June, 2024

From Ed Sheeran’s speech to UMG vs. TuneCore… it’s MBW’s Weekly Round-Up
The biggest stories from the past week – all in one place… Source...

Sony generated $2.55bn from recorded music and publishing in Q3, up 9.6% YoY
Company's global recorded music revenues were up over 10% YoY Source...

Bill Ackman wants to move Universal Music Group’s financial HQ from Amsterdam to the US. Universal has warned it might not be possible.
World's largest music rights company and activist investor could be headed for a disagreement Source...

Audio and video collab platform Pibox raises $1.2M, joins Google for Startups program
Pibox says its tools have led to an 86% increase in team efficiency “and sparked new and better ideas" Source...

Darina Connolly appointed General Manager of Warner Music’s Rhino UK
Connolly was most recently Head of Music Partnerships at TikTok Source...

Fresh off a $15M fundraiser, Yoto partners with Elton John to launch its first Collector’s Edition card series
Elton John's 'Diamonds' greatest hits collection will be available on Yoto, including limited-edition versions featuring the artist's signature outfits Source...

Blackstone’s Hipgnosis closes $1.47bn asset-backed securities transaction
ABS deal is backed by royalties from the 45,000-song portfolio acquired in July from Hipgnosis Songs Fund‘s then-public shareholders Source...

SM Entertainment’s revenue slips 8.8% YoY in Q3 even as K-pop concerts boom
Concert revenues jumped more than 55% as SM's tours become increasingly international Source...

Angie Rho appointed Senior Vice President, Global Touring at AEG Presents
Rho joins the company from CAA, where she most recently served as Head of Business Affairs Source...

Ikenna Nwagboso, co-founder of Mr Eazi’s emPawa Africa, to step down
Exec to step down from his role effective January 2025 Source...

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