Analysis News Sony ups its annual Music revenue forecast by over $500m… during a pandemic Firm's recorded music streaming revenues grew by over $120m in the three months to end of September
News Tencent buys stake in AI-driven A&R scouting specialist Instrumental Chinese giant acquires minority stake in UK-based firm used by all three major music companies
News Amuse expands AI-driven royalty advances of up to $300,000 to independent artists’ collaborators 'Hundreds of artists' have used Fast Forward royalty advance service since it launched last year, states Amuse
News Quincy Jones invests in AI Music startup Musimap, which has developed a ‘psycho-emotional profiling engine’ Company's AI tech builds emotional profiles for listeners
News Amy Hartman appointed SVP Creative Services at Spirit Music Group Exec joins Spirit from Roc Nation
News Sony Music India inks exclusive deal with award-winning Bollywood composer, Amaal Mallik Mallik will also continue working as a music director on film projects
News BMG expands into live music, buying majority stake in German concert promoter Undercover CEO Hartwig Masuch explained last month that super-fan data was a big reason behind his interest in live
Analysis News Universal Music Group just generated over a billion dollars from streaming in a single quarter… during a global pandemic Vivendi-owned company has already posted over $400m more from streaming in 2020 than it did at the same stage of 2019
News Ex-Paradigm execs launch new agency Arrival Artists, with offices in New York, Los Angeles, Chicago & Seattle Principal Agents Include Ali Hedrick, Erik Selz, John Bongiorno, Karl Morse & Ethan Berlin
News Warner Music’s ADA expands into Japan Local ADA team will be led by respected executive Kaz Aida, who joins from Universal Music
News Snapchat launches music feature to rival TikTok Company has multi-year deals with a number of major and independent publishers & labels
News Fleetwood Mac’s Dreams generated over 36m global streams in the last two weeks following viral TikTok video, confirms Warner Music Group Classic track exploded after a video from TikTok star Nathan Apodaca went viral
News TuneCore has paid indie artists over $2bn to date – and is now paying them over $400m per year Fresh statistics shine a light on the growth of one of DIY distribution's biggest names
News Apple launches $99 HomePod mini smartspeaker “HomePod mini has everything customers want in a smart speaker," claims Apple.