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From 90,000 AI tracks hitting Deezer daily to Suno’s user data breach… it’s MBW’s Weekly Round-up
The biggest headlines from the past few days... Source...

Providence set to fully acquire Casey Wasserman’s THE•TEAM, valuing agency at $3.4B (report)
The private-equity firm already owns around 60% of the business and is set to buy out founder Casey Wasserman's remaining stake. Source...

StubHub CEO faces questions from House Democrats over his stake in a hedge fund reselling tickets on his own marketplace
Robert Garcia, the oversight committee's Ranking Member, issued a letter to StubHub CEO Eric Baker on Friday (July 24). Source...

Move Concerts CEO Phil Rodriguez: ‘I’m bullish about our business. Music and sports are the last tribal experiences.’
MBW's World Leaders series meets Phil Rodriguez, founder and CEO of Latin America-focused Move Concerts Source...

Live Nation launches Roblox game that lets players build their own festivals, with CORTIS as the first featured artist
The game has already drawn more than 3.5m visits and generated more than 23m in-game performances. Source...

Ben McOwen Wilson named new CEO of the UK’s PRS for Music
Google and YouTube executive to join the UK collection society on October 12 Source...

Andy Burnham, the UK’s new Prime Minister, cuts business rates by 20% for live music venues, pubs and clubs in England
The cut will apply to nearly 32,000 businesses, with the typical pub estimated to save £1,100 (around USD $1,475) in the next financial year. Source...

Music publishers file amended lyrics lawsuit against Anthropic – just as AI firm’s separate $1.5B settlement with authors wins court approval
The latest filing draws heavily on Anthropic's internal records, obtained through discovery, to support claims the publishers first brought in October 2023. Source...

Universal hires Tseyin Foo as President, Global Supply Chain to ‘strengthen the global capabilities powering UMG’s next phase of growth’
Former Skechers and Nike exec will be based in Los Angeles Source...

India’s Tips Music grew revenues 21% in calendar Q2 – but profit fell 4% as content spend jumped 90%
Spending on music acquisitions pulled Tips' operating EBITDA margin down to 50.3%, from 64.2% a year earlier and 74.0% in the preceding quarter. Source...

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