February, 2025

Global recorded music revenues rose 6.5% to $36.2bn in 2024, says MIDiA Research
According to MIDiA, streaming revenue grew 6.2% YoY to $22.2 billion Source...

Believe generated over $1bn in 2024, as company’s annual revenues grow 11.5% YoY
Paris-headquartered music company has published its financial results for FY 2024 Source...

Sony Music sues University of Southern California over music used in social media posts
Lawyers for Sony provided a list of 283 USC social media posts they say violated the company's copyrights Source...

Bill Ackman’s Pershing Square to raise $1.4bn from sale of 2.7% stake in UMG (report)
'We believe UMG is one of the best businesses we have ever owned,' said Ackman on X today Source...

Brad Banducci named CEO of ticketing firm TEG, as Geoff Jones becomes Chairman
TEG is one of Asia Pacific’s largest live entertainment and ticketing companies Source...

After raising $3.2m, music production and fan engagement platform AMPOLLO unveils advisory board
Platform claims to provide 'a unique range of user-friendly tools and engagement opportunities to creators working in music.' Source...

From Sony’s deepfake takedowns to Ackman’s UMG stake sale… it’s MBW’s Weekly Round-Up
The biggest stories from the past week – all in one place… Source...

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