June, 2024

Sony Music acquires Cobalt Music, one of the most prominent homegrown independent labels in Greece
Investment marks the re-establishment of Sony Music Entertainment Greece Source...

Live Nation announces up to $1.1bn in new convertible bonds
Live Nation has a moderate level of debt, but its credit outlook has been under pressure amid an antitrust investigation Source...

Musical AI and Beatoven.ai to jointly launch what they claim to be the ‘first fully licensed’ AI music generator
The new tool will be trained on a catalog of over 3 million songs, loops, samples, and sounds, all cleared and licensed by Musical AI Source...

Market for Gen AI outputs to be worth over $16bn annually by 2028, but it could ‘cannibalize’ 24% of music creators’ revenues, CISAC predicts
New report says music creators alone stand to lose $10.5bn of their revenue by 2028 Source...

Taylor Swift claims title of Spotify’s most-streamed artist for second straight year, with more than 26.6bn streams in 2024
Taylor Swift, The Weeknd, Bad Bunny, Drake and Billie Eilish have topped Spotify's most-streamed artists list for 2024 Source...

Primary Wave strikes music rights deal with Grammy-winning violinist Itzhak Perlman
The deal includes recordings that encompass his career of 55+ years Source...

Cara Donatto joins Atlantic Music Group as Executive Vice President of Media Strategy
The appointment marks the company’s latest key hire since Elliot Grainge assumed the role of CEO on October 1 Source...

TikTok reveals its top songs of 2024; says that 13 of 16 No.1 hits in the US this year are linked to trends on its platform
TikTok has published its Year-End Music Report for 2024. Gata Only by Chilean artists FloyyMenor and Cris Mj was revealed as the platform's top track globally. Source...

The 21 biggest music business deals of 2024: From Irving Azoff to Daddy Yankee, Hipgnosis, and Queen.
The year's biggest deals were dominated by private equity, securitization of music assets, and some blockbuster acquisitions by Sony Music Source...

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