering adding full-length music videos to its app (report) Bloomberg reports that Spotify is in discussions to test full-length music videos in its app
Analysis News Meet Ripple: TikTok parent’s new AI-powered music-making app that can turn a hummed melody into a song ByteDance's free-to-use music production app features: a 'Melody to Song' generator and a virtual recording studio
News Canva inks deals with Warner and Merlin to let creators use songs in their content Canva has built a user base of around 135m
News Steven Spielberg’s Amblin Partners sells 50% stake in music library to $200m-backed Multimedia Music Transaction includes the rights to the soundtracks of numerous movies, including 1917, The BFG, Bridge of Spies
News $500m-backed Litmus Music acquires music rights from Benny Blanco Litmus was launched by music industry veterans Hank Forsyth and Dan McCarroll with Carlyle Global Credit
Analysis News Snafu launches AI-powered ‘Snafu Song Fund’ financing for indie artists backed by $7m round led by Pophouse Entertainment New funding round also saw participation from music manager Marc Jordan through his investment fund Blue Amber Investments
News African music streaming service Mdundo forecasts 35% MAU growth in upcoming fiscal year Mdundo said it expects to hit 35 million MAUs in FY 2023-2024
Analysis News Exclusive: Scooter Braun wanted to sell Taylor Swift her masters. What happened? If you were gripped by MBW's investigation into this saga last week... buckle up
News BMG acquires Paul Simon royalty streams from Simon & Garfunkel recordings in ‘significant transaction’ Deal does not cover Simon's work as a solo artist
Analysis News The US recorded music industry grew by $500m on a wholesale basis in 2022. The US music publishing industry grew by nearly double that amount. Boosted by CRB result and record performance income, the US music publishing industry flew last year
News Sacem’s revenues jumped 34% to $1.49bn in 2022. How did that compare to other leading PROs? Sacem paid out €1.056 billion ($1.112 billion) to authors, composers and publishers worldwide in the year, marking a 19% YoY jump
News Motown Records strikes metaverse partnership with Second Life and music for games platform STYNGR Partnership includes virtual venue and dedicated Motown Records radio station in Second Life curated by Motown and STYNGR
News Jason Ellis joins Armada Music as Global Senior A&R Director Ellis will also serve as an Acquisition Consultant for BEAT Music Fund
News TikTok plans to invest ‘billions of dollars’ in Southeast Asia Company's CEO was speaking at a forum organized by TikTok in Singapore
News Hasbro secures exclusive global admin deal with Sony Music Publishing for Peppa Pig, Transformers and more Partnership will see Sony Music Publishing representing Hasbro's global catalog