February, 2024

TikTok Music closure a win for Spotify, says Deutsche Bank
Deutsche Bank says that TikTok Music closing down is "a clear positive for Spotify" Source...

Warner revises annual cost savings estimate following latest round of layoffs
Cost savings revealed in SEC filing published on Thursday, September 19 Source...

After raising $3.5M in funding, AI-powered music remixing app Hook launches on iOS
The app allows users to create short-form remixes and mashups of popular songs using AI Source...

HYBE label ADOR rejects Min Hee-jin’s reinstatement as CEO but offers to extend her board term
HYBE is embroiled in an ongoing conflict with Min Hee-jin, ex-CEO of sub-label ADOR Source...

Ticketmaster partners with Tickets for Good to provide free tickets to non-profit workers
The partnership aims to reward those who dedicate themselves to serving their communities, including healthcare workers, charity workers, and volunteers Source...

Rich Castillo joins Graduation as Head of A&R
Castillo will be launching his own label, Lionbear Records, to be distributed by Graduation’s label services arm Source...

TikTok challenger Connyct partners with Warner Music Group in lead up to launch
At least for now, the app will be available only to post-secondary students in the US Source...

Audius officially launches public artist payment system with 10% community split
Fans can now make payments to artists using USDC, a stablecoin that's convertible to other currencies Source...

Read Julie Greenwald’s farewell note to Atlantic Music Group staff
Greenwald will leave her role at the end of this month but will stay on to consult through January 2025. Source...

Major music companies send letter to Canada’s CRTC, urging it not to regulate streaming as if it were radio
Streaming services will be required to pay 5% of their Canadian revenue to support local content, including radio stations Source...

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