June, 2024

Neon Gold Records, Avenue A unite to launch Futures Music Group
The new collective of artists and labels aims to "reshape the business of music” Source...

The Orchard bolsters operations in South Korea with key executive appointments
Jeeyoung Lee appointed South Korea Country Manager; Sungho Bae named Director, Artist and Label Services, APAC Source...

SESAC Music Group acquires rights management and UGC monetization company HAAWK
HAAWK’s HQ will remain in Los Angeles under the leadership of founder and CEO Ryan Born Source...

Why was Sony Music willing to pay megabucks for Queen and Pink Floyd’s catalogs?
MBW glances over some of the key factors in Sony's willingness to spend over $2 billion on three recent catalog deals Source...

Digital marketing firm The Trenches signs exclusive deal with UMG’s Republic Corps
As part of the deal, The Trenches is simultaneously launching its own incubator, Trenches Records Source...

UnitedMasters strikes direct licensing deal with TikTok… as clock ticks down on Merlin’s agreement with ByteDance platform
UnitedMasters was licensed through Merlin until this deal Source...

Global songwriter royalty collections rose 7.6% to $12.7bn in 2023, CISAC reports
In its latest report, CISAC sees a slowdown in digital revenue growth ahead, and calls for regulation of AI. Source...

FUGA partners with Philippines-based hip-hop company ASINTADA, makes key hires to expand APAC presence
The Downtown-owned distributor has made a series of new partnerships in the Filipino music business Source...

Qobuz launches ‘first of its kind’ high-fidelity streaming and download service in Japan
Japan's music market lags behind others when it comes to adoption of streaming services, and Qobuz sees an opportunity in that. Source...

NetEase Cloud Music inks deal to give its subscribers in China 30-day exclusive access to releases from K-Pop firm Kakao Entertainment
NetEase is increasingly positioning itself as the place to go for K-pop in China's music streaming market Source...

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