February, 2024

HYBE-owned label ADOR replaces CEO Min Hee-jin amid legal dispute
HYBE suspects Min Hee-jin of attempting to seize control of subsidiary label ADOR. Source...

Paramount-Skydance merger moves forward as former Warner Music boss Edgar Bronfman Jr. drops $4.3bn bid
Paramount's "go-shop" period to search for potential buyers has ended with Bronfman's withdrawal of his consortium's bid Source...

Saregama, India’s oldest label, completes $45M acquisition of Pocket Aces
Saregama says acquiring Pocket Aces is its avenue into expanding into short-form content Source...

South Korea’s FTC targets subscription practices of streaming giants including Spotify
South Korean law requires streaming services to refund the unused portion of a subscription fee that is cancelled mid-billing cycle Source...

Ticketing startup TickPick secures $250M investment in ‘largest fundraise’ in industry to date
TickPick says its all-in, no-fee pricing model has saved over $180 million in service fees alone on its platform since its inception Source...

Indian streaming service Wynk Music to shut down; subscribers pushed to Apple Music via new Airtel partnership
Wynk rival Gaana was recently consolidated into a subsidiary of Times Group after merger talks with Wynk fell apart Source...

Italy’s paid music streaming subscription revenues jump 23% as local acts completely dominate charts
With Italy lagging Western countries in paid music subscribers, strong growth is expected to continue Source...

XL Recordings posted a $12.8m profit last year… despite only releasing 8 new albums
XL's small but heavy-hitting catalog has made it an impressively profitable record company Source...

The Future of Music: Streaming Dominance, Live Events, and Vinyl Revival
As we reach the midpoint of 2024, the music industry continues to evolve, with streaming surging by 15.1%, live events boosting local music consumption, and vinyl making a significant comeback. Accord...

Instagram Notes may soon showcase your Spotify listening activity via new Meta partnership (Report)
It's unknown if the feature spotted by a reverse engineer will ever be made public Source...

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