Thursday, October 10, 2024

Thursday, October 10, 2024

Warner Music Group acquires Amsterdam-based label Cloud 9 Recordings
Cloud 9 Co-founder Raymond van Vliet to remain as President of Cloud 9 Recordings Source...

‘Works for hire’? Jury trial to decide if 2 Live Crew’s members, heirs have any right to its music
2 Live Crew's members and their heirs are fighting to take back the recording copyrights on the 1980s rap band's music Source...

Reservoir acquires producer royalties of Grammy winner Jack Douglas
The acquisition includes hits by Aerosmith and Cheap Trick Source...

Latin Music generated $685m in US recorded music revenues in the first half of 2024 – up 7% YoY
The Recording Industry Association of America (RIAA) has published its mid-year 2024 Latin Music Revenue Report Source...

Downtown’s FUGA expands in ANZ region via new deal with Australia’s UNIFIED Music Group
Partnership will bolster UNIFIED’s distribution and marketing capabilities, and provide neighbouring rights services Source...

Africa-focused streaming service Mdundo hits 37.8m monthly active users, as paid subscription revenue jumps 112% in local currency terms
The company reported a revenue decline in fiscal 2023/24, amid weakness in African currencies Source...

Ticketmaster hit by ‘billions’ of bots in Oasis ticket sale, and 3 other things Michael Rapino said at Bloomberg’s Screentime event
The Live Nation CEO criticized scalpers saying there shouldn't be "a middleman that has nothing invested in the business making any money from it." Source...

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