June, 2024

Warner Music Group acquires Amsterdam-based label Cloud 9 Recordings
Cloud 9 Co-founder Raymond van Vliet to remain as President of Cloud 9 Recordings Source...

‘Works for hire’? Jury trial to decide if 2 Live Crew’s members, heirs have any right to its music
2 Live Crew's members and their heirs are fighting to take back the recording copyrights on the 1980s rap band's music Source...

Reservoir acquires producer royalties of Grammy winner Jack Douglas
The acquisition includes hits by Aerosmith and Cheap Trick Source...

Latin Music generated $685m in US recorded music revenues in the first half of 2024 – up 7% YoY
The Recording Industry Association of America (RIAA) has published its mid-year 2024 Latin Music Revenue Report Source...

Downtown’s FUGA expands in ANZ region via new deal with Australia’s UNIFIED Music Group
Partnership will bolster UNIFIED’s distribution and marketing capabilities, and provide neighbouring rights services Source...

Africa-focused streaming service Mdundo hits 37.8m monthly active users, as paid subscription revenue jumps 112% in local currency terms
The company reported a revenue decline in fiscal 2023/24, amid weakness in African currencies Source...

Ticketmaster hit by ‘billions’ of bots in Oasis ticket sale, and 3 other things Michael Rapino said at Bloomberg’s Screentime event
The Live Nation CEO criticized scalpers saying there shouldn't be "a middleman that has nothing invested in the business making any money from it." Source...

Rob Stringer talks Queen, Michael Jackson, and Pink Floyd deals – plus TikTok – at Bloomberg event
Stringer spoke to Lucas Shaw at Bloomberg's event in Los Angeles on Thursday Source...

Macron calls for fairer music streaming model after France imposes ‘music streaming tax’
The French president would like to see 'artists who have average followings' get paid more Source...

TikTok slashes hundreds of jobs globally as it shifts focus to AI content moderation (reports)
Some 500 people are losing their jobs in Malaysia, along with potentially 125 layoffs in the UK Source...

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