February, 2024

Blackstone’s Hipgnosis closes $1.47bn asset-backed securities transaction
ABS deal is backed by royalties from the 45,000-song portfolio acquired in July from Hipgnosis Songs Fund‘s then-public shareholders Source...

SM Entertainment’s revenue slips 8.8% YoY in Q3 even as K-pop concerts boom
Concert revenues jumped more than 55% as SM's tours become increasingly international Source...

Angie Rho appointed Senior Vice President, Global Touring at AEG Presents
Rho joins the company from CAA, where she most recently served as Head of Business Affairs Source...

Ikenna Nwagboso, co-founder of Mr Eazi’s emPawa Africa, to step down
Exec to step down from his role effective January 2025 Source...

Warner acquires minority stake in India-based live entertainment and ticketing platform SkillBox
SkillBox also runs an artist management arm, LevelHouse Source...

Live Nation’s Q3 profits beat estimates following ‘most active summer concert season ever,’ but revenues fall 6% to $7.7bn as stadium attendance drops
The company's shares soared in overnight trading after reporting stronger-than-expected profits Source...

HYBE’s Weverse Magazine issues statement distancing itself from controversial internal document
HYBE's controversial "music industry report" was drawn up by Weverse Magazine's top editor Source...

Virgin Music Group partners with Japan’s Bushiroad Music on global anime music distribution
Virgin will provide digital distribution services for Bushiroad Music‘s content across 35 countries Source...

OpenAI just won a copyright battle brought by two news outlets. What could this mean for the music industry’s lawsuits against AI firms?
Some observers say the ruling weakens music companies' claims against AI developers, but the OpenAI case is very different from the music cases Source...

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...

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