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From the United States’ $15bn revenue to Downtown’s $200m indie artist fund: It’s MBW’s Weekly Round-Up

The biggest stories from the past week – and why they matter

Irving Azoff’s Iconic Artists Group buys bundle of rights from Nat King Cole estate

Deal encompasses a broad range of rights from Cole’s career

B2B streaming platform Tuned Global teams up with AI music company Musiio for API integration

Tuned Global’s clients now have access to Musiio’s AI technology

Downtown launches $200m fund to invest in independent artists and entrepreneurs

Fund is supported by a new credit facility with Bank of America

We’ve come a long way together, and it’s just the beginning…

Mitch Glazier, CEO and Chairman of the RIAA, writes an exclusive op/ed for Music Business Worldwide on 2021's figures

With $15bn in revenue, 2021 was the US record industry’s biggest EVER year (kind of…)

MBW reveals historic numbers for the US market last year (although you should really factor in inflation)

BMI hires Goldman Sachs to ‘explore strategic opportunities’. Could it end up selling?

Other possibilities might include expanding into sync, or even acquiring rights

Even without AWAL, Kobalt Music Group is a $600m+ annual business… and comfortably profitable

Company posted first ever full year of EBITDA profitability in FY2021

Reservoir extends deal with Grammy-nominated songwriter Ali Tamposi

Tamposi has been represented by the Company since 2017

From Universal’s $10bn revenues to Epic Games’ Bandcamp buyout: It’s MBW’s Weekly Round-Up

The biggest stories of the week – and why they matter

Universal Music Group surpassed $10 billion in revenues last year. It’s now double the size it was a decade ago.

UMG's adjusted annual EBITDA topped $2 billion last year, according to MBW's calcuations

Larry Mestel, Founder & CEO of Primary Wave Music, joins NMPA Board of Directors

'The NMPA is a vital partner for those that create and own songs and I’m looking forward to making a meaningful contribution to its mission,' says Mestel

Universal and Sony spent $550m buying Bob Dylan’s music rights. Now they’re making NFTs with him.

Bob Dylan's new NFT platform Snowcrash partners with Sony and Universal

Fred Gillham promoted to Managing Director of UK & Europe at Concord Recorded Music

Gillham's new position is an extension of the role he has undertaken since 2019 as Managing Director of the UK

Ultra Music Publishing inks strategic alliance with Warner Chappell

Agreement will see Warner Chappell Music becoming Ultra’s sub-publisher in the UK