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Spotify posts $1.5bn annual operating profit for 2024, as subscriber base grows to 263m in Q4
Spotify posted a quarterly operating income of over half a billion dollars Source...
Trump signs executive order to create US sovereign wealth fund that could buy TikTok
Trump hinted at the fund’s potential role in the TikTok acquisition, saying, “I have the right to do that, and we might put that in the sovereign wealth fund” Source...
Read Sir Lucian Grainge’s 2025 memo to Universal Music Group staff: ‘Streaming 2.0 will represent a new age of innovation, consumer segmentation, geographic expansion, greater consumer value and ARPU growth.’
UMG boss says: "I’m pleased to report that the Streaming 2.0 era has arrived." Source...
TikTok rival Triller secures $50m in equity funding
Funding round was secured through a private placement with institutional investors Source...
SM Entertainment majority shareholder Kakao is building a superfan app to take on HYBE’s Weverse (report)
Unlike HYBE's Weverse, Kakao’s BERRIZ will incorporate content from Korean movies, dramas, and webtoons Source...
On… Lola Young, M-UK-GA!, and communing.
MBW founder Tim Ingham's latest Review commentary Source...
Gallery: Glassnote welcomes in 2025 at HMV Oxford Street
Event at HMV's historic 363 Oxford Street store was attended by quite the who's who of the UK music biz Source...
Warner Bros. Discovery strikes JV with Cutting Edge to co-own vast catalog of film and TV music, in deal worth $1bn+
Companies create a JV to co-own catalog of more than 400,000 compositions and song cues Source...
From Spotify’s $10bn music industry payout to Concord’s Johnny McDaid catalog acquisition… it’s MBW’s Weekly Round-Up
The biggest stories from the past week – all in one place… Source...
Key Songs in the Life of… Joe Hadley
Spotify's partnership-focused exec selects eight tracks that helped shape who he is and what he does.. Source...
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