February, 2024

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...

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