August, 2024

XL Recordings posted a $12.8m profit last year… despite only releasing 8 new albums
XL's small but heavy-hitting catalog has made it an impressively profitable record company Source...

The Future of Music: Streaming Dominance, Live Events, and Vinyl Revival
As we reach the midpoint of 2024, the music industry continues to evolve, with streaming surging by 15.1%, live events boosting local music consumption, and vinyl making a significant comeback. Accord...

Instagram Notes may soon showcase your Spotify listening activity via new Meta partnership (Report)
It's unknown if the feature spotted by a reverse engineer will ever be made public Source...

Dr. Kenji Kitatani appointed Chairman of Warner Music Japan
Kitatani has a long and distinguished career in entertainment, media and academia Source...

BMG revenues hit $496m in H1 2024, up 12.5% YoY on organic basis
Thomas Coesfeld's changes to BMG had a clear effect on company's profit profile in H1 2024 period Source...

The Other Songs partners with Universal Music Publishing Group; signs global deal with British singer/songwriter Bruno Major
Bruno Major named as the 'first marquee signing' via the new arrangement with UMPG Source...

‘Premium experience platform’ Seat Unique raises $19m in extended funding round
Seat Unique is currently offering VIP tickets and hospitality packages for Billie Eilish, Taylor Swift, and the recently reunited Oasis Source...

Beggars Group is now a £100m+ annual revenue company
Nevertheless, the record company has seen its operating profit slide amid rising costs Source...

Bill Ackman unworried by Universal Music Group subscription revenue blip
Wall Street analysts were disappointed that UMG's subscription streaming revenues 'only' grew 6.9% YoY in the quarter Source...

‘Operation Redirect’: Brazil cracks down on music piracy sites spreading malware
IFPI and Pro-Música Brasil collaborated with law enforcement to take down 12 piracy sites that were also spreading malware Source...

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