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Warner confirms details of $1.2bn JV with Bain; venture will raise up to $700m in debt
Finer details of the arrangement between WMG and Bain emerge, courtesy of a new SEC filing Source...

Kayla Schmandt appointed Vice President, Digital Strategy, AMEA at UMG
Schmandt will draw on her expertise from her previous role as VP Commercial Affairs. Source...

Netflix in talks with Spotify on projects like music awards, live concert series (report)
The Wall Street Journal reports that the platforms are discussing potential partnerships Source...

European Composer & Songwriter Alliance urges EU to block UMG’s acquisition of Downtown
The ECSA is an umbrella group of around 55 composer and songwriter associations in more than 25 European countries Source...

US Senate rejects 10-year ban on state AI regulation in win for creative sector
The ban would have prevented states from regulating artificial intelligence for a decade. Source...

Apple Music to establish new studio space in Los Angeles
The move comes over three years after Spotify launched its own creative hub in Los Angeles. Source...

Sony Music Group acquires record label Lusafrica and publisher Africa Nostra
Founded in 1988 by José Da Silva, Paris-headquartered Lusafrica specializes in Portuguese-language African music and other world music genres Source...

BandLab now allows artists and rightsholders to signal interest in AI licensing
The expanded BandLab Licensing platform lets artists, labels, and publishers mark tracks as 'Open to AI licensing' Source...

Warner Music Group to reduce annual cost by another $300M, with $170M saved via ‘headcount rightsizing’
Combined with previously announced restructuring, Warner should achieve more than half a billion dollars in annual cost-savings Source...