June, 2024

From Drake’s legal action to Spotify execs’ big cash-out… it’s MBW’s Weekly Round-Up
The biggest stories from the past week – all in one place… Source...

Azi Eftekhari named Chief Operating Officer at Sony Music UK
Eftekhari joins Sony Music after serving two years as Co-President of Universal Music’s Catalogue Division Source...

Fortnite’s ‘Remix: The Finale’ concert draws over 14M players, breaking records
Fortnite has set a new milestone, drawing 14.3 million concurrent players for its 'Remix: The Finale' virtual concert on November 30 Source...

Lunar Client partners with STYNGR to bring licensed music to Minecraft
Through the Lunar Client Launcher, players will be able to stream music from major labels directly within Minecraft Source...

Are Spotify’s changes to third-party developer access meant to combat AI scraping?
Third-party app developers have been cut off from numerous data points within Spotify's platform Source...

HYBE and Chairman Bang Si-hyuk under investigation by South Korea’s financial regulator over ‘secret’ shareholder contracts in IPO (report)
HYBE allegedly made a nearly $340 million profit off an agreement with private equity firms that was apparently not disclosed to investors Source...

Jay Mehta talks Warner Music’s M&A strategy in South Asia and how India will produce ‘the next big global wave for music.’
MBW’s World Leaders series meets Jay Mehta, Managing Director, Warner Music South Asia Source...

Sony Music sued by Patrick Moxey’s Ultra Music Publishing for alleged copyright infringement; publisher claims the major is committing ‘piracy’ of its IP
The lawsuit claims: 'Despite their lack of licenses, the Sony Defendants engage in knowing, willful, and utterly inexcusable copyright infringement of the Ultra Compositions.' Source...

BMG parent Bertelsmann partners with ElevenLabs, plans AI-generated music features
"These tools don’t replace creators — they save time for the creative work that matters most," ElevenLabs says Source...

‘Every time you think maybe BMG has run out of runway, it hasn’t.’
BMG’s UK boss Alistair Norbury talks Kylie and Suede, reflects on the changes made by new CEO Thomas Coesfeld, and explains how ‘BMG is coming in from the cold’… Source...

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