February, 2024

KakaoBank buys 15% stake in music streaming startup Naivy
The acquisition comes amid legal problems for the founder of KakaoBank's parent company Source...

Court clears Michael Jackson estate to proceed with catalog sale to Sony at $1.5b valuation
MBW understands the deal to be worth as much as $750 million, valuing Jackson's catalog at $1.5 billion Source...

NetEase Cloud Music profit soars as revenue from streaming subscriptions jumps 25.5% YoY
China's second-largest music streaming company more than doubled its net profit year on year Source...

Primary Wave acquires publishing and other rights to entire catalog of ‘Feels So Good’ composer Chuck Mangione
Mangione's five-plus decade career in music yielded more than 30 albums and two Grammy wins Source...

From Hipgnosis’ next phase to TikTok’s indie takeover… it’s MBW’s Weekly Round-Up
The biggest stories from the past week – all in one place… Source...

Riot Games partners with Virgin Music for ‘Arcane’ season 2 OST
Arcane's season one soundtrack proved to be a major commercial and critical success Source...

Sony is excited about its new blockchain platform, Soneium – and music could play a big part in its future
The company aims to turn Soneium into a comprehensive Web3 solution, offering services from the infrastructure level to application development Source...

Downtown partners with Hook, an AI app backed by Edgar Bronfman Jr’s Waverley Capital
The deal “could serve as a blueprint for how AI companies can successfully work with music rights holders" Source...

TIDAL launches tool for US songwriters to claim and manage their work
Songwriters will be able to organize their IPI, PRO and publisher information in one place Source...

Nick Bobetsky on Chappell Roan’s rise and why artistry is ‘a human matter – not a business matter’.
Chappell Roan manager Nick Bobetsky on the incredible rise of the breakthrough artist Source...

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