December, 2024

BMG parent Bertelsmann partners with ElevenLabs, plans AI-generated music features
"These tools don’t replace creators — they save time for the creative work that matters most," ElevenLabs says Source...

‘Every time you think maybe BMG has run out of runway, it hasn’t.’
BMG’s UK boss Alistair Norbury talks Kylie and Suede, reflects on the changes made by new CEO Thomas Coesfeld, and explains how ‘BMG is coming in from the cold’… Source...

Reservoir acquires rights to catalog of Grammy-winning Lion King composer Lebohang Morake
South African composer strikes music rights deal with Reservoir Media Source...

Katie Kerkhover to lead A&R Frontline Recordings across North America for BMG
BMG has promoted Katie Kerkhover to Senior Vice President, A&R, Frontline Recordings, North America Source...

Live Nation just majority-acquired a Hollywood influencer management company. Here’s why that matters.
Company currently represents 25 clients, who, together, have nearly 200 million combined social media followers Source...

Sony Music acquires Cobalt Music, one of the most prominent homegrown independent labels in Greece
Investment marks the re-establishment of Sony Music Entertainment Greece Source...

Live Nation announces up to $1.1bn in new convertible bonds
Live Nation has a moderate level of debt, but its credit outlook has been under pressure amid an antitrust investigation Source...

Musical AI and Beatoven.ai to jointly launch what they claim to be the ‘first fully licensed’ AI music generator
The new tool will be trained on a catalog of over 3 million songs, loops, samples, and sounds, all cleared and licensed by Musical AI Source...

Market for Gen AI outputs to be worth over $16bn annually by 2028, but it could ‘cannibalize’ 24% of music creators’ revenues, CISAC predicts
New report says music creators alone stand to lose $10.5bn of their revenue by 2028 Source...

Taylor Swift claims title of Spotify’s most-streamed artist for second straight year, with more than 26.6bn streams in 2024
Taylor Swift, The Weeknd, Bad Bunny, Drake and Billie Eilish have topped Spotify's most-streamed artists list for 2024 Source...

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