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The next big music biz acquisition will be $500m-valued Tempo Music, say MBW sources
Deal could be weeks away, we're told – with at least one major music company around the table Source...

Ditto hails ‘extraordinary growth’ amid global expansion as firm surpasses 2m registered artists
Ditto hit the 1 million user mark in July 2023 Source...

Sony Music cancels all Grammy Week events, redirects efforts and funds to wildfire relief efforts in Los Angeles
Sony Music is canceling all of its events during Grammy Week and redirecting its efforts and funds to wildfire relief efforts in Los Angeles. The major becomes the latest to confirm that its Grammy-re...

UK’s plan to make copyright law more AI-friendly raises concerns
Reforms to laws on data mining and scraping could could trigger 'a US tech-led heist of UK copyrighted works' Source...

Could Elon Musk save TikTok from a ban in the US?
Following reports that China is considering selling TikTok to Musk in the US, TikTok says: 'We can't be expected to comment on pure fiction.' Source...

Beatstar spins out into new music-gaming firm NEXTBEAT, led by Space Ape Games and Voisey co-founders Simon Hade and Olly Barnes
Beatstar has amassed nearly 100 million downloads and is expected to surpass $200 million in lifetime revenue this year Source...

The Czech Republic generated $50m in streaming revenues in 2023. Now Sony Music has acquired one of the region’s leading indie labels.
Sony has acquired Supraphon, claimed to be the Czech Republic's largest independent record label Source...

‘Saying yes to something scary and daunting has taught me that discomfort can lead to significant achievements and transformations.’
Nitsa Kalispera, EVP of Global Supply Chain at BMG, discusses going direct with DSPs, new revenue streams, the potential of AI and building a more diverse workforce Source...

Sony Group pledges $5M for California wildfire relief
The parent of Sony Music is among a growing number of corporations donating to disaster relief efforts amid Southern California's devastating wildfires Source...

HYBE’s ADOR takes legal action to block NewJeans from seeking independent advertising deals
The HYBE-owned label says it's seeking to protect its position as NewJeans' exclusive management agency Source...

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