September, 2024

Spotify expands AI Playlist feature to US, Canada, Ireland and New Zealand
Launched in the UK and Australia earlier this year, the feature allows users to generate custom playlists from text prompts Source...

Corey Sheridan exits Global Music Strategy role at TikTok, joins Warner’s ADA as Global Head of Commerce & Revenue
Exec secured partnerships with streaming platforms to power TikTok’s ‘Add to Music App’ feature Source...

Alliance Entertainment reports increase in CD sales, thanks to K-pop and Taylor Swift
Alliance sold 1.1 million CD copies of Swift's new album in the first week after its release Source...

Believe finalizes acquisition of Turkey’s Dogan Music Company, following green light from regulators
Believe CEO Denis Ladegaillerie has made it clear he plans to continue the company's global expansion Source...

Grammy winner Eve sells rights to Iconoclast in eight-figure deal
"Eve’s contributions to hip hop and popular culture are unparalleled," said Olivier Chastan, founder and CEO of Iconoclast Source...

Robert Kilduff appointed Chief Financial Officer of Universal Music Group Nashville
Exec brings over 30 years of experience in financial leadership, strategic financial planning, operations, and corporate development. Source...

TikTok Music closure a win for Spotify, says Deutsche Bank
Deutsche Bank says that TikTok Music closing down is "a clear positive for Spotify" Source...

Warner revises annual cost savings estimate following latest round of layoffs
Cost savings revealed in SEC filing published on Thursday, September 19 Source...

After raising $3.5M in funding, AI-powered music remixing app Hook launches on iOS
The app allows users to create short-form remixes and mashups of popular songs using AI Source...

HYBE label ADOR rejects Min Hee-jin’s reinstatement as CEO but offers to extend her board term
HYBE is embroiled in an ongoing conflict with Min Hee-jin, ex-CEO of sub-label ADOR Source...

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