February, 2024

Africa-focused streaming service Mdundo hits 37.8m monthly active users, as paid subscription revenue jumps 112% in local currency terms
The company reported a revenue decline in fiscal 2023/24, amid weakness in African currencies Source...

Ticketmaster hit by ‘billions’ of bots in Oasis ticket sale, and 3 other things Michael Rapino said at Bloomberg’s Screentime event
The Live Nation CEO criticized scalpers saying there shouldn't be "a middleman that has nothing invested in the business making any money from it." Source...

Rob Stringer talks Queen, Michael Jackson, and Pink Floyd deals – plus TikTok – at Bloomberg event
Stringer spoke to Lucas Shaw at Bloomberg's event in Los Angeles on Thursday Source...

Macron calls for fairer music streaming model after France imposes ‘music streaming tax’
The French president would like to see 'artists who have average followings' get paid more Source...

TikTok slashes hundreds of jobs globally as it shifts focus to AI content moderation (reports)
Some 500 people are losing their jobs in Malaysia, along with potentially 125 layoffs in the UK Source...

Spotify sponsors ultra-competitive category at Music Business UK awards
World's leading streamer backs one of the biggies at next month's sold-out event Source...

From UMG’s lawsuit against Chili’s to Ticketmaster’s bot problem… it’s MBW’s Weekly Round-Up
The biggest stories from the past week – all in one place… Source...

‘We have to establish some rules before creativity is suppressed and the marketplace is flooded with AI-generated music.’
RIAA President & COO Michele Ballantyne looks back on her 20 years at the organization, the changes she's seen, the lessons she's learned and the battles she's still fighting Source...

The MLC nears $2.5bn in royalty distributions to songwriters and publishers since 2021
The MLC's royalty payout count has increased by $1bn in just one year Source...

Kids’ audio platform Yoto aims to double revenue with $15m funding package from HSBC
Company's Yoto Player smart speaker uses physical cards to play audio content Source...

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