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Universal Music Group generated over $1 billion per month on average in 2023
MBW crunches the numbers from UMG's latest quarterly earnings announcement Source...
Deezer CEO Jeronimo Folgueira exits
Folgueira will continue to fulfill his duties as CEO until his departure at the end of March 2024 Source...
Universal Music Group confirms cost-saving ‘redesign’, including layoffs, that will save $270m a year
UMG EVP, Boyd Muir, confirms that UMG needs to cut costs to hit the mid-20s EBITDA margin target it promised investors Source...
Marian Wolf promoted to lead Publishing business in North America at BMG amid increased focus on US market
Wolf has been influential in the signing and renewal of significant BMG publishing clients, including George Harrison, Jennifer Lopez and Riot Games Source...
HarbourView Equity Partners acquires ‘select songwriting and publishing assets’ from Hip-Hop/R&B group Full Force
The six-person collective has created music for the likes of Rihanna, Justin Timberlake, N'Sync, UTFO, Britney Spears, James Brown and Black Eyed Peas Source...
‘Country Music is having the moment we all know it deserved for a long time.’
MBW's Trailblazers meets Barry Daffurn, President and Co-Founder of Los Angeles-headquartered music label, distribution, and rights management company, Cinq Music Group Source...
Viberate publishes research on how music industry professionals, including A&Rs, use streaming services for artist discovery
Music data company unveils new research results focused on the use (and usefulness) of streaming platforms by A&Rs Source...
IMPALA calls on Apple to rethink spatial audio bonus, seek ‘collaborative’ solution
Apple Music's higher payouts for songs available in Spatial Audio disadvantages indie artists and labels, IMPALA says Source...
Key Production expands in Europe with German office led by Andreas Kohl
The company’s new European division will provide access to its entire supply chain, including manufacturing, packaging, and project management Source...
Bucks Music Group partners with industry veteran Eddie Levy to launch Chelsea Songs JV
Chelsea Songs will manage the works of artists like Bill Withers, Andre Rieu, The Hues Corporation, and others Source...
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