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Live events and ticketing company DEAG reports 18% jump in revenue to record high $400m in 2024
The company says it made a 'conscious' decision to increase spending on longer-term investments, even if it meant a shrinking EBITDA Source...

StubHub strikes deal to become ATG’s official resale ticket partner for 16 US venues
The partnership will enable fans to buy tickets for events at ATG theaters directly through StubHub Source...

Spotify set to hike prices across Europe, Latin America, following 18% price rise in Netherlands
A Spotify individual subscription in the Netherlands now costs EUR 12.99 per month Source...

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...