February, 2024

After raising $165m at a $1bn valuation, Create Music Group acquires UK-based label Ostereo
Ostereo founder Howard Murphy to exit the company Source...

Shazam tops 100 billion song recognitions since launch
Shazam notes that’s equivalent to 12 songs identified for every person on Earth Source...

‘Super-Premium’ music subscription tiers coming in 2025, and 3 other things we learned from Universal Music’s Boyd Muir at the Morgan Stanley conference
UMG has 1,300 stores in its direct-to-consumer business, and the profit margins are huge Source...

Evan Bogart’s Seeker Music acquires The Wombats publishing catalog
Company has acquired the publishing rights to the band's first four albums Source...

Concord unveils inaugural advisory board
Darien Dash, Marc Geiger, Tom Whalley and Jake Wisely will be among the members of the advisory board headed up by Scott Pascucci Source...

Warner’s ADA and regional Mexican music specialist Elegante Records ink global distribution deal
Elegante's roster includes artists such as Conjunto Rienda Real, La Pócima Norteña, and Distinto Norte Source...

Spotify gains profitability… but loses the argument.
MBW founder Tim Ingham on Spotify's new-found profit margin, its relationship with songwriters, and Netflix Source...

Min Hee-jin resigns as director of HYBE’s Ador label, as NewJeans threaten to walk away
In a letter circulated to media, Min said she plans to hold HYBE accountable for what she called "illegal activities" Source...

Triller Group hires ex-TikTok exec Sean Kim as CEO for its app, vows to become ‘ultimate destination for creators, fans’
Kim's resume includes DirecTV, Amazon, and a three-year stint as product head at TikTok US Source...

Warner Music achieves fourth straight quarter of double-digit subscription streaming growth as calendar Q3 revenues hit $1.63bn
Warner Music Group has published its financial results Source...

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