June, 2024

Dance music brand fabric taps Believe UK’s b:electronic imprint for global services
The collaboration will see fabric’s music distributed through Believe’s b:electronic imprint, a dedicated platform for electronic music Source...

Bill Ackman’s Pershing Square USA withdraws IPO, citing investor uncertainty
Ackman had significantly reduced the price target for his US-based closed-end fund, before pulling out of the IPO altogether Source...

‘I advise others to come and invest in the MENA region – they will see how many opportunities there are.’
MBW’s World Leaders meets meet Ghassan Chartouni, CEO and founder of Lebanon-based indie Glava Holding Source...

HYBE, the home of BTS, restructures global business as part of new ‘HYBE 2.0’ strategy
Company launches HYBE MUSIC GROUP APAC, reorganizes three core 'pillars' of its business, and plans to make investments in gen AI, gaming and more Source...

Ex-Parlophone senior execs Nick Burgess and Jack Melhuish launch indie label Artist Theory in partnership with B-Unique
New label's roster already includes established UK star Sam Ryder Source...

Spotify’s audiobook bundling move will swipe 1% of Reservoir’s FY 2025 annual revenue, estimates company
The acquisitive music rights company has set its sights on a potential windfall from a new Spotify "Super-Premium" tier Source...

HYBE leans further into superfan business, adding subscription-based memberships to its Weverse fan app
'Superfans [are] a new growth engine in the global music market.' Source...

Indies are nibbling into the majors’ streaming market share. After Believe saga, how might Warner Music Group respond?
This article originally appeared within the latest MBW+ Monthly Review email, issued exclusively to MBW+ subscribers Source...

Believe generated $510 million in the first six months of 2024, up 12.3% YoY
Believe has published its financial results for the first half of 2024 Source...

Warner Music Group shake-up: Max Lousada to exit; Elliot Grainge named CEO of Atlantic Music Group, with Julie Greenwald as Chairman
Robert Kyncl-led restructure will see regional heads report directly to WMG's CEO Source...

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