February, 2024

Duetti secures fresh $114m to buy indie artist catalogs, including $80m raised through firm’s first asset-backed securitization transaction
Company, which officially launched in May 2023, says it has raised $235 million so far Source...

HYBE’s CEO just issued an apology to K-Pop artists, fans and rival labels amid a torrent of controversies from leaked internal documents. What’s going on?
Disparaging comments about certain K-pop stars have angered fans, while other revelations have piqued the interest of regulators Source...

Megan Thee Stallion joins Weverse, as HYBE revamps superfan platform to include ‘advanced translation features’ for artist posts
Megan Thee Stallion becomes the latest superstar to join the platform Source...

Chris Brown and Drake sued for at least $5m over alleged copyright infringement on ‘No Guidance’
'No Guidance' has been streamed more than 1 billion times on Spotify, and viewed more than 480 million times on YouTube Source...

Sophia Hong appointed Managing Director of Warner Chappell Music Korea
Exec will be based in Seoul and will report to Arica Ng, President of Warner Chappell Music APAC Source...

Daniel Lang elevated to SVP, Global Society Relations and Digital Rights at Warner Chappell Music
The appointment expands Lang's responsibilities to include oversight of US collection societies Source...

Court dismisses former ADOR CEO Min Hee-jin’s reinstatement bid amid HYBE leaked documents controversy
Reacting to the court's decision, K-pop giant HYBE has praised the "wise ruling" Source...

Universal’s Virgin Music Group acquires Outdustry, expanding its presence in China and India
Universal's global indie artist and label services division acquires Outdustry to focus on expansion into 'high potential markets' Source...

Reservoir upgrades financial guidance after reporting 6% jump in revenues to $40.7m in calendar Q3
Company has raised its revenue and EBITDA forecasts for the fiscal year Source...

Tega Oghenejobo promoted to President and Chief Operating Officer of Nigeria’s Mavin Global
Universal Music Group acquired a majority stake in the Lagos, Nigeria-based music company in February Source...

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