February, 2024

HYBE generated record quarterly revenue of $465m in calendar Q2
South Korea-headquartered entertainment giant HYBE has published its financial results for Q2 2024 Source...

Warner Music Group generated $1.55bn in calendar Q2; subscription streaming revenues rose 13.7% YoY
Warner Music Group has published its financial results for the three months ended June 30, 2024 (calendar Q2 – the company’s fiscal Q3) Source...

Sentric inks admin deal and forms JV with Cooking Vinyl Publishing
Joint venture will cover new signings, creative projects and more Source...

Alix Kram appointed Head of Marketing at Universal Music Publishing Group in new global role
Kram is a former Netflix and Warner Music Group exec Source...

Música Mexicana superstar Peso Pluma’s Double P Records strikes global deal with Downtown Music Publishing
The deal will also include administration for Peso Pluma’s own publishing interests Source...

Sony unfazed by streaming music revenue growth slowdown in calendar Q2
Sony says it's now expecting the music market to grow at mid-to-high-single-digit rates Source...

British startup sues Spotify for alleged patent infringement over ‘Remote Group Session’ and ‘Jam’ features
Bluejay Technologies says it shared info with Spotify on its system for collaborative streaming playlists before Spotify launched something similar Source...

SM Entertainment reports $185m in Q2 sales, driven by near-doubling of concert revenue
However, the company's bottom line was dragged down by weak performances at subsidiary businesses Source...

Kakao founder Kim Beom-su indicted on stock price manipulation charges
Numerous Kakao executives have now been indicted in relation to the telecom company's takeover of SM Entertainment last year Source...

Emily Dashiell, Jeff Gunkel, Carlos Monnaco promoted to SVP roles at Capitol Christian Music Group
The three veterans of Capitol CMG see a bright future for Christian and Gospel music Source...

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