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IMPALA welcomes EU’s Downtown deal probe; UMG remains ‘confident’ $775M acquisition will close in H2 2025
IMPALA represents 6,000+ independent music companies in Europe Source...

Splice acquires Spitfire Audio for a reported $50m as it bets on AI music creation
Splice was valued at nearly USD $500m in 2021 after securing $55m in funding Source...

From Warner’s Crumbl copyright lawsuit to the EU’s Downtown deal probe… it’s MBW’s Weekly Round-Up
The biggest stories from the past week – all in one place… Source...

Tencent Music close to $2.4 billion deal to acquire podcast firm Ximalaya – with a potential payday for Sony Music
Sony Music acquired 4.6 million shares in Ximalaya for a consideration of USD $50 million in 2020 Source...

Confirmed: European competition regulator to assess UMG’s $775m acquisition of Downtown Music
European Commission has accepted requests from Austria and the Netherlands to review the proposed acquisition Source...

Universal Music Group’s Downtown acquisition to be probed by EU competition regulator (report)
The FT reports the probe will be announced on Friday (April 25) Source...

HYBE teams up with Spanish-language TV giant Telemundo on ‘first-of-its-kind’ competition and reality show to form a Regional Mexican group
Members of the winning group will win $100,000 and a recording contract with HYBE Latin America Source...

Oscar Höglund talks Epidemic Sound’s revenue growth and vast reach: ‘We get roughly 3bn daily views. That’s 20 Super Bowls per day, 365 days per year.’
MBW's World Leaders series meets Oscar Höglund, CEO of Epidemic Sound Source...

India’s Tips Music generated $9.1m in calendar Q1 as EBITDA grew 24% YoY
Tips' operating EBITDA grew 24% YoY in calendar Q1 to reach USD $4.3m Source...

Universal Music Group Nashville rebrands as Music Corporation of America
Mike Harris to Lead as President & CEO, and Dave Cobb as Chief Creative Officer Source...

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