February, 2024

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...

As HYBE raises $80m for its gaming business, could it try to emulate Sony Corp’s cross-media strategy?
New 'HYBE 2.0' global strategy could look to borrow elements of Sony's longstanding multi-divisional structure Source...

Warner Music Group just bucked the trend of streaming revenue growth slowdowns. How?
Robert Kyncl explains why Warner was able to post double-digit streaming growth during a tricky time for the market Source...

From HYBE’s new label services business to Sony and Warner’s calendar Q2 earnings… it’s MBW’s Weekly Round-Up
The biggest stories from the past week – all in one place… Source...

Susan Wojcicki, former YouTube CEO, dies aged 56
Wojcicki was personally involved in YouTube striking landmark deals with the music industry Source...

AI music startup Lemonaide introduces new collab tool promising ‘ethical’ AI models
Lemonaide wants to ensure producers "have their own say and agency over the use of their data as they create new AI-powered revenue streams” Source...

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