June, 2024

Latest round of TIDAL layoffs could hit a quarter of staff (report)
Speculation within the company says as many as 100 people could lose their jobs Source...

Deezer reports 11% revenue growth for calendar Q3
The company attributes its revenue growth to new partnerships and subscription price hikes Source...

Whether it’s Donald Trump or Kamala Harris, the music business has something to fear from the US election.
They're AI-ting the dogs... Source...

Sony Music acquires recorded music catalog of Egyptian superstar Amr Diab
Sony has also signed what it calls a 'forward-looking multi-album deal' with the artist Source...

Boyd Muir promoted to Chief Operating Officer of Universal Music Group
Company is 'immediately initiating an executive search process' to hire a new CFO. Source...

Universal Music generated $3.15bn in Q3; subscription streaming revenues grew 8.2% YoY
Universal Music Group has published its financial results for the three months to the end of September. Source...

Madlib sues former manager for alleged ‘rank self-dealing’ and ‘pervasive mismanagement’
The rapper has asked a California court to dissolve his businesses that have been run for years by record exec Egon Source...

Ed Sheeran beats ‘Thinking Out Loud’ copyright appeal
Sheeran's single did not copy Marvin Gaye's Let's Get It On, says appeals court Source...

Roger De Graaf, co-founder of Spinnin’ Records, steps down as President of Warner-owned dance label after 25 years
Label was acquired by Warner in 2017 in a deal worth over $100 million Source...

From Ed Sheeran’s copyright appeal win to the asset-backed securities boom… it’s MBW’s Weekly Round-Up
The biggest stories from the past week – all in one place… Source...

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