February, 2024

Universal’s Virgin Music Group acquires Outdustry, expanding its presence in China and India
Universal's global indie artist and label services division acquires Outdustry to focus on expansion into 'high potential markets' Source...

Reservoir upgrades financial guidance after reporting 6% jump in revenues to $40.7m in calendar Q3
Company has raised its revenue and EBITDA forecasts for the fiscal year Source...

Tega Oghenejobo promoted to President and Chief Operating Officer of Nigeria’s Mavin Global
Universal Music Group acquired a majority stake in the Lagos, Nigeria-based music company in February Source...

Sony Music Publishing inks global deal with Mike Dean; Launches partnership with producer collective, M.W.A.
'We are pleased to partner with Mike and M.W.A.’s Sean Solymar, Tommy Rush, and Sage Skolfield as they continue to shape music’s future,' said Sony Music Publishing Chairman & CEO Jon Platt Source...

ASCAP and Sacem form strategic alliance that will include a new AI task force
The new partnership builds on earlier collaborations between the two collective management organizations Source...

Live events company DEAG acquires Italy-based promoter MC² Live
The 46-year-old company has developed live events and ticketing businesses across Europe Source...

YouTube ad revenues reached $8.92bn in Q3, up 12.2% YoY
YouTube's ad revenues beat analysts' expectations Source...

UnitedMasters extends music distro partnership with NFL through 2027 season
The agreement builds on the two parties’ original three-year deal established in 2023 Source...

BeatStars integrates music catalog into Voloco mobile recording app
BeatStars' catalog of over 9 million tracks will now be available directly within Voloco's platform Source...

Rostrum Pacific unveils AI-powered music distribution platform SpaceHeater
The tech will enable artists and labels to track how their music is used in AI training models and determine fair compensation Source...

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