Thursday, February 20, 2025

Thursday, February 20, 2025

Instagram adds new music-sharing feature to direct messages
App users will be able to share 30-second previews of songs via direct messages or on broadcast channels Source...

Red Hot Chili Peppers seeking $350M in masters catalog sale, with WMG leading the bid (report)
If a deal is sealed at that price, the band will have amassed some $500 million for their recorded music and publishing rights Source...

Daniel Ek has now cashed out $666M in Spotify stock, with his latest transaction banking $31.5M
Latest transaction comes just days after Spotify's stock hit a new all-time high Source...

Celine Hollenbeck and Jenna Akemi Kon, named partners at entertainment law firm Carroll, Guido, Groffman, Cohen, Bar & Karalian
The law firm has represented artists in numerous high-profile rights acquisitions in recent years Source...

‘Ten years ago, DSPs were the cornerstone of establishing a new business model. What’s the next evolution of this?’
Carletta Higginson, Chief Digital Officer at Warner Music Group, discusses her time on both sides of the copyright line, at DSPs and record companies, as well as the future of streaming and the import...

K-pop business could ‘collapse’ if NewJeans controversy sets a precedent, industry groups in South Korea warn
The music industry groups are urging the government to implement regulations against poaching of artists who are under exclusive contracts Source...

Benson Boone’s ‘Beautiful Things’ was the biggest-selling global single of 2024, IFPI confirms
Benson Boone wins the IFPI Global Single Award for 2024 Source...

After paying out nearly 1,500 advances of between $1,000 and $10m+ to date, and with access to ‘hundreds of millions of dollars’ in funding, beatBread launches Deal Comparison Tool for indie artists and labels
beatBread CEO Peter Sinclair on why and how the company developed its data-driven comparison tool Source...

NetEase Cloud Music reports 23.1% jump in music revenue for 2024 as profits soar
The company says it plans to focus more on premium subscription offerings in the coming year Source...

Believe launches new services unit in Thailand dedicated to breaking indie-pop acts in the market
Believe plans to push artists under its care into the Top 20 of the Thai music charts this year Source...

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