August, 2024

Universal Music strikes strategic agreement with AI startup ProRata, which just raised $25m for a chatbot and tech to attribute and compensate content owners
ProRata.ai has invented tech that it claims enables gen AI platforms to accurately attribute and share revenues on a per-use basis with content owners Source...

Believe fully acquires Doğan Music Company, claimed to be Turkey’s largest independent label, after buying remaining 40% stake for $42m
Believe struck an initial deal with DMC in 2020 to acquire a 60% stake in the label Source...

The MLC partners with Beatdapp for streaming fraud detection services
Beatdapp announced a $17m funding round in January Source...

How To Grow Your Company Into an International Business
Summary: Are you looking to take your business global? This guide will cover the essential steps to successfully expand your company into international markets. We'll discuss, how to:Evaluate your cur...

On… the delicate power balance between Spotify and Universal Music Group (and why UMG might end up turning the screw on Spotify’s free tier).
It's a complicated relationship – in which both parties need each other. Source...

Sony generated $2.54bn from recorded music and publishing in calendar Q2, up 11.4% YoY; recorded music streaming revenues up 5.0% YoY
Recorded music up 10.8% YoY; music publishing up 13.3% YoY Source...

Julie Greenwald to exit Atlantic Music Group in January
News arrives days after Warner Music Group announced a major leadership shakeup in its recorded music operation Source...

HYBE generated record quarterly revenue of $465m in calendar Q2
South Korea-headquartered entertainment giant HYBE has published its financial results for Q2 2024 Source...

Warner Music Group generated $1.55bn in calendar Q2; subscription streaming revenues rose 13.7% YoY
Warner Music Group has published its financial results for the three months ended June 30, 2024 (calendar Q2 – the company’s fiscal Q3) Source...

Sentric inks admin deal and forms JV with Cooking Vinyl Publishing
Joint venture will cover new signings, creative projects and more Source...

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