February, 2024

Indian streaming service Wynk Music to shut down; subscribers pushed to Apple Music via new Airtel partnership
Wynk rival Gaana was recently consolidated into a subsidiary of Times Group after merger talks with Wynk fell apart Source...

Italy’s paid music streaming subscription revenues jump 23% as local acts completely dominate charts
With Italy lagging Western countries in paid music subscribers, strong growth is expected to continue Source...

XL Recordings posted a $12.8m profit last year… despite only releasing 8 new albums
XL's small but heavy-hitting catalog has made it an impressively profitable record company Source...

The Future of Music: Streaming Dominance, Live Events, and Vinyl Revival
As we reach the midpoint of 2024, the music industry continues to evolve, with streaming surging by 15.1%, live events boosting local music consumption, and vinyl making a significant comeback. Accord...

Instagram Notes may soon showcase your Spotify listening activity via new Meta partnership (Report)
It's unknown if the feature spotted by a reverse engineer will ever be made public Source...

Dr. Kenji Kitatani appointed Chairman of Warner Music Japan
Kitatani has a long and distinguished career in entertainment, media and academia Source...

BMG revenues hit $496m in H1 2024, up 12.5% YoY on organic basis
Thomas Coesfeld's changes to BMG had a clear effect on company's profit profile in H1 2024 period Source...

The Other Songs partners with Universal Music Publishing Group; signs global deal with British singer/songwriter Bruno Major
Bruno Major named as the 'first marquee signing' via the new arrangement with UMPG Source...

‘Premium experience platform’ Seat Unique raises $19m in extended funding round
Seat Unique is currently offering VIP tickets and hospitality packages for Billie Eilish, Taylor Swift, and the recently reunited Oasis Source...

Beggars Group is now a £100m+ annual revenue company
Nevertheless, the record company has seen its operating profit slide amid rising costs Source...

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