February, 2024

Another large indie distributor inks direct agreement with TikTok, as Ditto leaves behind expiring Merlin deal with platform
Established acts currently distributing their music through Ditto include Chance The Rapper, Russ Millions, and Darkoo Source...

Atticus Shelley appointed VP of Finance at TuneCore
Shelley played a key role at Spotify during the streamer's rapid growth ahead of its NYSE listing Source...

SM Entertainment founder Lee Soo-man debuts new agency, A2O Entertainment
Lee left SM Entertainment last year amid a power struggle, and is now returning to the pop music game with A2O Entertainment Source...

PPL steps up to sponsor Administrator of the Year category at Music Business UK Awards
The UK's music licensing company joins growing band of big-name sponsors backing industry’s most enjoyable night out Source...

Universal Music enters into strategic partnership with AI music startup KLAY
Klay says it's building 'a new Large Music Model (KLayMM) that will significantly advance state-of-the-art music AI' Source...

Concord closes $850m Asset-Backed Securities transaction to ‘fuel strategic growth and acquisitions’
Transaction was led by Apollo Source...

The Hipgnosis Songs Fund catalog has just been valued at $2.36bn… around $150m more than HSF’s enterprise value when Blackstone acquired it
Blackstone raises nearly $1.5 billion in debt financing via new ABS, based on substantial valuation for Hipgnosis Songs Fund assets Source...

Music Industry Insights: Taylor Swift’s Surprise Collab, AI-Driven Covers, and New Albums
This week’s music news includes a surprise performance by Taylor Swift and Sabrina Carpenter, a bold new album from Tyler, the Creator, and a Spanish-language AI cover of a holiday classic. From cou...

Oasis to cancel 50,000 resale tickets amid tour scalping crackdown
The tour’s ticketing policy only allows purchases made through Ticketmaster or an authorized resale partner Source...

DistroKid to lay off 37 union workers
DistroKid estimates that it distributes 30-40% of all new music in the world Source...

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