Tuesday, March 19, 2024

UK’s Intellectual Property Office partners with PPL and PRS for Music on expanded ‘Get Paid Guide’ for music creators
The new version aims to provide performers, managers, and reps with a step-by-step guide on registering and managing their music metadata Source...

TikTok’s US growth stalls amid UMG dispute, competition, regulatory and e-commerce woes (Report)
The social media giant's efforts at e-commerce are backfiring with users, a news report says Source...

Talent management firm YMU sold for $76M after financial restructuring (Report)
The deal includes cancellation of some debt and a new credit facility for the struggling agency Source...

Kobalt ups spending power to over $1bn via new $450m revolving credit facility, plus a $266.5m raise via asset Securitization
Company said that these new transactions provide it 'with more than $1 billion to continue to grow and execute on its strategic initiatives'. Source...

Tony Bennett music assets acquired by Olivier Chastan’s Iconoclast in multi-million dollar deal
Sony Music will continue to own/control the bulk of Bennett's biggest-selling sound recordings catalog Source...

This ‘secret’ composer is behind 650 fake artists on Spotify. His music has been streamed 15bn times on the platform (report)
Revealed in a Dagens Nyheter expose: the musician 'behind the world's most listened to network of fake artists on Spotify' Source...

Tencent Music’s subscription revenues soared 45.3% in Q4 as paying subscribers hit 106.7m
Both the number of subscribers and revenue per paying subscriber are growing rapidly at TME Source...

Over half of the artists who generated at least $10,000 on Spotify last year are from countries where English is not the first language
"The music industry today is a more diverse and accurate reflection of the world we live in" Source...

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