February, 2024

Over 8% of Tencent Music’s subscribers are ‘Super VIP’. That’s 10m users paying 5x the standard subscription price
TME added 2 million net subscribers in Q3 compared to the prior quarter (Q2) Source...

Vevo’s Artists To Watch list signals start of ‘tipping season’ – and provides unique video promo platform for new cohort of possible future stars
18 new inductees announced for watch-list that has previously given early looks at some seriously big stars Source...

Michael Rapino talks superfans, the secondary ticketing market and more on Live Nation’s Q3 earnings call
The live events company is also 'hopeful' about its antitrust fight under a Donald Trump administration Source...

Musical.AI teams up with China’s Kanjian to deliver licensed music to AI developers
Musical.AI says it has built the world’s first secure platform for rights management in AI training Source...

Spotify cruises past quarter-of-a-billion subscribers, as it eyes $1.5bn annual operating profit in 2024
Spotify’s global Premium Subscriber base grew to 252m paying users in Q3 Source...

TikTok’s SoundOn is signing artists… and battling labels on the charts.
MBW Reacts is a series of analytical commentaries from Music Business Worldwide written in response to major recent entertainment events or news stories... Source...

Trump allies say he’s likely to reverse TikTok ban (reports)
Trump once sought to ban TikTok, but ended up using the app during the recent presidential election Source...

ChatGPT maker OpenAI, valued at $157bn, sued by GEMA in Germany over unlicensed use of song lyrics
GEMA represents the copyrights of around 95,000 members in Germany (composers, lyricists, music publishers) as well as over two million rightsholders worldwide Source...

Turntable Labs’ social music platform Hangout launches with Sony, Universal and Warner deals
Hangout launches with a catalog of over 100 million tracks Source...

SoundCloud rolls out new monetization feature as part of enhanced upload experience
The new feature eliminates multiple steps previously required for artists to monetize their content on the platform Source...

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