February, 2024

From GEMA’s copyright lawsuit against OpenAI to Hipgnosis’ $1.47bn ABS deal… it’s MBW’s Weekly Round-Up
The biggest stories from the past week – all in one place… Source...

Jin of BTS is the latest artist to launch an interactive hub on TikTok to promote new solo album, ‘Happy’
TikTok has partnered with K-Pop superstar Jin on a new multimedia campaign in support of his first solo album, Happy, Source...

Daniel Ek just cashed out $35.8 million in Spotify shares. But that’s nothing compared to his co-founder… who just cashed out $383.8 million.
Spotify’s share price is flying. Following the firm’s announcement of its Q3 2024 results on Tuesday (November 12), SPOT’s stock price jumped on the NYSE, closing at an all-time high of USD $477...

TikTok strikes new long-term partnership with ICE
The new deal will give TikTok continued access to ICE's vast catalog of more than 54 million musical works from over 330,000 rightsholders Source...

Saudi wealth fund exits Live Nation stake, after making $930M in profit
Another major Live Nation shareholder, Liberty Media, is planning to spin off a separate company that includes its LN stake. Source...

Vevo dscvr artists to watch 2025: FLOYYMENOR, BRYANT BARNES, CHARLOTTE PLANK
MBW kicks of a series of features showcasing this year's Vevo DSCVR Artists To Watch Source...

SoundExchange strikes royalty agreement with SAMPRA, opening new revenue streams for US and South African artists
SAMPRA represents over 75,000 recording artists and 11,000 record companies in South Africa Source...

Generative AI opt-outs are unfair and unworkable. Let’s drop the pretense that they’re some sort of compromise.
The following MBW Views op/ed comes from Ed Newton-Rex, CEO of the ethical generative AI non-profit, Fairly Trained Source...

Universal Music Group’s stake in Spotify is now worth $3 billion. Is it time to sell?
With Spotify's share price at an all time high, UMG and Sony jointly own more than $5 billion in stock Source...

Taylor Lindsey promoted to Chairman and CEO of Sony Music Nashville
Ken Robold also named President and Chief Operating Officer of Sony Music Nashville Source...

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