February, 2025

Spanish society SGAE distributed $378m to its members in 2024, as annual collections reached record $422m
SGAE reports highest annual revenues in 125-year history Source...

Hannah Thompson-Waitt promoted to SVP, Commercial Strategy, at Virgin Music Group
Exec previously served as Vice President of Commercial Strategy Source...

India’s Tips Music generated $9.1m in calendar Q1 as EBITDA grew 24% YoY
Tips' operating EBITDA grew 24% YoY in calendar Q1 to reach USD $4.3m Source...

Universal Music Group Nashville rebrands as Music Corporation of America
Mike Harris to Lead as President & CEO, and Dave Cobb as Chief Creative Officer Source...

Oscar Höglund talks Epidemic Sound’s revenue growth and vast reach: ‘We get roughly 3bn daily views. That’s 20 Super Bowls per day, 365 days per year.’
MBW's World Leaders series meets Oscar Höglund, CEO of Epidemic Sound Source...

HYBE teams up with Spanish-language TV giant Telemundo on ‘first-of-its-kind’ competition and reality show to form a Regional Mexican group
Members of the winning group will win $100,000 and a recording contract with HYBE Latin America Source...

Universal Music Group’s Downtown acquisition to be probed by EU competition regulator (report)
The FT reports the probe will be announced on Friday (April 25) Source...

Confirmed: European competition regulator to assess UMG’s $775m acquisition of Downtown Music
European Commission has accepted requests from Austria and the Netherlands to review the proposed acquisition Source...

Tencent Music close to $2.4 billion deal to acquire podcast firm Ximalaya – with a potential payday for Sony Music
Sony Music acquired 4.6 million shares in Ximalaya for a consideration of USD $50 million in 2020 Source...

From Warner’s Crumbl copyright lawsuit to the EU’s Downtown deal probe… it’s MBW’s Weekly Round-Up
The biggest stories from the past week – all in one place… Source...

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