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From Global Music Rights’ $3.3bn valuation to the Miley Cyrus copyright lawsuit… it’s MBW’s Weekly Round-Up
The biggest stories from the past week – all in one place… Source...

France’s recorded music market generated $450m in H1, as paid subscription revenues grow 11.3% YoY
Sixteen of the top 20 albums in France in H1 2024 were domestically produced Source...

Sweeping changes at Atlantic as label group prepares for ‘new day’ under Elliot Grainge
Is this the clearest indictor yet that Elliot Grainge is set to transform the label's strategy? Source...

Nelly sued for at least $50m over allegedly not crediting former St. Lunatics bandmates on hit album Country Grammar
US rapper Nelly has been sued by his former bandmates, the St. Lunatics, over a copyright dispute regarding several tracks from his hit album Country Grammar, which was released in 2000. The complaint...

Irving Azoff’s GMR just struck a $3.3 billion private equity deal, say MBW sources
Look. We’ve broken some pretty big news of late. Proper news. But this? Size-of-transaction-wise, this tops the lot. MBW has confirmed via well-placed sources that Irving Azoff’s US-headquartered ...

Gareth Mellor promoted to SVP, Global Marketing & Communications at Downtown Music
Mellor will oversee the global marketing and communication efforts across Downtown’s four core divisions Source...

Superfan platform Mellomanic, formerly We Are Giant, closes $6m funding round
Mellomanic says it has seen a 13,000% increase in monthly active users since the start of the year Source...

The Circuit Group launches UK arm led by James Sutcliffe, forms JV with CTRLFRK
Sutcliffe will also serve as Co-President of the new Circuit Management, alongside Michael Boyce. Source...

Musician accused of $10m AI streaming fraud scam pleads not guilty (report)
Michael Smith was indicted by the US Government earlier this month over an alleged $10 million streaming fraud scam Source...

Henri Jamet appointed Managing Director of Believe France
"Henri is as close as possible to the ground, he is respected in the industry, he has a creative vision and knows the company culture," said Believe Founder and CEO of Denis Ladegaillerie Source...

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