August, 2024

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...

Alix Kram appointed Head of Marketing at Universal Music Publishing Group in new global role
Kram is a former Netflix and Warner Music Group exec Source...

Música Mexicana superstar Peso Pluma’s Double P Records strikes global deal with Downtown Music Publishing
The deal will also include administration for Peso Pluma’s own publishing interests Source...

Sony unfazed by streaming music revenue growth slowdown in calendar Q2
Sony says it's now expecting the music market to grow at mid-to-high-single-digit rates Source...

British startup sues Spotify for alleged patent infringement over ‘Remote Group Session’ and ‘Jam’ features
Bluejay Technologies says it shared info with Spotify on its system for collaborative streaming playlists before Spotify launched something similar Source...

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